Pleasant Lake Partners LLC recently announced the acquisition of new stake in Destination XL Group Inc (NASDAQ:DXLG). The institutional investor has increased its shareholding in the Consumer Cyclical company by 12.27% to 2.14 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 3.56% valued currently at $9.44 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.27 million to 1.69 million shares. And Royce & Associates LP has lifted its position by 14.39% or 0.19 million shares – to 1.5 million shares.
With over 0.47 million Destination XL Group Inc (DXLG) shares trading Friday and a closing price of $4.01 on the day, the dollar volume was approximately $1.89 million. The shares have shown a negative half year performance of -15.04% and its price on 01/12/24 lost nearly -0.25%. Currently, there are 62.60M common shares owned by the public and among those 53.05M shares have been available to trade.
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Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 53 of these insider trades were purchases, accounting for 596,117 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 363,471 shares.
The top 3 mutual fund holders in Destination XL Group Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Avantis US Small Cap Value ETF. Vanguard Total Stock Market ETF owns 1.65 million shares of the company’s stock, all valued at over $7.24 million. iShares Russell 2000 ETF sold 3906.0 shares to see its total holdings shrink to 1.48 million shares valued at over $6.5 million and representing 2.45% of the shares outstanding. Avantis US Small Cap Value ETF bought 2875.0 shares to bring its total holdings to over 0.79 million shares at a value of $3.49 million. Avantis US Small Cap Value ETF now owns shares totaling to 1.32% of the shares outstanding.
Shares of Destination XL Group Inc (NASDAQ: DXLG) opened at $4.06, up $0.04 from a prior closing price of $4.02. However, the script later moved the day high at 4.1250, down -0.25%. The company’s stock has a 5-day price change of 0.25% and -3.37% over the past three months. DXLG shares are trading -8.86% year to date (YTD), with the 12-month market performance down to -42.63% lower. It has a 12-month low price of $3.63 and touched a high of $7.57 over the same period. DXLG has an average intraday trading volume of 430.46K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.92%, -5.84%, and -11.94% respectively.
Institutional ownership of Destination XL Group Inc (NASDAQ: DXLG) shares accounts for 79.65% of the company’s 62.60M shares outstanding. Mutual fund holders own 56.43%, while other institutional holders and individual stakeholders account for 59.94% and 23.24% respectively.
It has a market capitalization of $241.32M and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 8.50, while the earnings-per-share (ttm) stands at $0.47. The company has a PEG of 0.57 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.34% over the week and 5.14% over the month.
Analysts forecast that Destination XL Group Inc (DXLG) will achieve an EPS of $0.06 for the current quarter, $0.03 for the next quarter and $0.3 for 2025. The lowest estimate earnings-per-share for the quarter is $0.05 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.76%, and -35.11% over the next financial year.
Looking at the support for the DXLG, a number of firms have released research notes about the stock. Craig Hallum stated their Hold rating for the stock in a research note on November 20, 2023, with the firm’s price target at $4.50.
