Destination XL Group Inc. (NASDAQ:DXLG) has earned an average rating of “Buy” from the six ratings firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.75.
A number of brokerages have issued reports on DXLG. Zacks Investment Research cut Destination XL Group from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Wunderlich assumed coverage on Destination XL Group in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $6.50 price target for the company.
Shares of Destination XL Group (NASDAQ:DXLG) traded down 0.23% on Wednesday, reaching $4.35. The company’s stock had a trading volume of 42,034 shares. The company’s 50-day moving average is $4.59 and its 200 day moving average is $4.90. The company’s market capitalization is $215.53 million. Destination XL Group has a 12-month low of $3.95 and a 12-month high of $6.25.
In other Destination XL Group news, Director Willem Mesdag purchased 62,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was purchased at an average price of $4.70 per share, for a total transaction of $291,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.35% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of DXLG. Rutabaga Capital Management LLC MA boosted its stake in Destination XL Group by 116.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,517,245 shares of the company’s stock worth $6,934,000 after buying an additional 817,582 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Destination XL Group during the second quarter worth approximately $2,382,000. Royal Bank of Canada boosted its stake in Destination XL Group by 3.4% in the first quarter. Royal Bank of Canada now owns 6,587,785 shares of the company’s stock worth $34,059,000 after buying an additional 215,786 shares during the period. GSA Capital Partners LLP purchased a new stake in Destination XL Group during the second quarter worth approximately $438,000. Finally, RMB Capital Management LLC boosted its stake in Destination XL Group by 13.4% in the second quarter. RMB Capital Management LLC now owns 638,111 shares of the company’s stock worth $2,916,000 after buying an additional 75,457 shares during the period. Institutional investors own 80.88% of the company’s stock.
About Destination XL Group
Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.
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