Destination XL Group Inc (DXLG) : Coliseum Capital Management has sold out all of its stake in Destination XL Group Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 85,754 shares of Destination XL Group Inc which is valued at $403,044.
Other Hedge Funds, Including , D. E. Shaw reduced its stake in DXLG by selling 18,079 shares or 15.13% in the most recent quarter. The Hedge Fund company now holds 101,434 shares of DXLG which is valued at $476,740.Rutabaga Capital Managementma boosted its stake in DXLG in the latest quarter, The investment management firm added 164,694 additional shares and now holds a total of 1,681,939 shares of Destination XL Group Inc which is valued at $7,568,726. Destination XL Group Inc makes up approx 1.40% of Rutabaga Capital Managementma’s portfolio. Acrospire Investment Management added DXLG to its portfolio by purchasing 15,785 company shares during the most recent quarter which is valued at $71,033. Destination XL Group Inc makes up approx 0.05% of Acrospire Investment Management’s portfolio.Blackrock Investment Management reduced its stake in DXLG by selling 352 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 140,309 shares of DXLG which is valued at $589,298.Essex Investment Management Co reduced its stake in DXLG by selling 2,630 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 112,167 shares of DXLG which is valued at $443,060. Destination XL Group Inc makes up approx 0.08% of Essex Investment Management Co’s portfolio.
Destination XL Group Inc closed down -0.65 points or -13.40% at $4.2 with 1,35,424 shares getting traded on Monday. Post opening the session at $4.55, the shares hit an intraday low of $4.05 and an intraday high of $4.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Destination XL Group Inc reported $-0.05 EPS for the quarter, based on the information available during the earnings call on Nov 18, 2016. Analyst had a consensus estimate of $-0.05. The company had revenue of $101.90 million for the quarter, compared to analysts expectations of $103.66 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Destination XL Group Inc. along with its subsidiaries is a specialty retailer of big & tall men’s apparel with retail and direct operations in the United States and London England. The Company operates under the trade names of Destination XL DXL Casual Male XL Casual Male XL Outlets DXL Outlets Rochester Clothing ShoesXL and LivingXL. It operates approximately 138 Destination XL stores 157 Casual Male XL retail stores 48 Casual Male XL outlet stores two DXL outlet stores and eight Rochester Clothing stores. Its direct business includes its DestinationXL.com and bigandtall.com e-commerce sites which support its stores brands and product extensions. It carries brands such as Bogosse Brooks Brothers Gran Sasso John Laing Remy Jack & Jokers Psycho Bunny Derek Rose Brioni Coppley Eton and Hickey Freeman among others.