Peak6 LLC Takes Position in Destination XL Group, Inc. (NASDAQ:DXLG)

Peak6 LLC acquired a new position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,691 shares of the company’s stock, valued at approximately $93,000. Peak6 LLC owned 0.06% of Destination XL Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Destination XL Group in the 4th quarter worth approximately $123,000. Barclays PLC increased its position in Destination XL Group by 14.6% in the 4th quarter. Barclays PLC now owns 80,598 shares of the company’s stock valued at $216,000 after acquiring an additional 10,255 shares during the period. Wells Fargo & Company MN raised its stake in Destination XL Group by 27.8% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its stake in Destination XL Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,235,802 shares of the company’s stock valued at $3,325,000 after acquiring an additional 4,261 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Destination XL Group by 69.6% during the 4th quarter. LPL Financial LLC now owns 79,701 shares of the company’s stock worth $214,000 after acquiring an additional 32,701 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on shares of Destination XL Group from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Friday, March 21st.

Destination XL Group Stock Down 7.5 %

NASDAQ:DXLG opened at $0.95 on Tuesday. Destination XL Group, Inc. has a 52-week low of $0.90 and a 52-week high of $3.93. The firm has a market cap of $50.98 million, a P/E ratio of 6.35 and a beta of 0.87. The business’s 50-day moving average price is $1.74 and its 200 day moving average price is $2.36.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $119.20 million for the quarter, compared to analysts’ expectations of $120.93 million. Destination XL Group had a return on equity of 7.21% and a net margin of 1.98%. Sell-side analysts expect that Destination XL Group, Inc. will post 0.08 EPS for the current year.

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.