Destination XL Group (NASDAQ:DXLG) Price Target Increased to $9.00 by Analysts at DA Davidson

Destination XL Group (NASDAQ:DXLGGet Rating) had its price target lifted by DA Davidson to $9.00 in a research note published on Monday morning, Stock Target Advisor reports.

Other equities research analysts have also recently issued reports about the company. StockNews.com started coverage on Destination XL Group in a research note on Wednesday, October 12th. They issued a buy rating on the stock. Craig Hallum boosted their price objective on Destination XL Group to $10.50 in a report on Monday.

Destination XL Group Trading Up 1.7 %

NASDAQ DXLG opened at $7.10 on Monday. The company has a fifty day simple moving average of $6.24 and a 200 day simple moving average of $5.52. Destination XL Group has a 12-month low of $3.27 and a 12-month high of $8.07. The company has a market cap of $438.50 million, a P/E ratio of 5.26 and a beta of 1.54.

Destination XL Group (NASDAQ:DXLGGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $144.63 million for the quarter. Destination XL Group had a net margin of 16.94% and a return on equity of 59.46%.

Insider Buying and Selling at Destination XL Group

In related news, CFO Peter H. Jr. Stratton sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $5.78, for a total transaction of $57,800.00. Following the completion of the transaction, the chief financial officer now owns 202,886 shares in the company, valued at $1,172,681.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO John F. Cooney sold 30,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $6.00, for a total value of $180,000.00. Following the sale, the chief accounting officer now directly owns 64,559 shares of the company’s stock, valued at $387,354. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter H. Jr. Stratton sold 10,000 shares of the stock in a transaction on Friday, October 14th. The shares were sold at an average price of $5.78, for a total value of $57,800.00. Following the sale, the chief financial officer now directly owns 202,886 shares in the company, valued at $1,172,681.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,497 shares of company stock worth $1,223,182. 10.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Destination XL Group by 245.2% in the third quarter. UBS Group AG now owns 5,920 shares of the company’s stock worth $32,000 after buying an additional 4,205 shares during the period. SG Americas Securities LLC purchased a new position in Destination XL Group during the 2nd quarter valued at approximately $40,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Destination XL Group during the 2nd quarter valued at approximately $58,000. Brendel Financial Advisors LLC purchased a new position in Destination XL Group during the 1st quarter valued at approximately $62,000. Finally, McNamara Financial Services Inc. purchased a new position in Destination XL Group during the 3rd quarter valued at approximately $63,000. 62.60% of the stock is owned by hedge funds and other institutional investors.

About Destination XL Group

(Get Rating)

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.

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