Destination XL Group, Inc. (DXLG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Destination XL Group, Inc. (NASDAQ:DXLG) by 28.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,863 shares of the specialty retailer’s stock after selling 38,634 shares during the quarter. Bank of New York Mellon Corp owned about 0.19% of Destination XL Group worth $225,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. ICM Asset Management Inc. WA grew its stake in shares of Destination XL Group by 4.6% in the second quarter. ICM Asset Management Inc. WA now owns 573,026 shares of the specialty retailer’s stock valued at $1,347,000 after buying an additional 25,420 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Destination XL Group by 35.9% in the second quarter. Essex Investment Management Co. LLC now owns 224,652 shares of the specialty retailer’s stock valued at $528,000 after buying an additional 59,366 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Destination XL Group in the second quarter valued at about $363,000. Russell Investments Group Ltd. grew its stake in shares of Destination XL Group by 72.6% in the second quarter. Russell Investments Group Ltd. now owns 386,862 shares of the specialty retailer’s stock valued at $909,000 after buying an additional 162,752 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Destination XL Group by 55.0% in the second quarter. Boston Partners now owns 520,445 shares of the specialty retailer’s stock valued at $1,224,000 after buying an additional 184,600 shares in the last quarter. Institutional investors and hedge funds own 76.79% of the company’s stock.

A number of equities research analysts have recently issued reports on DXLG shares. Zacks Investment Research upgraded Destination XL Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. FBR & Co reiterated an “outperform” rating and issued a $3.00 target price on shares of Destination XL Group in a research note on Tuesday, July 11th.

Shares of Destination XL Group, Inc. (NASDAQ DXLG) opened at $2.03 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.19 and a current ratio of 1.13. Destination XL Group, Inc. has a 12 month low of $1.46 and a 12 month high of $5.00.

Destination XL Group (NASDAQ:DXLG) last posted its earnings results on Thursday, August 24th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Destination XL Group had a negative net margin of 2.75% and a negative return on equity of 8.87%. The company had revenue of $121.13 million during the quarter, compared to analyst estimates of $123.57 million. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Destination XL Group, Inc. will post -0.19 EPS for the current fiscal year.

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Destination XL Group 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.

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

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