Campbell & CO Investment Adviser LLC Buys 70,114 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

Campbell & CO Investment Adviser LLC lifted its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLGFree Report) by 173.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,651 shares of the company’s stock after acquiring an additional 70,114 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Destination XL Group were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DXLG. Metropolitan Life Insurance Co NY boosted its stake in shares of Destination XL Group by 101.6% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,701 shares of the company’s stock worth $25,000 after acquiring an additional 1,865 shares during the period. UBS Group AG boosted its stake in shares of Destination XL Group by 245.2% during the 3rd quarter. UBS Group AG now owns 5,920 shares of the company’s stock worth $32,000 after acquiring an additional 4,205 shares during the period. Macquarie Group Ltd. bought a new position in shares of Destination XL Group during the 4th quarter worth approximately $32,000. Point72 Middle East FZE bought a new position in shares of Destination XL Group during the 4th quarter worth approximately $40,000. Finally, Bayesian Capital Management LP acquired a new stake in Destination XL Group during the 2nd quarter worth approximately $58,000. 76.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Destination XL Group

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DXLG. StockNews.com raised Destination XL Group from a “hold” rating to a “buy” rating in a report on Monday. Craig Hallum cut Destination XL Group from a “buy” rating to a “hold” rating and set a $4.50 price target for the company. in a report on Monday, November 20th.

Read Our Latest Stock Analysis on Destination XL Group

Destination XL Group Trading Up 3.1 %

NASDAQ:DXLG opened at $3.97 on Tuesday. The stock has a market cap of $238.91 million, a P/E ratio of 8.27 and a beta of 1.35. The stock has a 50 day simple moving average of $4.20 and a 200 day simple moving average of $4.34. Destination XL Group, Inc. has a 1-year low of $3.63 and a 1-year high of $6.77.

Destination XL Group (NASDAQ:DXLGGet Free Report) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $119.19 million during the quarter. Destination XL Group had a net margin of 5.85% and a return on equity of 23.51%. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, sell-side analysts forecast that Destination XL Group, Inc. will post 0.47 EPS for the current year.

Destination XL Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

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