Destination XL Group, Inc. (NASDAQ:DXLG) Short Interest Up 16.2% in May

Destination XL Group, Inc. (NASDAQ:DXLG) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 5,030,000 shares, an increase of 16.2% from the May 15th total of 4,330,000 shares. Approximately 9.5% of the shares of the company are sold short. Based on an average daily trading volume, of 264,300 shares, the short-interest ratio is currently 19.0 days.

Destination XL Group Stock Up 1.7 %

Shares of NASDAQ DXLG opened at $3.62 on Tuesday. The stock has a market capitalization of $210.79 million, a PE ratio of 9.53 and a beta of 1.29. The firm has a fifty day moving average of $3.42 and a 200-day moving average of $3.78. Destination XL Group has a 52-week low of $3.01 and a 52-week high of $5.36.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.10 earnings per share (EPS) for the quarter. Destination XL Group had a return on equity of 19.45% and a net margin of 4.82%. The firm had revenue of $137.14 million during the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DXLG. StockNews.com downgraded shares of Destination XL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Craig Hallum dropped their price objective on shares of Destination XL Group from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, May 31st.

Insider Transactions at Destination XL Group

In related news, major shareholder Fund 1 Investments, Llc sold 225,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total transaction of $708,750.00. Following the transaction, the insider now owns 5,691,577 shares of the company’s stock, valued at $17,928,467.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Destination XL Group

Institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd increased its holdings in Destination XL Group by 34.7% in the third quarter. WINTON GROUP Ltd now owns 55,208 shares of the company’s stock valued at $247,000 after buying an additional 14,210 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Destination XL Group by 58.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 212,132 shares of the company’s stock valued at $950,000 after acquiring an additional 77,853 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Destination XL Group during the 3rd quarter valued at approximately $148,000. Diversified Trust Co bought a new position in Destination XL Group during the fourth quarter worth $69,000. Finally, SG Americas Securities LLC boosted its holdings in Destination XL Group by 24.3% in the fourth quarter. SG Americas Securities LLC now owns 31,056 shares of the company’s stock worth $137,000 after purchasing an additional 6,066 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Destination XL Group Company 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.