DA Davidson Has Lowered Expectations for Destination XL Group (NASDAQ:DXLG) Stock Price

Destination XL Group (NASDAQ:DXLG) had its price objective lowered by DA Davidson from $3.50 to $3.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 7.53% from the stock’s current price.

Separately, StockNews.com lowered Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

Destination XL Group Stock Performance

DXLG stock opened at $2.79 on Tuesday. The firm has a market cap of $151.52 million, a P/E ratio of 18.60 and a beta of 1.30. Destination XL Group has a 1 year low of $2.15 and a 1 year high of $4.68. The stock has a 50-day simple moving average of $2.65 and a 200-day simple moving average of $2.97.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Friday, November 22nd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. During the same quarter in the previous year, the firm earned $0.06 earnings per share.

Institutional Trading of Destination XL Group

Several institutional investors have recently added to or reduced their stakes in DXLG. Bank of New York Mellon Corp boosted its holdings in shares of Destination XL Group by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock valued at $1,282,000 after buying an additional 23,835 shares during the period. American Century Companies Inc. boosted its stake in Destination XL Group by 15.4% in the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock valued at $4,364,000 after acquiring an additional 159,943 shares during the period. Dimensional Fund Advisors LP boosted its stake in Destination XL Group by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock valued at $7,375,000 after acquiring an additional 18,952 shares during the period. Long Focus Capital Management LLC grew its holdings in shares of Destination XL Group by 19.0% during the second quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock valued at $1,594,000 after purchasing an additional 70,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Destination XL Group during the 3rd quarter worth approximately $3,006,000. Institutional investors own 73.49% of the company’s stock.

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.