Exchange Traded Concepts LLC Buys New Shares in Destination XL Group, Inc. (NASDAQ:DXLG)

Exchange Traded Concepts LLC acquired a new position in Destination XL Group, Inc. (NASDAQ:DXLG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 111,260 shares of the company’s stock, valued at approximately $327,000. Exchange Traded Concepts LLC owned approximately 0.19% of Destination XL Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Destination XL Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,926,482 shares of the company’s stock valued at $10,535,000 after acquiring an additional 22,809 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Destination XL Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock valued at $7,375,000 after purchasing an additional 18,952 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Destination XL Group by 15.4% during the 2nd quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock valued at $4,364,000 after purchasing an additional 159,943 shares during the last quarter. SG Americas Securities LLC purchased a new position in Destination XL Group in the 3rd quarter worth $3,006,000. Finally, Hillsdale Investment Management Inc. lifted its stake in Destination XL Group by 1.9% in the first quarter. Hillsdale Investment Management Inc. now owns 584,860 shares of the company’s stock worth $2,105,000 after purchasing an additional 10,900 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Destination XL Group Stock Down 0.7 %

Shares of Destination XL Group stock opened at $2.93 on Friday. The firm has a market cap of $170.63 million, a PE ratio of 7.71 and a beta of 1.30. The company’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $3.23. Destination XL Group, Inc. has a 12-month low of $2.19 and a 12-month high of $4.90.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The business had revenue of $124.82 million for the quarter. Destination XL Group had a net margin of 3.11% and a return on equity of 11.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DXLG. StockNews.com cut Destination XL Group from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. DA Davidson decreased their price target on Destination XL Group from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 30th.

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.