Punch Associates Investment Management buys $9,359,710 stake in Destination XL Group Inc (DXLG)

Destination XL Group Inc (DXLG) : Punch Associates Investment Management scooped up 8,181 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 Jul 15, 2016. The investment management firm now holds a total of 1,849,745 shares of Destination XL Group Inc which is valued at $9,359,710.Destination XL Group Inc makes up approximately 1.04% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in DXLG in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 97,125 shares of Destination XL Group Inc which is valued at $487,568. Cutler Group Lp added DXLG to its portfolio by purchasing 1,500 company shares during the most recent quarter which is valued at $7,530.Bnp Paribas Arbitrage Sa boosted its stake in DXLG in the latest quarter, The investment management firm added 1,167 additional shares and now holds a total of 1,416 shares of Destination XL Group Inc which is valued at $7,278.

Destination XL Group Inc opened for trading at $5.02 and hit $5.08 on the upside on Monday, eventually ending the session at $5.06, with a gain of 1.20% or 0.06 points. The heightened volatility saw the trading volume jump to 46,993 shares. Company has a market cap of $257 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.

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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