Mount Yale Investment Advisors LLC lowered its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating) by 20.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,901 shares of the company’s stock after selling 136,972 shares during the period. Mount Yale Investment Advisors LLC owned approximately 0.86% of Destination XL Group worth $2,867,000 as of its most recent SEC filing.
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A number of other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Destination XL Group during the second quarter worth approximately $40,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Destination XL Group in the second quarter worth $58,000. McNamara Financial Services Inc. acquired a new position in Destination XL Group in the third quarter worth $63,000. Quantbot Technologies LP boosted its holdings in Destination XL Group by 1,535.5% in the first quarter. Quantbot Technologies LP now owns 14,311 shares of the company’s stock worth $69,000 after purchasing an additional 13,436 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its holdings in Destination XL Group by 52.9% in the second quarter. Brandywine Global Investment Management LLC now owns 22,380 shares of the company’s stock worth $76,000 after purchasing an additional 7,740 shares during the period. Hedge funds and other institutional investors own 67.97% of the company’s stock.
Destination XL Group Price Performance
Shares of NASDAQ DXLG traded up $0.04 during midday trading on Friday, reaching $7.47. 69,133 shares of the company traded hands, compared to its average volume of 546,302. Destination XL Group, Inc. has a 52 week low of $3.27 and a 52 week high of $7.54. The stock has a 50-day moving average price of $6.67 and a 200 day moving average price of $6.21. The company has a market cap of $461.32 million, a price-to-earnings ratio of 5.53 and a beta of 1.49.
Destination XL Group (NASDAQ:DXLG – Get Rating) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.16 earnings per share for the quarter. Destination XL Group had a net margin of 16.94% and a return on equity of 59.46%. The business had revenue of $129.67 million for the quarter.
Insiders Place Their Bets
In other Destination XL Group news, insider Anthony Gaeta sold 18,719 shares of the business’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $7.04, for a total value of $131,781.76. Following the sale, the insider now directly owns 153,711 shares in the company, valued at $1,082,125.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, General Counsel Robert S. Molloy sold 71,708 shares of Destination XL Group stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $6.61, for a total value of $473,989.88. Following the transaction, the general counsel now owns 208,448 shares of the company’s stock, valued at approximately $1,377,841.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony Gaeta sold 18,719 shares of Destination XL Group stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $7.04, for a total value of $131,781.76. Following the completion of the transaction, the insider now directly owns 153,711 shares in the company, valued at approximately $1,082,125.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 284,459 shares of company stock worth $1,987,356. 10.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have commented on DXLG. DA Davidson lifted their price objective on shares of Destination XL Group to $9.00 in a report on Monday, November 21st. StockNews.com raised shares of Destination XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. Finally, Craig Hallum lifted their price objective on shares of Destination XL Group to $10.50 in a report on Monday, November 21st.
Destination XL Group 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 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.
Further Reading
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