Destination XL Group (NASDAQ:DXLG) Stock Price Down 5.6% – Time to Sell?

Destination XL Group, Inc. (NASDAQ:DXLG)’s stock price fell 5.6% on Friday. The company traded as low as $0.4340 and last traded at $0.4342. 97,417 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 86,139 shares. The stock had previously closed at $0.4601.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Destination XL Group in a research report on Friday, September 4th. DA Davidson decreased their price objective on shares of Destination XL Group from $1.50 to $1.25 and set a “buy” rating on the stock in a report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Destination XL Group presently has a consensus rating of “Hold” and an average price target of $1.25.

Destination XL Group Trading Down 5.6%

The stock has a market cap of $24.08 million, a price-to-earnings ratio of -0.63 and a beta of 1.37. The company has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.62.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. Destination XL Group had a negative return on equity of 9.05% and a negative net margin of 8.77%.The business had revenue of $111.56 million during the quarter, compared to the consensus estimate of $109.00 million.

Institutional Investors Weigh In On Destination XL Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. acquired a new stake in shares of Destination XL Group during the 2nd quarter worth $6,298,000. Fund 1 Investments LLC bought a new stake in Destination XL Group during the second quarter worth about $3,858,000. Nantahala Capital Management LLC acquired a new stake in Destination XL Group during the second quarter worth about $2,774,966. BlackRock Inc. bought a new position in Destination XL Group in the 2nd quarter valued at about $594,000. Finally, Empowered Funds LLC acquired a new position in shares of Destination XL Group in the 2nd quarter valued at approximately $73,000. Institutional investors own 73.49% of the company’s stock.

Destination XL Group Company Profile

Destination XL Group, Inc is a specialty retailer focused on clothing, footwear and accessories for big and tall men. The company offers apparel in extended sizes, including casualwear, business clothing, outerwear, activewear, swimwear and accessories, through a combination of private-label merchandise and products from national brands.

The company operates under the Destination XL and DXL brands, serving customers through retail stores, its e-commerce websites and other direct-to-consumer channels.