Two Sigma Advisers LP Reduces Stock Position in Destination XL Group, Inc. (NASDAQ:DXLG)

Two Sigma Advisers LP lowered its stake in Destination XL Group, Inc. (NASDAQ:DXLG) by 59.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,500 shares of the company’s stock after selling 153,400 shares during the quarter. Two Sigma Advisers LP owned 0.19% of Destination XL Group worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in 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 worth $3,325,000 after purchasing an additional 4,261 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Destination XL Group by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock worth $41,000 after purchasing an additional 4,967 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Destination XL Group by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock worth $85,000 after purchasing an additional 6,850 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Destination XL Group by 43.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company’s stock worth $63,000 after acquiring an additional 7,020 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Destination XL Group by 14.6% during the 4th quarter. Barclays PLC now owns 80,598 shares of the company’s stock worth $216,000 after acquiring an additional 10,255 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Destination XL Group Price Performance

Shares of Destination XL Group stock opened at $1.05 on Friday. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.95. The stock has a market capitalization of $56.51 million, a PE ratio of 7.00 and a beta of 0.99. Destination XL Group, Inc. has a 1-year low of $0.90 and a 1-year high of $3.93.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $105.53 million for the quarter, compared to analysts’ expectations of $103.50 million. 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 company posted $0.06 EPS. As a group, research analysts anticipate that Destination XL Group, Inc. will post 0.08 EPS for the current year.

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.