Destination XL Group Inc (DXLG) Major Shareholder Purchases $10,252.97 in Stock

Destination XL Group Inc (NASDAQ:DXLG) major shareholder Cannell Capital Llc acquired 4,151 shares of Destination XL Group stock in a transaction dated Monday, February 11th. The shares were purchased at an average price of $2.47 per share, for a total transaction of $10,252.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cannell Capital Llc also recently made the following trade(s):

  • On Thursday, February 7th, Cannell Capital Llc acquired 10 shares of Destination XL Group stock. The shares were purchased at an average price of $2.49 per share, for a total transaction of $24.90.
  • On Friday, January 25th, Cannell Capital Llc acquired 3,985 shares of Destination XL Group stock. The shares were purchased at an average price of $2.49 per share, for a total transaction of $9,922.65.
  • On Friday, January 11th, Cannell Capital Llc acquired 33,571 shares of Destination XL Group stock. The shares were purchased at an average price of $2.32 per share, for a total transaction of $77,884.72.
  • On Friday, December 28th, Cannell Capital Llc acquired 24,227 shares of Destination XL Group stock. The shares were purchased at an average price of $2.10 per share, for a total transaction of $50,876.70.
  • On Friday, December 28th, Cannell Capital Llc acquired 24,227 shares of Destination XL Group stock. The shares were purchased at an average price of $2.10 per share, for a total transaction of $50,876.70.
  • On Monday, December 24th, Cannell Capital Llc bought 7,859 shares of Destination XL Group stock. The shares were bought at an average price of $2.01 per share, with a total value of $15,796.59.
  • On Wednesday, December 26th, Cannell Capital Llc bought 9,384 shares of Destination XL Group stock. The shares were bought at an average price of $2.01 per share, with a total value of $18,861.84.
  • On Friday, December 14th, Cannell Capital Llc bought 55,500 shares of Destination XL Group stock. The shares were bought at an average price of $2.42 per share, with a total value of $134,310.00.
  • On Monday, December 10th, Cannell Capital Llc bought 10,856 shares of Destination XL Group stock. The shares were bought at an average price of $2.49 per share, with a total value of $27,031.44.
  • On Wednesday, December 12th, Cannell Capital Llc bought 51,931 shares of Destination XL Group stock. The shares were bought at an average price of $2.51 per share, with a total value of $130,346.81.

DXLG stock traded down $0.01 during trading on Monday, hitting $2.48. 24,331 shares of the company traded hands, compared to its average volume of 59,587. The stock has a market capitalization of $123.20 million, a PE ratio of -9.54 and a beta of 0.80. Destination XL Group Inc has a 1 year low of $1.45 and a 1 year high of $3.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.17 and a quick ratio of 0.17.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Friday, November 30th. The specialty retailer reported ($0.02) earnings per share for the quarter. The company had revenue of $107.07 million for the quarter. Destination XL Group had a negative net margin of 2.01% and a negative return on equity of 8.36%. Analysts anticipate that Destination XL Group Inc will post -0.1 EPS for the current year.

Separately, ValuEngine cut Destination XL Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th.

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its holdings in Destination XL Group by 1,976.1% in the 4th quarter. Acadian Asset Management LLC now owns 33,342 shares of the specialty retailer’s stock worth $72,000 after buying an additional 31,736 shares during the period. Virginia National Bank purchased a new stake in Destination XL Group in the 3rd quarter worth approximately $649,000. Signia Capital Management LLC purchased a new position in shares of Destination XL Group in the 4th quarter valued at approximately $1,745,000. Finally, ICM Asset Management Inc. WA lifted its stake in shares of Destination XL Group by 2.6% in the 3rd quarter. ICM Asset Management Inc. WA now owns 1,692,827 shares of the specialty retailer’s stock valued at $4,232,000 after purchasing an additional 42,557 shares during the period. Institutional investors own 66.80% of the company’s stock.

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Destination XL Group Company Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.

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