Destination XL Group (NASDAQ:DXLG) Price Target Cut to $2.50 by Analysts at DA Davidson

Destination XL Group (NASDAQ:DXLG) had its price objective dropped by analysts at DA Davidson from $3.00 to $2.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 35.50% from the stock’s previous close.

Destination XL Group Stock Performance

Shares of DXLG traded down $0.01 during trading hours on Friday, reaching $1.85. 160,278 shares of the company traded hands, compared to its average volume of 277,344. The stock’s fifty day moving average is $2.42 and its 200 day moving average is $2.60. The stock has a market cap of $100.20 million, a P/E ratio of 12.30 and a beta of 1.15. Destination XL Group has a 1-year low of $1.77 and a 1-year high of $3.93.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. The business had revenue of $119.20 million during the quarter, compared to analyst estimates of $120.93 million. On average, equities research analysts predict that Destination XL Group will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Destination XL Group by 270.2% in the third quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after purchasing an additional 51,341 shares in the last quarter. State Street Corp increased its holdings in shares of Destination XL Group by 0.6% during the third quarter. State Street Corp now owns 1,058,907 shares of the company’s stock worth $3,113,000 after buying an additional 6,300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Destination XL Group during the third quarter worth approximately $2,940,000. Exchange Traded Concepts LLC increased its holdings in shares of Destination XL Group by 17.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 130,265 shares of the company’s stock worth $350,000 after buying an additional 19,005 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Destination XL Group by 0.5% during the fourth quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock worth $2,765,000 after buying an additional 5,349 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Destination XL Group Company Profile

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.