Bank of America Corp DE Raises Holdings in Destination XL Group, Inc. (NASDAQ:DXLG)

Bank of America Corp DE increased its stake in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 41.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,496 shares of the company’s stock after purchasing an additional 15,398 shares during the period. Bank of America Corp DE owned 0.10% of Destination XL Group worth $141,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DXLG. American Century Companies Inc. lifted its holdings in Destination XL Group by 6.0% during the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock worth $4,058,000 after purchasing an additional 86,043 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Destination XL Group in the 4th quarter valued at about $123,000. PEAK6 LLC purchased a new stake in shares of Destination XL Group in the 4th quarter valued at about $93,000. LPL Financial LLC raised its holdings in shares of Destination XL Group by 69.6% in the 4th quarter. LPL Financial LLC now owns 79,701 shares of the company’s stock valued at $214,000 after acquiring an additional 32,701 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Destination XL Group in the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Destination XL Group Stock Up 1.8%

NASDAQ:DXLG opened at $1.14 on Tuesday. The business’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $1.89. Destination XL Group, Inc. has a twelve month low of $0.90 and a twelve month high of $3.93. The stock has a market cap of $61.35 million, a P/E ratio of 7.60 and a beta of 0.99.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $105.53 million for the quarter, compared to analyst estimates of $103.50 million. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. During the same period in the prior year, the company earned $0.06 EPS. On average, equities research analysts expect that Destination XL Group, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target on Destination XL Group from $3.00 to $2.50 and set a “buy” rating on the stock in a report 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.