1 day Ago By ABMN Staff
Destination XL Group, Inc. ( NASDAQ:DXLG – Get Free Report ) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,770,000 shares, a growth of 10.
7% from the August 15th total of 5,210,000 shares. Currently, 10.9% of the company’s stock are sold short.
Based on an average daily volume of 336,600 shares, the days-to-cover ratio is presently 17.1 days. Destination XL Group Stock Performance Shares of DXLG traded up $0.
09 during mid-day trading on Wednesday, reaching $2.90. 167,879 shares of the company’s stock traded hands, compared to its average volume of 307,719.
The business’s 50-day moving average price is $3.11 and its 200-day moving average price is $3.35.
The stock has a market capitalization of $168.88 million, a P/E ratio of 7.42 and a beta of 1.
29. Destination XL Group has a 12 month low of $2.19 and a 12 month high of $4.
90. Destination XL Group ( NASDAQ:DXLG – Get Free Report ) last announced its earnings results on Thursday, August 29th. The company reported $0.
04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05).
Destination XL Group had a return on equity of 11.10% and a net margin of 3.11%.
The firm had revenue of $124.82 million for the quarter. Wall Street Analyst Weigh In View Our Latest Stock Analysis on DXLG Hedge Funds Weigh In On Destination XL Group Institutional investors and hedge funds have recently added to or reduced their stakes in the company.
BNP Paribas Financial Markets grew its holdings in shares of Destination XL Group by 81.1% during the 1st quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company’s stock valued at $102,000 after acquiring an additional 12,656 shares in the last quarter.
Empowered Funds LLC lifted its stake in shares of Destination XL Group by 8.1% in the 1st quarter. Empowered Funds LLC now owns 55,808 shares of the company’s stock valued at $201,000 after purchasing an additional 4,200 shares during the last quarter.
GSA Capital Partners LLP lifted its stake in shares of Destination XL Group by 60.5% in the 1st quarter. GSA Capital Partners LLP now owns 253,516 shares of the company’s stock valued at $913,000 after purchasing an additional 95,606 shares during the last quarter.
Bank of New York Mellon Corp lifted its stake in shares of Destination XL Group by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company’s stock valued at $1,282,000 after purchasing an additional 23,835 shares during the last quarter.
Finally, Panagora Asset Management Inc. lifted its stake in shares of Destination XL Group by 26.6% in the 4th quarter.
Panagora Asset Management Inc. now owns 307,811 shares of the company’s stock valued at $1,354,000 after purchasing an additional 64,583 shares during the last quarter. 73.
49% of the stock is currently owned by hedge funds and other institutional investors. Destination XL Group Company Profile ( Get Free Report ) 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. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.
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