Destination XL Group Inc. (NASDAQ:DXLG) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.75.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Destination XL Group from a “hold” rating to a “sell” rating in a research report on Monday, August 29th. Wunderlich assumed coverage on Destination XL Group in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $6.50 price target for the company.

Destination XL Group (NASDAQ:DXLG) traded down 0.23% on Wednesday, reaching $4.35. The company had a trading volume of 42,034 shares. The stock’s 50-day moving average price is $4.59 and its 200-day moving average price is $4.90. The stock’s market capitalization is $215.53 million. Destination XL Group has a 12-month low of $3.95 and a 12-month high of $6.25.

In other Destination XL Group news, Director Willem Mesdag acquired 12,600 shares of Destination XL Group stock in a transaction on Tuesday, August 30th. The stock was purchased at an average price of $4.68 per share, for a total transaction of $58,968.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 30.35% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its position in Destination XL Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 36,700 shares of the company’s stock valued at $168,000 after buying an additional 1,100 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Destination XL Group by 7.4% in the second quarter. Oppenheimer & Co. Inc. now owns 43,300 shares of the company’s stock valued at $198,000 after buying an additional 3,000 shares during the last quarter. BlackRock Investment Management LLC increased its position in Destination XL Group by 3.0% in the second quarter. BlackRock Investment Management LLC now owns 140,661 shares of the company’s stock valued at $643,000 after buying an additional 4,111 shares during the last quarter. Creative Planning increased its position in Destination XL Group by 5.4% in the second quarter. Creative Planning now owns 97,125 shares of the company’s stock valued at $444,000 after buying an additional 5,000 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Destination XL Group by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,228,948 shares of the company’s stock valued at $5,616,000 after buying an additional 5,392 shares during the last quarter. Hedge funds and other institutional investors own 80.88% 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.

5 Day Chart for NASDAQ:DXLG

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