DA Davidson Cuts Destination XL Group (NASDAQ:DXLG) Price Target to $2.50

Destination XL Group (NASDAQ:DXLG) had its price target reduced by DA Davidson from $3.00 to $2.50 in a research report report published on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Destination XL Group Stock Down 4.6 %

DXLG stock opened at $1.76 on Friday. The company has a market cap of $95.58 million, a PE ratio of 11.73 and a beta of 1.15. The business has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.59. Destination XL Group has a 52 week low of $1.75 and a 52 week high of $3.93.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Thursday, March 20th. The company reported $0.02 earnings per share (EPS) 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 firm had revenue of $119.20 million for the quarter, compared to analysts’ expectations of $120.93 million. On average, analysts anticipate that Destination XL Group 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 made changes to their positions in DXLG. Intech Investment Management LLC bought a new stake in shares of Destination XL Group during the third quarter worth about $38,000. ProShare Advisors LLC grew its holdings in shares of Destination XL Group by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock worth $41,000 after purchasing an additional 4,967 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Destination XL Group by 43.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company’s stock worth $63,000 after purchasing an additional 7,020 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Destination XL Group during the fourth quarter worth about $76,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Destination XL Group by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock worth $85,000 after purchasing an additional 6,850 shares during the last quarter. 73.49% of the stock is currently owned by institutional investors.

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.