Destination XL Group (NASDAQ:DXLG) Rating Lowered to Sell at Wall Street Zen

Key Points

• The stock rating for Destination XL Group (NASDAQ:DXLG) has been downgraded from a "hold" to a "sell" by Wall Street Zen.
• Currently, Destination XL Group shares are trading at $1.24, with a 52-week range between $0.90 and $3.10.
• Institutional investors now own approximately 73.49% of Destination XL Group, indicating significant institutional interest in the company.

Destination XL Group (NASDAQ:DXLG - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

Destination XL Group Stock Up 7.2%

DXLG stock traded up $0.10 during midday trading on Friday, reaching $1.49. 79,617 shares of the company's stock traded hands, compared to its average volume of 223,437. The company has a market cap of $80.28 million, a price-to-earnings ratio of -16.56 and a beta of 1.20. The firm's fifty day moving average price is $1.30 and its 200-day moving average price is $1.30. Destination XL Group has a 52 week low of $0.90 and a 52 week high of $3.10.

Institutional Trading of Destination XL Group

Several institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in shares of Destination XL Group by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 15,091 shares of the company's stock worth $41,000 after buying an additional 4,967 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Destination XL Group by 43.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company's stock worth $63,000 after buying an additional 7,020 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 buying an additional 6,850 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Destination XL Group in the fourth quarter worth about $86,000. Finally, Quadrature Capital Ltd bought a new position in shares of Destination XL Group in the second quarter worth approximately $38,000. 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.