Los Angeles Capital Management LLC Buys 6,300 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

Los Angeles Capital Management LLC boosted its stake in Destination XL Group, Inc. (NASDAQ:DXLG) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,626 shares of the company’s stock after acquiring an additional 6,300 shares during the period. Los Angeles Capital Management LLC owned 0.15% of Destination XL Group worth $261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in Destination XL Group by 81.1% in the first quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company’s stock valued at $102,000 after purchasing an additional 12,656 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Destination XL Group by 8.1% in the first quarter. Empowered Funds LLC now owns 55,808 shares of the company’s stock valued at $201,000 after buying an additional 4,200 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Destination XL Group during the 3rd quarter valued at $327,000. Bank of New York Mellon Corp grew its stake in shares of Destination XL Group by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock worth $1,282,000 after acquiring an additional 23,835 shares during the period. Finally, Long Focus Capital Management LLC increased its holdings in Destination XL Group by 19.0% in the 2nd quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company’s stock worth $1,594,000 after acquiring an additional 70,000 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DXLG has been the topic of several recent research reports. StockNews.com downgraded shares of Destination XL Group from a “buy” rating to a “hold” rating in a report on Friday, October 4th. DA Davidson cut their price objective on shares of Destination XL Group from $6.00 to $4.00 and set a “buy” rating for the company in a report on Friday, August 30th.

Destination XL Group Stock Performance

Shares of DXLG opened at $2.80 on Tuesday. Destination XL Group, Inc. has a 52-week low of $2.19 and a 52-week high of $4.76. The stock’s 50-day simple moving average is $2.81 and its 200 day simple moving average is $3.15. The stock has a market capitalization of $163.13 million, a price-to-earnings ratio of 11.67 and a beta of 1.32.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $124.82 million during the quarter. Destination XL Group had a return on equity of 11.10% and a net margin of 3.11%.

About Destination XL Group

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.