Destination XL Group (NASDAQ:DXLG) Raised to "Hold" at Wall Street Zen

Key Points

• Destination XL Group was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen in a research report issued on Monday.
• The company's stock opened at $1.49 and has experienced a 52-week trading range between $0.90 and $3.10.
• Institutional investors own 73.49% of Destination XL Group's stock, with several hedge funds increasing their positions recently.

Destination XL Group (NASDAQ:DXLG - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday.

Destination XL Group Stock Performance

Shares of NASDAQ:DXLG traded down $0.08 during midday trading on Monday, hitting $1.38. The company's stock had a trading volume of 132,527 shares, compared to its average volume of 197,889. The stock's 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.28. The stock has a market capitalization of $74.35 million, a price-to-earnings ratio of -15.33 and a beta of 1.20. Destination XL Group has a fifty-two week low of $0.90 and a fifty-two week high of $3.10.

Institutional Investors Weigh In On Destination XL Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its position in shares of Destination XL Group by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company's stock valued at $41,000 after purchasing an additional 4,967 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Destination XL Group by 43.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,334 shares of the company's stock valued at $63,000 after purchasing an additional 7,020 shares during the period. Bank of America Corp DE increased its position 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 during the period. SG Americas Securities LLC increased its position in shares of Destination XL Group by 0.9% during the second quarter. SG Americas Securities LLC now owns 1,002,301 shares of the company's stock valued at $1,113,000 after purchasing an additional 9,093 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Destination XL Group by 32.9% during the first quarter. Jane Street Group LLC now owns 63,044 shares of the company's stock valued at $92,000 after purchasing an additional 15,593 shares during the period. Institutional investors and hedge funds 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.