Destination XL Group (DXLG) to Release Earnings on Thursday

Destination XL Group (NASDAQ:DXLGGet Free Report) will release its earnings data before the market opens on Thursday, March 21st. Persons interested in listening to the company’s earnings conference call can do so using this link.

Destination XL Group Stock Performance

DXLG stock opened at $3.74 on Thursday. The stock has a market cap of $225.07 million, a P/E ratio of 7.79 and a beta of 1.32. The company’s 50 day moving average is $4.01 and its two-hundred day moving average is $4.21. Destination XL Group has a twelve month low of $3.63 and a twelve month high of $6.32.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Craig Hallum lowered shares of Destination XL Group from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a research report on Monday, November 20th. StockNews.com cut Destination XL Group from a “buy” rating to a “hold” rating in a report on Tuesday.

View Our Latest Report on DXLG

Insider Activity at Destination XL Group

In related news, General Counsel Robert S. Molloy sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $4.01, for a total transaction of $80,200.00. Following the completion of the transaction, the general counsel now owns 240,409 shares of the company’s stock, valued at $964,040.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DXLG. Metropolitan Life Insurance Co NY raised its position in Destination XL Group by 101.6% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,701 shares of the company’s stock valued at $25,000 after purchasing an additional 1,865 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Destination XL Group by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 154,573 shares of the company’s stock worth $852,000 after purchasing an additional 2,584 shares during the period. BlackRock Inc. grew its stake in Destination XL Group by 0.6% in the first quarter. BlackRock Inc. now owns 459,033 shares of the company’s stock valued at $2,240,000 after acquiring an additional 2,744 shares during the period. UBS Group AG grew its stake in Destination XL Group by 21.4% in the first quarter. UBS Group AG now owns 20,646 shares of the company’s stock valued at $114,000 after acquiring an additional 3,643 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Destination XL Group by 3.0% in the second quarter. Goldman Sachs Group Inc. now owns 137,829 shares of the company’s stock valued at $675,000 after purchasing an additional 4,003 shares in the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

About Destination XL Group

(Get Free Report)

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

Further Reading

Earnings History for Destination XL Group (NASDAQ:DXLG)

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