Destination XL Group's (DXLG) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D)" rating for Destination XL Group (DXLG) amid ongoing concerns regarding the company's performance.
• In contrast, Wall Street Zen upgraded its rating on DXLG from "sell" to "hold," suggesting a varying outlook among analysts.
• Destination XL Group's stock is currently trading at $1.20, with an average price target of $2.50 according to MarketBeat.com.

Destination XL Group (NASDAQ:DXLG - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Destination XL Group from a "sell" rating to a "hold" rating in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $2.50.

Destination XL Group Stock Up 1.3%

NASDAQ:DXLG traded up $0.02 during trading hours on Wednesday, hitting $1.20. 37,040 shares of the stock were exchanged, compared to its average volume of 73,752. The company's 50 day moving average is $1.31 and its two-hundred day moving average is $1.22. Destination XL Group has a twelve month low of $0.90 and a twelve month high of $3.10. The company has a market capitalization of $64.39 million, a P/E ratio of -13.28 and a beta of 1.09.

Institutional Trading of Destination XL Group

A number of large investors have recently made changes to their positions in DXLG. Nantahala Capital Management LLC bought a new stake in shares of Destination XL Group in the 2nd quarter valued at $2,860,000. RBF Capital LLC bought a new stake in shares of Destination XL Group in the 2nd quarter valued at $222,000. Nuveen LLC bought a new stake in shares of Destination XL Group in the 1st quarter valued at $271,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Destination XL Group in the 2nd quarter valued at $206,000. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Destination XL Group by 8.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,217,985 shares of the company's stock valued at $1,778,000 after buying an additional 90,215 shares in the last quarter. 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.

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