Bank of New York Mellon Corp Sells 151,103 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

Bank of New York Mellon Corp decreased its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 49.4% during the fourth quarter, HoldingsChannel reports. The firm owned 154,843 shares of the company’s stock after selling 151,103 shares during the period. Bank of New York Mellon Corp’s holdings in Destination XL Group were worth $417,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DXLG. Exchange Traded Concepts LLC raised its stake in shares of Destination XL Group by 17.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 130,265 shares of the company’s stock worth $350,000 after acquiring an additional 19,005 shares in the last quarter. SG Americas Securities LLC raised its position in Destination XL Group by 0.5% in the 4th quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock worth $2,765,000 after purchasing an additional 5,349 shares during the period. Barclays PLC raised its position in Destination XL Group by 270.2% in the 3rd quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after purchasing an additional 51,341 shares during the period. Jane Street Group LLC lifted its stake in Destination XL Group by 19.7% in the third quarter. Jane Street Group LLC now owns 64,253 shares of the company’s stock worth $189,000 after purchasing an additional 10,562 shares during the last quarter. Finally, State Street Corp boosted its position in Destination XL Group by 0.6% during the third quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after buying an additional 6,300 shares during the period. Institutional investors own 73.49% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on Destination XL Group from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, March 21st.

Destination XL Group Trading Down 7.6 %

Shares of Destination XL Group stock opened at $1.45 on Friday. Destination XL Group, Inc. has a 12 month low of $1.45 and a 12 month high of $3.93. The firm has a market capitalization of $77.61 million, a P/E ratio of 9.67 and a beta of 1.15. The business has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $2.56.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The company had revenue of $119.20 million during the quarter, compared to analyst estimates of $120.93 million. Analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current year.

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.