Red Mountain Capital Partners buys $38,178,333 stake in Destination XL Group Inc (DXLG)

Destination XL Group Inc (DXLG) : Red Mountain Capital Partners scooped up 22,771 additional shares in Destination XL Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,545,125 shares of Destination XL Group Inc which is valued at $38,178,333.Destination XL Group Inc makes up approximately 8.93% of Red Mountain Capital Partners’s portfolio.

Other Hedge Funds, Including , First Wilshire Securities Management Inc reduced its stake in DXLG by selling 65,709 shares or 20.81% in the most recent quarter. The Hedge Fund company now holds 250,064 shares of DXLG which is valued at $1,265,324. Destination XL Group Inc makes up approx 0.37% of First Wilshire Securities Management Inc’s portfolio. Nuveen Fund Advisors sold out all of its stake in DXLG during the most recent quarter. The investment firm sold 127,000 shares of DXLG which is valued $642,620.Greenwood Investments reduced its stake in DXLG by selling 238,583 shares or 10.91% in the most recent quarter. The Hedge Fund company now holds 1,948,029 shares of DXLG which is valued at $9,857,027. Destination XL Group Inc makes up approx 17.98% of Greenwood Investments’s portfolio.Blackrock Advisors boosted its stake in DXLG in the latest quarter, The investment management firm added 247 additional shares and now holds a total of 20,369 shares of Destination XL Group Inc which is valued at $103,067.Rmb Capital Management boosted its stake in DXLG in the latest quarter, The investment management firm added 75,457 additional shares and now holds a total of 638,111 shares of Destination XL Group Inc which is valued at $3,069,314. Destination XL Group Inc makes up approx 0.21% of Rmb Capital Management’s portfolio.

Destination XL Group Inc opened for trading at $4.63 and hit $4.72 on the upside on Thursday, eventually ending the session at $4.69, with a gain of 1.30% or 0.06 points. The heightened volatility saw the trading volume jump to 95,357 shares. Company has a market cap of $239 M.

On the company’s financial health, Destination XL Group Inc reported $-0.02 EPS for the quarter, based on the information available during the earnings call on Mar 18, 2016. Analyst had a consensus estimate of $-0.02. The company had revenue of $124.00 million for the quarter, compared to analysts expectations of $124.01 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Destination XL Group Inc. Wunderlich Initiated Destination XL Group Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $6.50.

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.

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