Destination XL Group (NASDAQ:DXLG) Upgraded by StockNews.com to Buy

Destination XL Group (NASDAQ:DXLG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Destination XL Group Stock Up 0.6 %

Shares of DXLG stock traded up $0.02 on Wednesday, reaching $3.59. 317,958 shares of the stock were exchanged, compared to its average volume of 312,103. Destination XL Group has a 1-year low of $3.51 and a 1-year high of $5.76. The stock has a market cap of $216.05 million, a P/E ratio of 7.48 and a beta of 1.32. The firm has a 50 day moving average of $3.97 and a two-hundred day moving average of $4.19.

Insider Activity

In other Destination XL Group news, General Counsel Robert S. Molloy sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $4.01, for a total transaction of $80,200.00. Following the completion of the sale, the general counsel now directly owns 240,409 shares in the company, valued at $964,040.09. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Destination XL Group

A number of institutional investors and hedge funds have recently bought and sold shares of DXLG. Wolf Hill Capital Management LP boosted its stake in shares of Destination XL Group by 35.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 5,241,146 shares of the company’s stock valued at $28,879,000 after buying an additional 1,384,516 shares during the last quarter. Fund 1 Investments LLC increased its position in shares of Destination XL Group by 144.3% in the 4th quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock worth $23,052,000 after purchasing an additional 3,094,183 shares during the last quarter. BlackRock Inc. raised its stake in shares of Destination XL Group by 4.7% in the 2nd quarter. BlackRock Inc. now owns 3,819,885 shares of the company’s stock valued at $18,717,000 after purchasing an additional 170,533 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Destination XL Group by 21.8% during the third quarter. Vanguard Group Inc. now owns 2,962,535 shares of the company’s stock worth $16,057,000 after purchasing an additional 531,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Destination XL Group by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,980,150 shares of the company’s stock worth $8,714,000 after purchasing an additional 290,251 shares in the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.

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 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.