DA Davidson Has Lowered Expectations for Destination XL Group (NASDAQ:DXLG) Stock Price

Destination XL Group (NASDAQ:DXLG) had its price objective trimmed by DA Davidson from $3.50 to $3.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, StockNews.com lowered Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

Destination XL Group Trading Up 4.3 %

Shares of DXLG opened at $2.91 on Tuesday. The business’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.97. The stock has a market capitalization of $158.03 million, a P/E ratio of 19.40 and a beta of 1.30. Destination XL Group has a 1-year low of $2.15 and a 1-year high of $4.68.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Friday, November 22nd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. During the same quarter in the previous year, the company earned $0.06 earnings per share.

Hedge Funds Weigh In On Destination XL Group

A number of large investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in Destination XL Group in the 3rd quarter valued at approximately $38,000. Jane Street Group LLC grew its holdings in shares of Destination XL Group by 19.7% during the 3rd quarter. Jane Street Group LLC now owns 64,253 shares of the company’s stock valued at $189,000 after acquiring an additional 10,562 shares in the last quarter. Barclays PLC raised its holdings in shares of Destination XL Group by 270.2% during the third quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after acquiring an additional 51,341 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Destination XL Group by 7.7% during the third quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company’s stock worth $261,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Destination XL Group during the third quarter valued at $327,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men’s clothing and shoes in the United States. The company’s stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.