Investors are a little more bearish on the company lately if you look at the increase in short interest. The stock recorded a rise in short interest of 13.24% as of the latest report on October 13, 2017. Short interest increased 699,408 over that period. The short-interest ratio decreased to 31.0 and the percentage of shorted shares was 0.12% on October 13.
These funds have shifted positions in (DXLG). As of quarter end Citigroup Inc had bought a total of 10,999 shares growing its holdings by 58.1%. The value of the investment in DXLG increased from $44,000 to $57,000 increasing 29.5% quarter to quarter. White Pine Capital LLC reduced its holdings by selling 33,020 shares a decrease of 6.9%. White Pine Capital LLC now controls 448,099 shares worth $851,000. The value of the position overall is down by 24.8%.
As of the end of the quarter Rutabaga Capital Management LLC/ma had disposed of 554,637 shares trimming its stake by 35.7%. The value of the total investment in Destination XL Grp went from $3,656,000 to $1,902,000 a change of 48.0% since the last quarter. As of the end of the quarter Dimensional Fund Advisors Lp had sold 232,961 shares trimming its position 12.9%. The value of the company’s investment in Destination XL Grp went from $4,254,000 to $2,997,000 a change of $1,257,000 for the reporting period.
The company is now down by 2.50% since yesterday’s close of 2. The company currently has a P/E ratio of N/A and market capitalization is 94.88M. In the last earnings report the EPS was $-0.25 with 48.66M shares outstanding.
Destination XL Group, Inc., launched on January 29, 1976, is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. 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. The Company operates approximately 170 Destination XL stores, 125 Casual Male XL retail stores, 40 Casual Male XL outlet stores, nine DXL outlet stores and five Rochester Clothing stores. Its direct business includes its DestinationXL.com and bigandtall.com e-commerce sites, which support its stores, brands and product extensions. The Company operates as an omni-channel retailer. Through its multiple brands, which include both branded apparel and private-label, the Company offers a range of merchandise. The Company carries various designer brands, including Cole Haan, Allen Edmonds, Timberland, Calvin Klein, Lacoste, Donald J. Pliner and Bruno Magli..