Destination XL Group (NASDAQ:DXLG) Shares Up 1.9% - Here's What Happened

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report)'s stock price traded up 1.9% on Monday . The company traded as high as $1.12 and last traded at $1.07. 103,436 shares changed hands during trading, an increase of 70% from the average session volume of 60,823 shares. The stock had previously closed at $1.05.

Analyst Ratings Changes

A number of equities analysts have issued reports on DXLG shares. Weiss Ratings reissued a "sell (d)" rating on shares of Destination XL Group in a report on Wednesday, October 8th. Wall Street Zen raised 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.50.

Destination XL Group Trading Up 1.9%

The firm's 50-day simple moving average is $1.28 and its 200 day simple moving average is $1.19. The stock has a market cap of $57.65 million, a P/E ratio of -11.89 and a beta of 1.09.

Institutional Trading of Destination XL Group

Hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC grew its stake in shares of Destination XL Group by 7.2% in the second quarter. Bridgeway Capital Management LLC now owns 413,038 shares of the company's stock worth $458,000 after purchasing an additional 27,651 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Destination XL Group by 24.4% during the second quarter. Bank of America Corp DE now owns 42,894 shares of the company's stock valued at $48,000 after purchasing an additional 8,404 shares in the last quarter. Nantahala Capital Management LLC acquired a new stake in Destination XL Group in the second quarter worth about $2,860,000. RBF Capital LLC bought a new position in Destination XL Group in the 2nd quarter valued at about $222,000. Finally, Qube Research & Technologies Ltd acquired a new position in Destination XL Group during the 2nd quarter valued at about $84,000. 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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