Destination XL Group (NASDAQ:DXLG) Given New $10.50 Price Target at Craig Hallum

Destination XL Group (NASDAQ:DXLGGet Rating) had its price target lifted by Craig Hallum to $10.50 in a research note published on Monday morning, Stock Target Advisor reports.

Separately, StockNews.com assumed coverage on shares of Destination XL Group in a research note on Wednesday, October 12th. They issued a buy rating on the stock.

Destination XL Group Stock Performance

DXLG stock opened at $7.10 on Monday. The company’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $5.52. Destination XL Group has a 52 week low of $3.27 and a 52 week high of $8.07. The company has a market capitalization of $438.50 million, a PE ratio of 5.26 and a beta of 1.54.

Destination XL Group (NASDAQ:DXLGGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $144.63 million for the quarter. Destination XL Group had a net margin of 16.94% and a return on equity of 59.46%.

Insider Transactions at Destination XL Group

In related news, CFO Peter H. Jr. Stratton sold 10,000 shares of Destination XL Group stock in a transaction on Friday, October 14th. The shares were sold at an average price of $5.78, for a total value of $57,800.00. Following the completion of the sale, the chief financial officer now owns 202,886 shares of the company’s stock, valued at approximately $1,172,681.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Destination XL Group news, CFO Peter H. Jr. Stratton sold 10,000 shares of Destination XL Group stock in a transaction on Friday, October 14th. The shares were sold at an average price of $5.78, for a total transaction of $57,800.00. Following the transaction, the chief financial officer now directly owns 202,886 shares of the company’s stock, valued at approximately $1,172,681.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John F. Cooney sold 30,000 shares of Destination XL Group stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $6.00, for a total value of $180,000.00. Following the sale, the chief accounting officer now owns 64,559 shares in the company, valued at $387,354. The disclosure for this sale can be found here. Insiders sold a total of 198,497 shares of company stock valued at $1,223,182 in the last quarter. 10.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Destination XL Group

Several hedge funds and other institutional investors have recently modified their holdings of DXLG. BlackRock Inc. grew its holdings in shares of Destination XL Group by 11.0% during the third quarter. BlackRock Inc. now owns 3,475,387 shares of the company’s stock worth $18,837,000 after purchasing an additional 345,512 shares in the last quarter. Wolf Hill Capital Management LP raised its holdings in Destination XL Group by 10.1% in the second 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. raised its holdings in Destination XL Group by 21.8% in the third 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 shares of Destination XL Group by 4.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,273,634 shares of the company’s stock worth $4,318,000 after acquiring an additional 58,961 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Destination XL Group by 44.9% in the first quarter. Acadian Asset Management LLC now owns 1,117,234 shares of the company’s stock worth $5,449,000 after acquiring an additional 346,414 shares during the last quarter. 62.60% of the stock is currently owned by institutional investors.

About Destination XL Group

(Get Rating)

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.

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