Long Focus Capital Management LLC Boosts Stock Position in Destination XL Group, Inc. $DXLG

Long Focus Capital Management LLC boosted its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 13.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 498,042 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in Destination XL Group were worth $727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DXLG. ProShare Advisors LLC increased its holdings in Destination XL Group by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company’s stock worth $41,000 after purchasing an additional 4,967 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Destination XL Group by 43.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company’s stock worth $63,000 after purchasing an additional 7,020 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Destination XL Group by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 31,451 shares of the company’s stock worth $85,000 after purchasing an additional 6,850 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Destination XL Group during the 4th quarter worth approximately $86,000. Finally, Bank of America Corp DE increased its holdings in shares of Destination XL Group by 41.5% in the 4th quarter. Bank of America Corp DE now owns 52,496 shares of the company’s stock valued at $141,000 after acquiring an additional 15,398 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Destination XL Group from a “strong sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $2.50.

Destination XL Group Trading Down 1.5%

Shares of NASDAQ DXLG opened at $1.29 on Friday. Destination XL Group, Inc. has a twelve month low of $0.90 and a twelve month high of $3.10. The company has a market capitalization of $69.42 million, a price-to-earnings ratio of -14.33 and a beta of 1.13. The business has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $1.38.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Destination XL Group had a negative return on equity of 2.13% and a negative net margin of 1.19%.The business had revenue of $105.53 million during the quarter, compared to analyst estimates of $103.50 million. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, equities analysts predict that Destination XL Group, Inc. will post 0.08 earnings per share for the current year.

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.