Pacific Ridge Capital Partners LLC Lowers Position in Destination XL Group, Inc. (NASDAQ:DXLG)

Pacific Ridge Capital Partners LLC trimmed its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127,770 shares of the company’s stock after selling 164,182 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.08% of Destination XL Group worth $3,034,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DXLG. American Century Companies Inc. grew its position in Destination XL Group by 6.0% during the fourth quarter. American Century Companies Inc. now owns 1,508,579 shares of the company’s stock valued at $4,058,000 after buying an additional 86,043 shares during the period. State Street Corp grew its position in shares of Destination XL Group by 0.6% during the 3rd quarter. State Street Corp now owns 1,058,907 shares of the company’s stock valued at $3,113,000 after acquiring an additional 6,300 shares during the period. SG Americas Securities LLC increased its stake in shares of Destination XL Group by 0.5% in the 4th quarter. SG Americas Securities LLC now owns 1,027,808 shares of the company’s stock valued at $2,765,000 after purchasing an additional 5,349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Destination XL Group in the 3rd quarter worth about $2,940,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Destination XL Group by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,749 shares of the company’s stock worth $411,000 after purchasing an additional 11,062 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Destination XL Group Stock Up 0.3 %

DXLG opened at $1.58 on Thursday. The firm’s fifty day simple moving average is $2.35 and its two-hundred day simple moving average is $2.57. Destination XL Group, Inc. has a 52-week low of $1.53 and a 52-week high of $3.93. The company has a market cap of $84.57 million, a price-to-earnings ratio of 10.53 and a beta of 1.15.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $120.93 million. On average, research analysts forecast that Destination XL Group, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price objective on Destination XL Group from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, March 21st.

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.