105,009 Shares in Destination XL Group (DXLG) Acquired by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC acquired a new stake in shares of Destination XL Group (NASDAQ:DXLG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 105,009 shares of the specialty retailer’s stock, valued at approximately $231,000. Stone Ridge Asset Management LLC owned 0.22% of Destination XL Group at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DXLG. Brandywine Global Investment Management LLC bought a new stake in shares of Destination XL Group during the 4th quarter valued at $937,000. Russell Investments Group Ltd. raised its position in shares of Destination XL Group by 51.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 585,963 shares of the specialty retailer’s stock valued at $1,113,000 after purchasing an additional 199,101 shares during the period. Roumell Asset Management LLC bought a new stake in shares of Destination XL Group during the 4th quarter valued at $1,774,000. Finally, Glenhill Advisors LLC raised its position in shares of Destination XL Group by 26.7% during the 4th quarter. Glenhill Advisors LLC now owns 6,162,640 shares of the specialty retailer’s stock valued at $13,558,000 after purchasing an additional 1,298,749 shares during the period. Hedge funds and other institutional investors own 82.17% of the company’s stock.

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Shares of DXLG stock opened at $1.70 on Friday. Destination XL Group has a one year low of $1.46 and a one year high of $2.85. The company has a current ratio of 1.11, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings data on Friday, March 23rd. The specialty retailer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $135.52 million for the quarter. Destination XL Group had a negative net margin of 4.02% and a negative return on equity of 15.85%.

Separately, ValuEngine downgraded shares of Destination XL Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

In related news, Director Seymour Holtzman purchased 20,000 shares of Destination XL Group stock in a transaction on Monday, April 2nd. The shares were bought at an average cost of $1.68 per share, for a total transaction of $33,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Sahal S. Laher sold 16,667 shares of Destination XL Group stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $1.95, for a total transaction of $32,500.65. Following the completion of the sale, the senior vice president now owns 33,333 shares in the company, valued at $64,999.35. The disclosure for this sale can be found here. 31.46% of the stock is owned by company insiders.

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About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel in the United States and England. Its stores offer sportswear and dresswear; shoes; accessories, such as belts, ties, socks; fashion-neutral items, including jeans, casual slacks, tee-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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Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

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