Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) major shareholder Fund 1 Investments, Llc sold 225,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total value of $708,750.00. Following the transaction, the insider now owns 5,691,577 shares of the company's stock, valued at $17,928,467.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Destination XL Group Price Performance
Shares of NASDAQ:DXLG opened at $3.24 on Friday. The stock's 50 day moving average price is $3.53 and its 200 day moving average price is $3.96. The stock has a market cap of $187.89 million, a price-to-earnings ratio of 7.53 and a beta of 1.37. Destination XL Group, Inc. has a 12 month low of $3.12 and a 12 month high of $5.36.
Destination XL Group (NASDAQ:DXLG - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.10 EPS for the quarter. The company had revenue of $137.14 million for the quarter. Destination XL Group had a return on equity of 21.84% and a net margin of 5.34%.
Analyst Upgrades and Downgrades
Shocking $16T Elon Musk Crypto Leak
From Crypto 101 Media | Ad
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market.
Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account."
Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Click here now to get your copy.
Separately, StockNews.com raised shares of Destination XL Group from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th.
View Our Latest Research Report on Destination XL Group
Hedge Funds Weigh In On Destination XL Group
Several large investors have recently made changes to their positions in the business. Diversified Trust Co acquired a new stake in Destination XL Group during the fourth quarter valued at approximately $69,000. BNP Paribas Financial Markets lifted its position in shares of Destination XL Group by 81.1% during the 1st quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company's stock valued at $102,000 after acquiring an additional 12,656 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Destination XL Group by 46.5% during the 3rd quarter. Principal Financial Group Inc. now owns 24,486 shares of the company's stock worth $110,000 after acquiring an additional 7,774 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Destination XL Group in the 3rd quarter worth $112,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Destination XL Group during the third quarter worth $148,000. Institutional investors own 73.49% of the company's stock.
Destination XL Group Company Profile
(
Get Free Report)
Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
