Destination XL Group Inc. (NASDAQ:DXLG)‘s stock had its “buy” rating reiterated by equities researchers at Lake Street Capital in a research note issued on Friday.

Several other research firms have also commented on DXLG. Wunderlich assumed coverage on shares of Destination XL Group in a research note on Tuesday, August 2nd. They set a “buy” rating and a $6.50 target price for the company. Zacks Investment Research lowered shares of Destination XL Group from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $7.00.

Shares of Destination XL Group (NASDAQ:DXLG) traded down 1.22% on Friday, reaching $4.05. 129,362 shares of the company were exchanged. Destination XL Group has a 12-month low of $3.90 and a 12-month high of $5.88. The firm’s market capitalization is $200.67 million. The stock’s 50-day moving average is $4.34 and its 200 day moving average is $4.70.

Destination XL Group (NASDAQ:DXLG) last released its earnings results on Friday, November 18th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Destination XL Group had a negative net margin of 1.20% and a negative return on equity of 3.51%. The business earned $101.90 million during the quarter, compared to analyst estimates of $103.66 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Destination XL Group will post ($0.03) EPS for the current year.

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

Several large investors have recently modified their holdings of DXLG. Royal Bank of Canada increased its stake in shares of Destination XL Group by 3.4% in the first quarter. Royal Bank of Canada now owns 6,587,785 shares of the company’s stock valued at $34,059,000 after buying an additional 215,786 shares during the period. Creative Planning increased its stake in shares of 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 period. Punch & Associates Investment Management Inc. increased its stake in shares of Destination XL Group by 0.4% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,849,745 shares of the company’s stock valued at $8,453,000 after buying an additional 8,181 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Destination XL Group by 9.3% in the second quarter. Bank of New York Mellon Corp now owns 141,849 shares of the company’s stock valued at $648,000 after buying an additional 12,035 shares during the period. Finally, RMB Capital Management LLC increased its stake in shares of Destination XL Group by 13.4% in the second quarter. RMB Capital Management LLC now owns 638,111 shares of the company’s stock valued at $2,916,000 after buying an additional 75,457 shares during the period. Institutional investors and hedge funds own 79.48% 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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