Fund 1 Investments LLC Purchases Shares of 5,758,261 Destination XL Group, Inc. $DXLG

Fund 1 Investments LLC acquired a new position in Destination XL Group, Inc. (NASDAQ:DXLG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,758,261 shares of the company’s stock, valued at approximately $3,858,000. Destination XL Group comprises 0.6% of Fund 1 Investments LLC’s investment portfolio, making the stock its 26th biggest holding. Fund 1 Investments LLC owned about 10.42% of Destination XL Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DXLG. Bank of America Corp DE boosted its position in Destination XL Group by 24.4% in 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. XTX Topco Ltd purchased a new position in Destination XL Group during the 2nd quarter worth approximately $72,000. Qube Research & Technologies Ltd acquired a new stake in Destination XL Group during the 2nd quarter valued at approximately $84,000. Jane Street Group LLC lifted its stake in Destination XL Group by 32.9% during the 1st quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock valued at $92,000 after acquiring an additional 15,593 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Destination XL Group by 64.8% in the 3rd quarter. Two Sigma Investments LP now owns 136,703 shares of the company’s stock valued at $179,000 after acquiring an additional 53,773 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Analysts Set New Price Targets

DXLG has been the topic of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $1.50 price objective on shares of Destination XL Group in a research note on Thursday, June 4th. Weiss Ratings downgraded shares of Destination XL Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1.50.

Destination XL Group Trading Up 1.6%

Shares of NASDAQ:DXLG opened at $0.63 on Thursday. Destination XL Group, Inc. has a 12-month low of $0.43 and a 12-month high of $1.58. The business has a 50 day moving average of $0.62 and a two-hundred day moving average of $0.61. The company has a market capitalization of $34.82 million, a PE ratio of -0.86 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). Destination XL Group had a negative net margin of 9.22% and a negative return on equity of 10.88%. The business had revenue of $103.33 million for the quarter, compared to analysts’ expectations of $105.63 million.

Destination XL Group Profile

Destination XL Group, Inc (NASDAQ: DXLG) is a specialty retailer focused on big and tall men’s apparel and accessories. Operating under its flagship DXL and Casual Male XL banners, the company offers an assortment of men’s clothing in larger sizes, including suits, dress shirts, casual wear, outerwear, activewear and underwear. In addition to its brick-and-mortar stores, Destination XL maintains a significant omnichannel presence through its e-commerce platform and direct mail catalog, enabling customers to shop for extended-size apparel across North America.

Founded in 1976 and headquartered in Canton, Massachusetts, the company began its operations as Casual Male XL and over time evolved its retail concept to the Destination XL format, which emphasizes an elevated, destination-style shopping experience.