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

Destination XL Group, Inc. (NASDAQ:DXLGGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 5,030,000 shares, a growth of 16.2% from the May 15th total of 4,330,000 shares. Based on an average daily volume of 264,300 shares, the days-to-cover ratio is presently 19.0 days. Currently, 9.5% of the shares of the stock are short sold.

Destination XL Group Stock Performance

NASDAQ DXLG opened at $3.62 on Tuesday. Destination XL Group has a 52 week low of $3.01 and a 52 week high of $5.36. The stock’s 50 day moving average price is $3.42 and its two-hundred day moving average price is $3.78. The stock has a market capitalization of $210.79 million, a price-to-earnings ratio of 9.53 and a beta of 1.29.

Destination XL Group (NASDAQ:DXLGGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.10 EPS for the quarter. The business had revenue of $137.14 million for the quarter. Destination XL Group had a net margin of 4.82% and a return on equity of 19.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DXLG. StockNews.com cut shares of Destination XL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Craig Hallum reduced their target price 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.

View Our Latest Stock Report on Destination XL Group

Insider Activity at Destination XL Group

In other Destination XL Group 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 approximately $17,928,467.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Destination XL Group

Hedge funds have recently bought and sold shares of the stock. Fund 1 Investments LLC lifted its holdings in shares of Destination XL Group by 144.3% during the fourth quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock worth $23,052,000 after buying an additional 3,094,183 shares in the last quarter. GSA Capital Partners LLP raised its stake in Destination XL Group by 60.5% in the 1st quarter. GSA Capital Partners LLP now owns 253,516 shares of the company’s stock worth $913,000 after purchasing an additional 95,606 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 purchasing an additional 77,853 shares during the period. Panagora Asset Management Inc. grew its position in shares of Destination XL Group by 26.6% during the 4th quarter. Panagora Asset Management Inc. now owns 307,811 shares of the company’s stock worth $1,354,000 after purchasing an additional 64,583 shares in the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Destination XL Group during the third quarter worth approximately $148,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.

About Destination XL Group

(Get Free Report)

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.

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