Awm Investment Company, Inc., a major shareholder in Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating), sold 34,228 shares in the company in a transaction on Wednesday, January 11. The shares sold at an average price of $7.05, with a total transaction value of $241,307.40. Following the closing of the sale, Insiders now directly own 9,552,402 shares of the Company’s stock valued at $67,344,434.10. The transaction is disclosed in legal filings with the SEC and is available on the SEC’s website. A major shareholder who owns more than his 10% of a company’s shares is required to disclose transactions with the SEC.
Awm Investment Company, Inc. also recently completed the following transactions:
- On Monday, November 28, Awm Investment Company, Inc. sold 8,804 shares in Destination XL Group. The shares sold for an average of $7.21 for a total of $63,476.84.
- On Friday, November 25, Awm Investment Company, Inc. sold 75,000 shares in Destination XL Group. The shares sold for an average of $7.16 for a total of $537,000.00.
- On Wednesday, November 23rd, Awm Investment Company, Inc. sold 50,000 shares in Destination XL Group. The shares sold for an average of $7.13 for a total of $356,500.00.
Stock performance of Destination XL Group
Shares of DXLG climbed $0.04 to reach $6.99 during Friday’s trading. 633,655 shares of the company were traded, with an average turnover of 629,973 shares. The company has a market capitalization of $431.67 million, a price/earnings ratio of 5.15 and a beta of 1.49. His 50-day simple moving average for this business is $6.61 and his 200-day simple moving average is $6.06. Destination XL Group, Inc. has a 12-month low of $3.27 and a 12-month high of $7.24.
Destination XL Group (NASDAQ:DXLG – Get Rating) last reported quarterly results on Thursday, November 17th. The company reported earnings of $0.16 per share for his quarter. Revenue for the business in the quarter was $129.67 million. Destination XL Group’s net profit margin was 16.94% and return on equity was 59.46%.
Wall Street analyst opinion
Several research analysts publish reports on stocks. StockNews.com upgraded Destination XL Group’s stock from a ‘hold’ rating to a ‘buy’ rating in a report on Tuesday. Craig Hallum raised his stock price target for Destination XL Group to $10.50 in a research note on Monday, Nov. 21. Finally, DA Davidson raised his stock price target for Destination XL Group to $9.00 in a report on Monday, Nov. 21.
Hedge Fund Joins Destination XL Group
Recently, many large investors have changed their positions in DXLG. BlackRock Inc. increased his stake in Destination XL Group by 11.0% in the third quarter. BlackRock Inc. now owns 3,475,387 shares worth $18,837,000 after purchasing an additional 345,512 of his shares during the previous quarter. Wolf Hill Capital Management LP increased its stake in Destination XL Group by 10.1% in the second quarter. Wolf Hill Capital Management LP now owns 3,441,654 shares worth $11,667,000 after purchasing an additional 314,500 shares during this period. Vanguard Group Inc. increased its stake in Destination XL Group by 21.8% in the third quarter. Vanguard Group Inc. now owns 2,962,535 shares worth $16,057,000 after purchasing an additional 531,228 shares in the previous quarter. Pacific Ridge Capital Partners LLC increased its stake in Destination XL Group by 4.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,273,634 shares worth $4,318,000 after purchasing an additional 58,961 shares during the previous quarter. Finally, State Street Corp increased its position in the Destination XL Group by 23.1% in the third quarter. State Street Corp now owns 738,120 shares worth $4,001,000 after purchasing an additional 138,431 shares last quarter. 67.97% of the shares are owned by institutional investors and hedge funds.
Destination XL Group Company Profile
Destination XL Group, Inc., along with its subsidiaries, operates as a specialty retailer of large and tall men’s clothing and shoes in the United States and Canada. The store offers sportswear and dresswear. Jeans, casual slacks, t-shirts, polo shirts, dress shirts, suit separates, and more fashion neutral pieces. and casual wear.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to firstname.lastname@example.org.
Listen to this before you consider Destination XL Group.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Destination XL Group is not on the list was.
The Destination XL group currently has a ‘hold’ rating among analysts, but top analysts believe these five stocks are better buys.
See 5 stocks here