Millennium Management LLC Has $399,000 Holdings in Destination XL Group (DXLG)

Millennium Management LLC cut its stake in shares of Destination XL Group (NASDAQ:DXLG) by 66.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,139 shares of the specialty retailer’s stock after selling 357,133 shares during the quarter. Millennium Management LLC owned approximately 0.37% of Destination XL Group worth $399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Glenhill Advisors LLC lifted its holdings in shares of Destination XL Group by 26.7% during the fourth quarter. Glenhill Advisors LLC now owns 6,162,640 shares of the specialty retailer’s stock valued at $13,558,000 after acquiring an additional 1,298,749 shares during the period. Roumell Asset Management LLC bought a new position in shares of Destination XL Group during the fourth quarter valued at $1,774,000. Brandywine Global Investment Management LLC bought a new position in shares of Destination XL Group during the fourth quarter valued at $937,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Destination XL Group during the fourth quarter valued at $231,000. 82.66% of the stock is owned by institutional investors.

Destination XL Group stock opened at $1.57 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.15. Destination XL Group has a 12-month low of $1.50 and a 12-month high of $1.50.

Destination XL Group (NASDAQ:DXLG) last released its quarterly earnings results on Friday, March 23rd. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Destination XL Group had a negative return on equity of 15.85% and a negative net margin of 4.02%. The business had revenue of $135.52 million during the quarter.

In other Destination XL Group news, Director Willem Mesdag purchased 28,300 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was acquired at an average cost of $1.73 per share, with a total value of $48,959.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Seymour Holtzman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was acquired at an average cost of $1.68 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 4,196,064 shares of the company’s stock, valued at $7,049,387.52. The disclosure for this purchase can be found here. Insiders purchased 63,300 shares of company stock valued at $108,559 over the last ninety days. 31.46% of the stock is currently owned by company insiders.

Separately, ValuEngine raised Destination XL Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

Destination XL Group Company Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel in the United States and England. Its stores offer sportswear and dresswear; shoes; accessories, such as belts, ties, socks; fashion-neutral items, including jeans, casual slacks, tee-shirts, polo shirts, dress shirts, and suit separates; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.

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

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