Destination XL Group Inc (DXLG) Major Shareholder Prescott Group Capital Managem Sells 100,000 Shares of Stock

Destination XL Group Inc (NASDAQ:DXLG) major shareholder Prescott Group Capital Managem sold 100,000 shares of the business’s stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $2.69, for a total transaction of $269,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of DXLG stock opened at $3.11 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.17 and a quick ratio of 0.19. Destination XL Group Inc has a 12 month low of $1.45 and a 12 month high of $3.15.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $122.21 million during the quarter. Destination XL Group had a negative net margin of 2.81% and a negative return on equity of 11.69%. On average, equities research analysts forecast that Destination XL Group Inc will post -0.15 EPS for the current year.

Several hedge funds have recently modified their holdings of DXLG. Prescott Group Capital Management L.L.C. boosted its stake in Destination XL Group by 26.2% in the second quarter. Prescott Group Capital Management L.L.C. now owns 6,013,025 shares of the specialty retailer’s stock valued at $13,529,000 after acquiring an additional 1,250,000 shares in the last quarter. Cannell Capital LLC boosted its stake in Destination XL Group by 28.7% in the second quarter. Cannell Capital LLC now owns 4,690,579 shares of the specialty retailer’s stock valued at $10,554,000 after acquiring an additional 1,047,192 shares in the last quarter. ICM Asset Management Inc. WA boosted its stake in Destination XL Group by 9.7% in the second quarter. ICM Asset Management Inc. WA now owns 1,650,270 shares of the specialty retailer’s stock valued at $3,713,000 after acquiring an additional 145,389 shares in the last quarter. Finally, Roumell Asset Management LLC boosted its stake in Destination XL Group by 15.5% in the second quarter. Roumell Asset Management LLC now owns 938,936 shares of the specialty retailer’s stock valued at $2,113,000 after acquiring an additional 126,306 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

Separately, Lake Street Capital set a $4.00 target price on shares of Destination XL Group and gave the stock a “buy” rating in a research note on Thursday, August 30th.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-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.

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Insider Buying and Selling by Quarter for Destination XL Group (NASDAQ:DXLG)

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