Wells Fargo & Company MN Sells 91,582 Shares of Destination XL Group, Inc. (NASDAQ:DXLG)

Wells Fargo & Company MN decreased its position in Destination XL Group, Inc. (NASDAQ:DXLG) by 56.1% during the first quarter, Holdings Channel reports. The firm owned 71,792 shares of the specialty retailer’s stock after selling 91,582 shares during the period. Wells Fargo & Company MN’s holdings in Destination XL Group were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of Destination XL Group by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 62,242 shares of the specialty retailer’s stock worth $265,000 after buying an additional 5,953 shares during the period. State Street Corp raised its stake in shares of Destination XL Group by 3.1% in the fourth quarter. State Street Corp now owns 556,658 shares of the specialty retailer’s stock worth $2,368,000 after buying an additional 16,944 shares during the period. ICM Asset Management Inc. WA raised its stake in shares of Destination XL Group by 13.4% in the fourth quarter. ICM Asset Management Inc. WA now owns 277,710 shares of the specialty retailer’s stock worth $1,180,000 after buying an additional 32,790 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Destination XL Group by 32.1% in the first quarter. Essex Investment Management Co. LLC now owns 165,286 shares of the specialty retailer’s stock worth $471,000 after buying an additional 40,146 shares during the period. Finally, Greenwood Investments Inc. raised its stake in shares of Destination XL Group by 4.1% in the fourth quarter. Greenwood Investments Inc. now owns 1,276,439 shares of the specialty retailer’s stock worth $5,425,000 after buying an additional 50,000 shares during the period. Institutional investors own 78.76% of the company’s stock.

Shares of Destination XL Group, Inc. (NASDAQ DXLG) opened at 1.90 on Friday. Destination XL Group, Inc. has a 52 week low of $1.85 and a 52 week high of $5.57. The firm’s 50-day moving average is $2.30 and its 200-day moving average is $2.70. The stock’s market capitalization is $93.60 million.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings data on Friday, May 19th. The specialty retailer reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.24 million. Destination XL Group had a negative return on equity of 5.81% and a negative net margin of 1.90%. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Destination XL Group, Inc. will post ($0.11) EPS for the current fiscal year.

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A number of analysts have issued reports on the stock. FBR & Co reiterated an “outperform” rating and set a $3.00 price target on shares of Destination XL Group in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Destination XL Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Destination XL Group presently has an average rating of “Buy” and an average target price of $4.75.

In other news, Director Seymour Holtzman acquired 25,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were bought at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the acquisition, the director now directly owns 4,196,064 shares in the company, valued at approximately $8,601,931.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 31.46% of the company’s stock.

About Destination XL Group

Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.

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