Connor Clark & Lunn Investment Management Ltd. Takes Position in Destination XL Group, Inc. (NASDAQ:DXLG)

Posted by on Jun 6th, 2023

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,291 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds also recently modified their holdings of the company. UBS Group AG increased its stake in shares of Destination XL Group by 245.2% in the 3rd quarter. UBS Group AG now owns 5,920 shares of the company’s stock valued at $32,000 after acquiring an additional 4,205 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Destination XL Group in the 4th quarter valued at $61,000. Lazard Asset Management LLC bought a new stake in shares of Destination XL Group in the 3rd quarter valued at $65,000. Quantbot Technologies LP increased its stake in Destination XL Group by 1,535.5% during the 1st quarter. Quantbot Technologies LP now owns 14,311 shares of the company’s stock valued at $69,000 after purchasing an additional 13,436 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Destination XL Group during the 2nd quarter valued at $77,000. Institutional investors own 67.97% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Destination XL Group from a “buy” rating to a “hold” rating in a research note on Friday, May 26th.

Insiders Place Their Bets

In other Destination XL Group news, major shareholder Awm Investment Company, Inc. sold 26,677 shares of Destination XL Group stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $6.19, for a total transaction of $165,130.63. Following the transaction, the insider now directly owns 9,399,297 shares of the company’s stock, valued at approximately $58,181,648.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Destination XL Group news, major shareholder Awm Investment Company, Inc. sold 26,677 shares of Destination XL Group stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $6.19, for a total transaction of $165,130.63. Following the transaction, the insider now directly owns 9,399,297 shares of the company’s stock, valued at approximately $58,181,648.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony Gaeta sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $6.25, for a total transaction of $62,500.00. Following the completion of the transaction, the insider now directly owns 133,711 shares in the company, valued at $835,693.75. The disclosure for this sale can be found here. Insiders own 10.60% of the company’s stock.

Destination XL Group Trading Up 1.8 %

Shares of DXLG stock opened at $4.49 on Tuesday. The firm has a market capitalization of $282.40 million, a PE ratio of 3.59 and a beta of 1.38. The firm has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $5.82. Destination XL Group, Inc. has a 12 month low of $3.27 and a 12 month high of $7.57.

Destination XL Group (NASDAQ:DXLG – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The company reported $0.13 EPS for the quarter. The business had revenue of $143.88 million during the quarter. Destination XL Group had a net margin of 15.21% and a return on equity of 35.76%.

Destination XL Group Profile

(Get Rating)

Destination XL Group, Inc is engaged in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men’s Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets.

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Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

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