Destination XL Group (NASDAQ:DXLG – Get Free Report) had its target price dropped by equities research analysts at DA Davidson from $1.50 to $1.25 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 97.47% from the stock’s current price.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Destination XL Group in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Destination XL Group currently has a consensus rating of “Hold” and a consensus target price of $1.25.
Check Out Our Latest Research Report on Destination XL Group
Destination XL Group Stock Performance
Destination XL Group (NASDAQ:DXLG – Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. Destination XL Group had a negative net margin of 8.77% and a negative return on equity of 8.83%. The firm had revenue of $111.56 million during the quarter, compared to analysts’ expectations of $109.00 million.
Institutional Trading of Destination XL Group
Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Destination XL Group by 24.4% in the second quarter. Bank of America Corp DE now owns 42,894 shares of the company’s stock valued at $48,000 after purchasing an additional 8,404 shares in the last quarter. XTX Topco Ltd acquired a new stake in Destination XL Group during the 2nd quarter worth approximately $72,000. Empowered Funds LLC purchased a new position in Destination XL Group in the 2nd quarter valued at approximately $73,000. Qube Research & Technologies Ltd purchased a new position in Destination XL Group in the 2nd quarter valued at approximately $84,000. Finally, Jane Street Group LLC grew its stake in shares of Destination XL Group by 32.9% in the first quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock worth $92,000 after acquiring an additional 15,593 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.
About Destination XL Group
Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.
Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.
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