Prescott Group Capital Management L.L.C. Makes New $1.59 Million Investment in Destination XL Group, Inc. $DXLG

Prescott Group Capital Management L.L.C. bought a new position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,728,439 shares of the company’s stock, valued at approximately $1,589,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of 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 worth $48,000 after buying an additional 8,404 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Destination XL Group in the second quarter worth about $72,000. Qube Research & Technologies Ltd purchased a new stake in shares of Destination XL Group in the second quarter worth about $84,000. Jane Street Group LLC lifted its holdings in shares of Destination XL Group by 32.9% in the first quarter. Jane Street Group LLC now owns 63,044 shares of the company’s stock worth $92,000 after buying an additional 15,593 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Destination XL Group in the third quarter worth about $97,000. 73.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and issued a $1.50 price target on shares of Destination XL Group in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1.50.

Destination XL Group Trading Up 3.3%

Shares of Destination XL Group stock opened at $0.71 on Thursday. The company’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.75. The company has a market cap of $38.79 million, a price-to-earnings ratio of -1.07 and a beta of 1.23. Destination XL Group, Inc. has a 12-month low of $0.44 and a 12-month high of $1.69.

Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Thursday, March 19th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $112.10 million during the quarter, compared to analysts’ expectations of $112.32 million. Destination XL Group had a negative net margin of 8.25% and a negative return on equity of 8.96%.

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.