SG Americas Securities LLC Has $1.45 Million Stock Position in Destination XL Group, Inc. (NASDAQ:DXLG)

SG Americas Securities LLC trimmed its position in Destination XL Group, Inc. (NASDAQ:DXLG) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 993,208 shares of the company’s stock after selling 34,600 shares during the quarter. SG Americas Securities LLC owned approximately 1.86% of Destination XL Group worth $1,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXLG. Charles Schwab Investment Management Inc. increased its position in Destination XL Group by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,749 shares of the company’s stock worth $411,000 after purchasing an additional 11,062 shares during the period. Intech Investment Management LLC increased its position in Destination XL Group by 84.0% in the fourth quarter. Intech Investment Management LLC now owns 23,922 shares of the company’s stock worth $64,000 after purchasing an additional 10,923 shares during the period. American Century Companies Inc. increased its position in Destination XL Group by 6.0% in the fourth 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 during the period. Sei Investments Co. acquired a new stake in Destination XL Group in the fourth quarter worth about $76,000. Finally, LPL Financial LLC increased its position in Destination XL Group by 69.6% in the fourth quarter. LPL Financial LLC now owns 79,701 shares of the company’s stock worth $214,000 after purchasing an additional 32,701 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson cut 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 Trading Up 1.8%

NASDAQ:DXLG opened at $1.14 on Tuesday. Destination XL Group, Inc. has a 1-year low of $0.90 and a 1-year high of $3.93. The business’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $1.89. The firm has a market capitalization of $61.35 million, a price-to-earnings ratio of 7.60 and a beta of 0.99.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The firm had revenue of $105.53 million for the quarter, compared to analyst estimates of $103.50 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Sell-side analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current year.

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.