Rutabaga Capital Management LLC MA Increases Position in Destination XL Group, Inc. (DXLG)

Rutabaga Capital Management LLC MA increased its stake in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,714,154 shares of the specialty retailer’s stock after buying an additional 32,215 shares during the period. Rutabaga Capital Management LLC MA’s holdings in Destination XL Group were worth $4,885,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. boosted its position in Destination XL Group by 39.4% in the first quarter. Prescott Group Capital Management L.L.C. now owns 3,471,598 shares of the specialty retailer’s stock worth $9,894,000 after buying an additional 980,515 shares in the last quarter. Vanguard Group Inc. boosted its position in Destination XL Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,406,859 shares of the specialty retailer’s stock worth $4,010,000 after buying an additional 23,382 shares in the last quarter. Greenwood Investments Inc. boosted its position in 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 in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in Destination XL Group by 3.6% in the first quarter. Geode Capital Management LLC now owns 299,277 shares of the specialty retailer’s stock worth $852,000 after buying an additional 10,470 shares in the last quarter. 80.33% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

Destination XL Group, Inc. (DXLG) remained flat at $2.50 during midday trading on Friday. 376,568 shares of the stock traded hands. Destination XL Group, Inc. has a one year low of $1.95 and a one year high of $5.57. The stock’s market cap is $123.16 million. The firm’s 50-day moving average is $2.32 and its 200-day moving average is $3.03.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings results on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.24 million. Destination XL Group had a negative return on equity of 5.81% and a negative net margin of 1.90%. Destination XL Group’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Destination XL Group, Inc. will post ($0.11) EPS for the current fiscal year.

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Separately, Zacks Investment Research cut shares of Destination XL Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 25th.

Destination XL Group Company Profile

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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