Wolf Hill Capital Management LP Cuts Stock Position in Destination XL Group, Inc. (NASDAQ:DXLG)

Wolf Hill Capital Management LP trimmed its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,174,730 shares of the company’s stock after selling 656,610 shares during the period. Destination XL Group accounts for about 1.2% of Wolf Hill Capital Management LP’s holdings, making the stock its 17th biggest holding. Wolf Hill Capital Management LP owned approximately 6.94% of Destination XL Group worth $18,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DXLG. Principal Financial Group Inc. grew its position in Destination XL Group by 46.5% in the third quarter. Principal Financial Group Inc. now owns 24,486 shares of the company’s stock valued at $110,000 after acquiring an additional 7,774 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Destination XL Group by 173.0% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 110,651 shares of the company’s stock worth $496,000 after buying an additional 70,114 shares during the period. WINTON GROUP Ltd lifted its holdings in Destination XL Group by 34.7% in the 3rd quarter. WINTON GROUP Ltd now owns 55,208 shares of the company’s stock worth $247,000 after buying an additional 14,210 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Destination XL Group by 58.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 212,132 shares of the company’s stock valued at $950,000 after buying an additional 77,853 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of Destination XL Group during the third quarter valued at about $148,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Destination XL Group Stock Down 2.5 %

Shares of DXLG traded down $0.09 during midday trading on Tuesday, hitting $3.51. The company had a trading volume of 23,312 shares, compared to its average volume of 286,676. The stock has a market cap of $204.39 million, a price-to-earnings ratio of 9.47 and a beta of 1.29. The company’s 50 day moving average price is $3.40 and its 200 day moving average price is $3.79. Destination XL Group, Inc. has a 52 week low of $3.01 and a 52 week high of $5.36.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.10 earnings per share for the quarter. Destination XL Group had a return on equity of 19.45% and a net margin of 4.82%. The firm had revenue of $137.14 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DXLG shares. Craig Hallum reduced their price target on Destination XL Group from $3.50 to $3.00 and set a “hold” rating for the company in a report on Friday, May 31st. StockNews.com downgraded shares of Destination XL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th.

Insiders Place Their Bets

In other news, major shareholder Fund 1 Investments, Llc sold 225,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total transaction of $708,750.00. Following the completion of the transaction, the insider now directly owns 5,691,577 shares of the company’s stock, valued at $17,928,467.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

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.