Destination XL Group (NASDAQ:DXLG) Upgraded 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 equities research analysts at 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 Price Performance

DXLG stock opened at $1.49 on Monday. Destination XL Group has a 52-week low of $0.90 and a 52-week high of $3.10. The company has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.29. The stock has a market capitalization of $80.28 million, a price-to-earnings ratio of -16.56 and a beta of 1.20.

Institutional Investors Weigh In On Destination XL Group

A number of hedge funds have recently bought and sold shares of DXLG. Quadrature Capital Ltd acquired a new position in shares of Destination XL Group during the second quarter valued at about $38,000. ProShare Advisors LLC raised 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 buying an additional 4,967 shares during the last quarter. Bank of America Corp DE raised 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 buying an additional 8,404 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Destination XL Group during the second quarter valued at about $62,000. Finally, Price T Rowe Associates Inc. MD raised 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 buying an additional 7,020 shares during the last quarter. 73.49% of the stock is currently owned by institutional investors.

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.

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