Destination XL Group (NASDAQ:DXLG) Shares Down 2.2% - Here's What Happened

Key Points

• Destination XL Group's stock price decreased by 2.2%, closing at $1.33 after trading as low as $1.30 during the day.
• The company reported earnings per share (EPS) of ($0.04) for the last quarter, beating analysts' expectations, and had a revenue of $105.53 million.
• Institutional investors hold 73.49% of Destination XL Group's shares, indicating significant interest from large investors.

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report)'s share price dropped 2.2% during trading on Wednesday . The company traded as low as $1.30 and last traded at $1.33. Approximately 311,939 shares were traded during trading, an increase of 45% from the average daily volume of 214,813 shares. The stock had previously closed at $1.36.

Destination XL Group Trading Down 3.1%

The firm has a 50 day moving average price of $1.19 and a 200-day moving average price of $1.57. The firm has a market cap of $67.80 million, a PE ratio of -25.20 and a beta of 1.13.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $105.53 million for the quarter, compared to analyst estimates of $103.50 million. Destination XL Group had a negative return on equity of 0.26% and a negative net margin of 0.59%. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts forecast that Destination XL Group, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DXLG. American Century Companies Inc. grew its holdings in Destination XL Group by 6.0% during the fourth quarter. American Century Companies Inc. now owns 1,508,579 shares of the company's stock worth $4,058,000 after acquiring an additional 86,043 shares during the period. Geode Capital Management LLC grew its holdings in Destination XL Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company's stock worth $3,325,000 after acquiring an additional 4,261 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in Destination XL Group by 8.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,217,985 shares of the company's stock worth $1,778,000 after acquiring an additional 90,215 shares during the period. Long Focus Capital Management LLC grew its holdings in Destination XL Group by 13.7% during the first quarter. Long Focus Capital Management LLC now owns 498,042 shares of the company's stock worth $727,000 after acquiring an additional 60,000 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in Destination XL Group by 19.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 438,340 shares of the company's stock worth $1,179,000 after acquiring an additional 69,952 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.