MetLife Investment Management LLC Sells 15,522 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

MetLife Investment Management LLC lessened its holdings in Destination XL Group, Inc. (NASDAQ:DXLG) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,761 shares of the company’s stock after selling 15,522 shares during the quarter. MetLife Investment Management LLC’s holdings in Destination XL Group were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Destination XL Group in the third quarter worth $2,940,000. Intech Investment Management LLC bought a new stake in shares of Destination XL Group in the third quarter worth $38,000. Los Angeles Capital Management LLC lifted its position in shares of Destination XL Group by 7.7% in the third quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company’s stock worth $261,000 after purchasing an additional 6,300 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Destination XL Group in the third quarter worth $327,000. Finally, SG Americas Securities LLC bought a new stake in shares of Destination XL Group in the third quarter worth $3,006,000. Institutional investors own 73.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Destination XL Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. DA Davidson cut their price target on shares of Destination XL Group from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, August 30th.

Destination XL Group Price Performance

Shares of DXLG stock opened at $2.59 on Wednesday. The stock has a market cap of $140.66 million, a P/E ratio of 17.07 and a beta of 1.30. The company has a fifty day moving average price of $2.72 and a two-hundred day moving average price of $3.06. Destination XL Group, Inc. has a one year low of $2.19 and a one year high of $4.76.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, November 22nd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. During the same quarter last year, the firm posted $0.06 earnings per share.

Destination XL Group 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.