Destination XL Group (NASDAQ:DXLG) Cut to Hold at ValuEngine

Destination XL Group (NASDAQ:DXLG) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday, ValuEngine reports.

Shares of NASDAQ:DXLG opened at $0.88 on Friday. The business’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $1.43. The stock has a market cap of $51.85 million, a PE ratio of -2.51 and a beta of 0.77. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.13 and a current ratio of 0.90. Destination XL Group has a one year low of $0.87 and a one year high of $2.80.

Destination XL Group (NASDAQ:DXLG) last announced its earnings results on Friday, November 22nd. The specialty retailer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). The company had revenue of $106.58 million for the quarter. Destination XL Group had a negative net margin of 3.68% and a negative return on equity of 10.75%.

In other Destination XL Group news, Director Lionel F. Conacher acquired 42,016 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were acquired at an average price of $1.19 per share, for a total transaction of $49,999.04. Following the completion of the acquisition, the director now directly owns 117,446 shares of the company’s stock, valued at $139,760.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Seymour Holtzman acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $1.32 per share, for a total transaction of $26,400.00. Following the acquisition, the director now directly owns 4,417,424 shares of the company’s stock, valued at $5,830,999.68. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 107,516 shares of company stock worth $128,614. 29.10% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Destination XL Group during the fourth quarter worth $78,000. Renaissance Technologies LLC boosted its holdings in shares of Destination XL Group by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 215,288 shares of the specialty retailer’s stock worth $276,000 after purchasing an additional 50,226 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Destination XL Group by 1.7% during the second quarter. BlackRock Inc. now owns 1,005,909 shares of the specialty retailer’s stock worth $1,771,000 after purchasing an additional 16,461 shares during the last quarter. Finally, Signia Capital Management LLC boosted its holdings in shares of Destination XL Group by 22.8% during the fourth quarter. Signia Capital Management LLC now owns 2,576,230 shares of the specialty retailer’s stock worth $3,297,000 after purchasing an additional 478,515 shares during the last quarter. Institutional investors and hedge funds own 62.67% of the company’s stock.

Destination XL Group Company Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

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