Destination XL Group (NASDAQ:DXLG) Stock Price Down 5.7% – Time to Sell?

Destination XL Group, Inc. (NASDAQ:DXLG)’s share price was down 5.7% on Tuesday . The stock traded as low as $0.5525 and last traded at $0.5538. Approximately 73,486 shares were traded during trading, a decline of 37% from the average daily volume of 115,903 shares. The stock had previously closed at $0.5870.

Destination XL Group Stock Performance

The business has a 50-day moving average of $0.78 and a 200 day moving average of $1.02. The stock has a market cap of $30.27 million, a PE ratio of -3.96 and a beta of 1.40.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $101.88 million for the quarter, compared to analysts’ expectations of $104.55 million. Destination XL Group had a negative return on equity of 3.81% and a negative net margin of 1.73%. Equities analysts expect that Destination XL Group, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Destination XL Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXLG. Quadrature Capital Ltd acquired a new stake in shares of Destination XL Group in the second quarter worth approximately $38,000. Bank of America Corp DE raised its stake in Destination XL Group by 24.4% during the second quarter. Bank of America Corp DE now owns 42,894 shares of the company’s stock worth $48,000 after purchasing an additional 8,404 shares during the period. Jane Street Group LLC boosted its holdings in shares of Destination XL Group by 32.9% in the 1st quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock valued at $92,000 after purchasing an additional 15,593 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Destination XL Group during the 2nd quarter valued at $72,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Destination XL Group during the 3rd quarter worth $97,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

About Destination XL Group

Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.

Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.