Destination XL Group (NASDAQ:DXLG) Given "Sell (D)" Rating at Weiss Ratings

Key Points

• Weiss Ratings reaffirmed a "sell (D)" rating for Destination XL Group (NASDAQ:DXLG), indicating a bearish outlook on the stock.
• In contrast, Wall Street Zen upgraded the stock from "sell" to "hold," suggesting mixed sentiments among analysts.
• Destination XL Group's stock is currently priced at $1.09, reflecting a 0.9% decline, with an average target price of $2.50.

Destination XL Group (NASDAQ:DXLG - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Destination XL Group from a "sell" rating to a "hold" rating in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.50.

Destination XL Group Stock Down 0.9%

NASDAQ:DXLG traded down $0.01 during trading hours on Friday, hitting $1.09. 37,876 shares of the stock traded hands, compared to its average volume of 60,718. Destination XL Group has a 1 year low of $0.90 and a 1 year high of $3.10. The company has a market cap of $58.73 million, a price-to-earnings ratio of -12.11 and a beta of 1.09. The stock has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.19.

Hedge Funds Weigh In On Destination XL Group

Several hedge funds have recently modified their holdings of DXLG. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Destination XL Group by 8.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,217,985 shares of the company's stock worth $1,778,000 after buying an additional 90,215 shares in the last quarter. Nuveen LLC purchased a new position in shares of Destination XL Group in the first quarter worth $271,000. Long Focus Capital Management LLC lifted its holdings in shares of Destination XL Group by 13.7% in the first quarter. Long Focus Capital Management LLC now owns 498,042 shares of the company's stock worth $727,000 after buying an additional 60,000 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Destination XL Group by 32.9% in the first quarter. Jane Street Group LLC now owns 63,044 shares of the company's stock worth $92,000 after buying an additional 15,593 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Destination XL Group in the second quarter worth $62,000. Hedge funds and other institutional investors own 73.49% of the company's stock.

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.

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