Destination XL Group, Inc. (NASDAQ:DXLG) CAO John F. Cooney Sells 13,000 Shares

Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating) CAO John F. Cooney sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $7.25, for a total value of $94,250.00. Following the sale, the chief accounting officer now directly owns 54,559 shares in the company, valued at $395,552.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Destination XL Group Trading Up 0.8 %

DXLG traded up $0.06 during trading on Tuesday, hitting $7.20. The company’s stock had a trading volume of 453,712 shares, compared to its average volume of 595,747. Destination XL Group, Inc. has a twelve month low of $3.27 and a twelve month high of $7.28. The business’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $6.18. The firm has a market capitalization of $444.64 million, a price-to-earnings ratio of 5.33 and a beta of 1.49.

Destination XL Group (NASDAQ:DXLG – Get Rating) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.16 EPS for the quarter. Destination XL Group had a return on equity of 59.46% and a net margin of 16.94%. The company had revenue of $129.67 million for the quarter.

Hedge Funds Weigh In On Destination XL Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Destination XL Group by 11.0% in the third quarter. BlackRock Inc. now owns 3,475,387 shares of the company’s stock valued at $18,837,000 after acquiring an additional 345,512 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in Destination XL Group by 10.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 3,441,654 shares of the company’s stock worth $11,667,000 after purchasing an additional 314,500 shares in the last quarter. Vanguard Group Inc. grew its stake in Destination XL Group by 21.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,962,535 shares of the company’s stock worth $16,057,000 after purchasing an additional 531,228 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in Destination XL Group by 4.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,273,634 shares of the company’s stock worth $4,318,000 after purchasing an additional 58,961 shares in the last quarter. Finally, State Street Corp grew its stake in Destination XL Group by 23.1% during the 3rd quarter. State Street Corp now owns 738,120 shares of the company’s stock worth $4,001,000 after purchasing an additional 138,431 shares in the last quarter. Hedge funds and other institutional investors own 67.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DXLG. DA Davidson raised their target price on Destination XL Group to $9.00 in a report on Monday, November 21st. StockNews.com raised Destination XL Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. Finally, Craig Hallum raised their target price on Destination XL Group to $10.50 in a report on Monday, November 21st.

About Destination XL Group

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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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.