Destination XL Group (NASDAQ:DXLG) Trading Down 4.1% - Time to Sell?

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) shares were down 4.1% during mid-day trading on Tuesday . The company traded as low as $1.17 and last traded at $1.17. Approximately 159,146 shares changed hands during trading, a decline of 49% from the average daily volume of 315,011 shares. The stock had previously closed at $1.22.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price objective on shares of 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 Price Performance

The business's 50-day moving average price is $1.10 and its two-hundred day moving average price is $1.74. The firm has a market cap of $64.84 million, a price-to-earnings ratio of -23.90 and a beta of 0.93.

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

Institutional Trading of Destination XL Group

Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in shares of Destination XL Group by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company's stock valued at $41,000 after buying an additional 4,967 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Destination XL Group by 43.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company's stock valued at $63,000 after buying an additional 7,020 shares during the period. Intech Investment Management LLC grew its stake in shares of Destination XL Group by 84.0% during the 4th quarter. Intech Investment Management LLC now owns 23,922 shares of the company's stock valued at $64,000 after buying an additional 10,923 shares during the period. Sei Investments Co. purchased a new stake in Destination XL Group during the fourth quarter worth approximately $76,000. Finally, Wells Fargo & Company MN increased its position in shares of Destination XL Group by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 31,451 shares of the company's stock worth $85,000 after acquiring an additional 6,850 shares in the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

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.