Goldman Sachs Group Inc. Trims Position in Destination XL Group, Inc. $DXLG

Goldman Sachs Group Inc. lessened its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 16.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,799 shares of the company’s stock after selling 27,506 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.26% of Destination XL Group worth $204,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. ProShare Advisors LLC increased its holdings in Destination XL Group by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock valued at $41,000 after purchasing an additional 4,967 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Destination XL Group in the 4th quarter valued at $86,000. Bank of America Corp DE grew its stake in shares of Destination XL Group by 41.5% during the fourth quarter. Bank of America Corp DE now owns 52,496 shares of the company’s stock valued at $141,000 after acquiring an additional 15,398 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Destination XL Group by 32.9% during the first quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock valued at $92,000 after acquiring an additional 15,593 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Destination XL Group during the first quarter valued at about $271,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Destination XL Group Price Performance

Shares of NASDAQ:DXLG opened at $1.35 on Monday. The stock has a market cap of $72.74 million, a price-to-earnings ratio of -15.00 and a beta of 1.20. Destination XL Group, Inc. has a 12 month low of $0.90 and a 12 month high of $3.10. The stock’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.25.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Destination XL Group from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2.50.

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.