D. E. Shaw & Co. Inc. Has $419,000 Stake in Destination XL Group, Inc. (NASDAQ:DXLG)

D. E. Shaw & Co. Inc. grew its holdings in Destination XL Group, Inc. (NASDAQ:DXLG) by 100.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,875 shares of the company’s stock after buying an additional 78,015 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.29% of Destination XL Group worth $419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Destination XL Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after buying an additional 4,261 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Destination XL Group by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock valued at $85,000 after purchasing an additional 6,850 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Destination XL Group by 43.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company’s stock valued at $63,000 after purchasing an additional 7,020 shares in the last quarter. Barclays PLC increased its holdings in shares of Destination XL Group by 14.6% in the fourth quarter. Barclays PLC now owns 80,598 shares of the company’s stock valued at $216,000 after purchasing an additional 10,255 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Destination XL Group by 84.0% in the fourth quarter. Intech Investment Management LLC now owns 23,922 shares of the company’s stock valued at $64,000 after purchasing an additional 10,923 shares in the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.

Destination XL Group Trading Up 3.8%

NASDAQ DXLG opened at $1.09 on Tuesday. The company has a market capitalization of $58.34 million, a PE ratio of 7.27 and a beta of 0.98. The stock has a 50-day simple moving average of $1.18 and a 200 day simple moving average of $2.05. Destination XL Group, Inc. has a 12 month low of $0.90 and a 12 month high of $3.93.

Destination XL Group (NASDAQ:DXLG) last posted its earnings results on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $120.93 million. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. As a group, sell-side analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on shares of Destination XL Group from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, March 21st.

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.