Destination XL Group, Inc. (NASDAQ:DXLG) Shares Sold by Walleye Capital LLC

Walleye Capital LLC reduced its holdings in Destination XL Group, Inc. (NASDAQ:DXLG) by 38.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,924 shares of the company’s stock after selling 35,841 shares during the quarter. Walleye Capital LLC owned about 0.10% of Destination XL Group worth $170,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DXLG. Vanguard Group Inc. increased its stake in Destination XL Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company’s stock valued at $10,535,000 after purchasing an additional 22,809 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Destination XL Group by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock valued at $1,282,000 after purchasing an additional 23,835 shares in the last quarter. American Century Companies Inc. increased its stake in Destination XL Group by 15.4% in the 2nd quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock valued at $4,364,000 after purchasing an additional 159,943 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Destination XL Group by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock valued at $7,375,000 after purchasing an additional 18,952 shares in the last quarter. Finally, Long Focus Capital Management LLC increased its stake in Destination XL Group by 19.0% in the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock valued at $1,594,000 after purchasing an additional 70,000 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DXLG has been the subject of several research analyst reports. StockNews.com downgraded Destination XL Group from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. DA Davidson dropped their price objective on 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 Stock Performance

Destination XL Group stock opened at $2.63 on Thursday. The stock has a fifty day moving average of $2.71 and a two-hundred day moving average of $3.05. The company has a market capitalization of $142.83 million, a price-to-earnings ratio of 17.27 and a beta of 1.30. Destination XL Group, Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $4.76.

Destination XL Group (NASDAQ:DXLG) last released its quarterly 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 period in the previous year, the company posted $0.06 EPS.

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.