Destination XL Group, Inc. (NASDAQ:DXLG) Holdings Decreased by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 56.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,792 shares of the company’s stock after selling 100,615 shares during the period. Two Sigma Investments LP owned approximately 0.14% of Destination XL Group worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. lifted its position in Destination XL Group by 6.0% in the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock worth $4,058,000 after buying an additional 86,043 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $3,325,000 after acquiring an additional 4,261 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Destination XL Group by 19.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company’s stock worth $1,179,000 after acquiring an additional 69,952 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Destination XL Group by 100.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 155,875 shares of the company’s stock worth $419,000 after acquiring an additional 78,015 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Destination XL Group by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,749 shares of the company’s stock worth $411,000 after acquiring an additional 11,062 shares in the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

Destination XL Group Stock Performance

Shares of DXLG opened at $1.13 on Friday. The firm has a market cap of $60.81 million, a PE ratio of 7.53 and a beta of 0.99. The firm’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.91. Destination XL Group, Inc. has a twelve month low of $0.90 and a twelve month high of $3.93.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Thursday, May 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $105.53 million for the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.06 EPS. On average, sell-side analysts anticipate that Destination XL Group, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price on 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 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.