Destination XL Group, Inc. (NASDAQ:DXLG) Short Interest Down 15.0% in March

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 3,120,000 shares, a drop of 15.0% from the March 15th total of 3,670,000 shares. Approximately 6.5% of the shares of the stock are short sold. Based on an average trading volume of 228,000 shares, the days-to-cover ratio is currently 13.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Destination XL Group by 270.2% during the third quarter. Barclays PLC now owns 70,343 shares of the company's stock worth $207,000 after buying an additional 51,341 shares during the last quarter. State Street Corp grew its holdings in Destination XL Group by 0.6% during the 3rd quarter. State Street Corp now owns 1,058,907 shares of the company's stock worth $3,113,000 after acquiring an additional 6,300 shares during the period. Sei Investments Co. bought a new position in shares of Destination XL Group in the 4th quarter worth about $76,000. American Century Companies Inc. lifted its stake in shares of Destination XL Group by 6.0% in the 4th quarter. American Century Companies Inc. now owns 1,508,579 shares of the company's stock valued at $4,058,000 after purchasing an additional 86,043 shares during the period. Finally, Intech Investment Management LLC grew its stake in Destination XL Group by 84.0% during the fourth quarter. Intech Investment Management LLC now owns 23,922 shares of the company's stock worth $64,000 after purchasing an additional 10,923 shares during the period. Institutional investors own 73.49% of the company's stock.

Destination XL Group Stock Performance

Shares of NASDAQ:DXLG traded up $0.01 during mid-day trading on Friday, reaching $0.98. 309,202 shares of the company's stock were exchanged, compared to its average volume of 290,575. The firm has a market capitalization of $52.46 million, a price-to-earnings ratio of 6.53 and a beta of 0.87. Destination XL Group has a twelve month low of $0.90 and a twelve month high of $3.93. The business's fifty day moving average price is $1.62 and its 200-day moving average price is $2.31.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $120.93 million. Analysts predict that Destination XL Group will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson dropped their target price on Destination XL Group from $3.00 to $2.50 and set a "buy" rating for the company in a research report on Friday, March 21st.

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.