Destination XL Group (NASDAQ:DXLG) Rating Increased to Hold at Wall Street Zen

Key Points

• Destination XL Group (NASDAQ:DXLG) has been upgraded by Wall Street Zen from a "strong sell" rating to a "hold" rating.
• The company reported a quarterly earnings per share (EPS) of ($0.04), surpassing the consensus estimate of ($0.06) by $0.02.
• Institutional investors own 73.49% of Destination XL Group's stock, with multiple firms recently increasing their positions in the company.

Wall Street Zen upgraded shares of Destination XL Group (NASDAQ:DXLG - Free Report) from a strong sell rating to a hold rating in a research report report published on Saturday morning.

Destination XL Group Price Performance

NASDAQ:DXLG traded down $0.03 on Friday, reaching $1.31. 91,012 shares of the company's stock were exchanged, compared to its average volume of 278,148. The firm has a market cap of $70.31 million, a price-to-earnings ratio of -14.50 and a beta of 1.20. Destination XL Group has a 52 week low of $0.90 and a 52 week high of $3.10. The stock has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.35.

Hedge Funds Weigh In On Destination XL Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its position in shares of Destination XL Group by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,091 shares of the company's stock valued at $41,000 after acquiring an additional 4,967 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 valued at $63,000 after acquiring an additional 7,020 shares during the period. Wells Fargo & Company MN boosted 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 valued at $85,000 after acquiring an additional 6,850 shares during the period. Squarepoint Ops LLC bought a new position in shares of Destination XL Group in the fourth quarter valued at approximately $86,000. Finally, Quadrature Capital Ltd bought a new position in shares of Destination XL Group in the second quarter valued at approximately $38,000. Institutional investors 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.