Destination XL Group, Inc. (NASDAQ:DXLG) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lessened its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 12.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,127,770 shares of the company’s stock after selling 164,182 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Destination XL Group were worth $3,034,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of Destination XL Group in the third quarter valued at approximately $38,000. Sei Investments Co. acquired a new position in Destination XL Group during the fourth quarter worth $76,000. Jane Street Group LLC grew its holdings in Destination XL Group by 19.7% in the 3rd quarter. Jane Street Group LLC now owns 64,253 shares of the company’s stock valued at $189,000 after buying an additional 10,562 shares in the last quarter. Barclays PLC increased its stake in shares of Destination XL Group by 270.2% in the 3rd quarter. Barclays PLC now owns 70,343 shares of the company’s stock worth $207,000 after acquiring an additional 51,341 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Destination XL Group by 69.6% during the 4th quarter. LPL Financial LLC now owns 79,701 shares of the company’s stock worth $214,000 after acquiring an additional 32,701 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Destination XL Group Stock Performance

DXLG opened at $1.58 on Thursday. The stock has a market capitalization of $84.57 million, a PE ratio of 10.53 and a beta of 1.15. Destination XL Group, Inc. has a one year low of $1.53 and a one year high of $3.93. The business’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.57.

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

Wall Street Analysts Forecast Growth

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