Destination XL Group Inc (DXLG) Major Shareholder Cannell Capital Llc Buys 5,000 Shares of Stock

Destination XL Group Inc (NASDAQ:DXLG) major shareholder Cannell Capital Llc purchased 5,000 shares of Destination XL Group stock in a transaction dated Thursday, December 6th. The stock was bought at an average cost of $2.60 per share, with a total value of $13,000.00. The acquisition was disclosed in a 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.

Cannell Capital Llc also recently made the following trade(s):

  • On Tuesday, December 4th, Cannell Capital Llc purchased 298 shares of Destination XL Group stock. The stock was bought at an average cost of $2.53 per share, with a total value of $753.94.
  • On Monday, November 26th, Cannell Capital Llc purchased 400 shares of Destination XL Group stock. The stock was bought at an average cost of $2.52 per share, with a total value of $1,008.00.
  • On Wednesday, November 28th, Cannell Capital Llc bought 85,400 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.53 per share, with a total value of $216,062.00.
  • On Tuesday, November 20th, Cannell Capital Llc bought 5,400 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.52 per share, with a total value of $13,608.00.
  • On Friday, November 23rd, Cannell Capital Llc bought 5,900 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.52 per share, with a total value of $14,868.00.
  • On Thursday, October 11th, Cannell Capital Llc bought 2,300 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.50 per share, with a total value of $5,750.00.
  • On Monday, October 15th, Cannell Capital Llc bought 3,803 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.51 per share, with a total value of $9,545.53.
  • On Thursday, September 27th, Cannell Capital Llc bought 800 shares of Destination XL Group stock. The shares were acquired at an average cost of $2.56 per share, with a total value of $2,048.00.

DXLG stock traded down $0.03 on Friday, hitting $2.44. 83,282 shares of the company’s stock traded hands, compared to its average volume of 107,678. Destination XL Group Inc has a 1-year low of $1.45 and a 1-year high of $3.52. The firm has a market cap of $122.21 million, a PE ratio of -9.38 and a beta of 0.42. 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 (NASDAQ:DXLG) last released its earnings results on Friday, November 30th. The specialty retailer reported ($0.02) EPS for the quarter. Destination XL Group had a negative net margin of 2.01% and a negative return on equity of 8.36%. The business had revenue of $107.07 million for the quarter. As a group, sell-side analysts expect that Destination XL Group Inc will post -0.1 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in DXLG. Virginia National Bank acquired a new stake in shares of Destination XL Group during the third quarter valued at approximately $649,000. Roumell Asset Management LLC raised its holdings in shares of Destination XL Group by 15.5% during 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 during the period. ICM Asset Management Inc. WA raised its holdings in shares of Destination XL Group by 2.6% during the third quarter. ICM Asset Management Inc. WA now owns 1,692,827 shares of the specialty retailer’s stock valued at $4,232,000 after acquiring an additional 42,557 shares during the period. Cannell Capital LLC raised its holdings in shares of Destination XL Group by 28.7% during 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 during the period. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of Destination XL Group by 26.2% during 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 during the period. Institutional investors and hedge funds own 68.80% of the company’s stock.

Several research firms recently commented on DXLG. Lake Street Capital set a $4.00 target price on shares of Destination XL Group and gave the company a “buy” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of Destination XL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th.

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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. 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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