DA Davidson Lowers Destination XL Group (NASDAQ:DXLG) Price Target to $3.00

Destination XL Group (NASDAQ:DXLG) had its price target cut by stock analysts at DA Davidson from $3.50 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective suggests a potential upside of 7.53% from the company’s previous close.

Separately, StockNews.com cut shares of Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

Destination XL Group Trading Up 6.9 %

Shares of NASDAQ:DXLG opened at $2.79 on Tuesday. The firm’s 50 day moving average is $2.65 and its two-hundred day moving average is $2.97. The firm has a market capitalization of $151.52 million, a P/E ratio of 18.60 and a beta of 1.30. Destination XL Group has a 52 week low of $2.15 and a 52 week high of $4.68.

Destination XL Group (NASDAQ:DXLG) last posted its earnings results on Friday, November 22nd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. During the same period last year, the firm earned $0.06 earnings per share.

Hedge Funds Weigh In On Destination XL Group

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Destination XL Group by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,026,076 shares of the company’s stock worth $7,375,000 after buying an additional 18,952 shares during the period. American Century Companies Inc. boosted its position in Destination XL Group by 15.4% during the second quarter. American Century Companies Inc. now owns 1,198,911 shares of the company’s stock worth $4,364,000 after purchasing an additional 159,943 shares during the period. State Street Corp grew its stake in Destination XL Group by 0.6% in the 3rd 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 last quarter. SG Americas Securities LLC bought a new position in shares of Destination XL Group in the third quarter worth about $3,006,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Destination XL Group during the third quarter worth approximately $2,940,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

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.