Insider Selling: Destination XL Group (DXLG) SVP Sells 16,667 Shares of Stock

Destination XL Group (NASDAQ:DXLG) SVP Sahal S. Laher sold 16,667 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $1.95, for a total value of $32,500.65. Following the transaction, the senior vice president now directly owns 33,333 shares in the company, valued at $64,999.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:DXLG opened at $1.75 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.11 and a quick ratio of 0.17. Destination XL Group has a twelve month low of $1.46 and a twelve month high of $3.00.

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Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Friday, March 23rd. The specialty retailer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Destination XL Group had a negative return on equity of 15.85% and a negative net margin of 4.02%. The company had revenue of $135.52 million for the quarter.

Separately, ValuEngine raised Destination XL Group from a “strong sell” rating to a “sell” rating in a research report on Monday, December 4th.

Several large investors have recently modified their holdings of the company. ICM Asset Management Inc. WA raised its position in shares of Destination XL Group by 28.5% during the fourth quarter. ICM Asset Management Inc. WA now owns 1,289,166 shares of the specialty retailer’s stock worth $2,836,000 after purchasing an additional 285,634 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Destination XL Group during the fourth quarter worth approximately $231,000. Brandywine Global Investment Management LLC purchased a new stake in Destination XL Group in the 4th quarter valued at $937,000. Glenhill Advisors LLC raised its position in Destination XL Group by 26.7% in the 4th quarter. Glenhill Advisors LLC now owns 6,162,640 shares of the specialty retailer’s stock valued at $13,558,000 after buying an additional 1,298,749 shares during the last quarter. Finally, Roumell Asset Management LLC purchased a new stake in Destination XL Group in the 4th quarter valued at $1,774,000. 82.17% of the stock is currently owned by institutional investors.

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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 in the United States and England. Its stores offer sportswear and dresswear; shoes; accessories, such as belts, ties, socks; fashion-neutral items, including jeans, casual slacks, tee-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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