Tearsheet

Destination XL (DXLG)


Market Price (3/14/2026): $0.485 | Market Cap: $26.4 Mil
Sector: Consumer Discretionary | Industry: Apparel Retail

Destination XL (DXLG)


Market Price (3/14/2026): $0.485
Market Cap: $26.4 Mil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62%
Weak multi-year price returns
2Y Excs Rtn is -119%, 3Y Excs Rtn is -162%
Penny stock
Mkt Price is 0.5
1 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.0%
2   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.1%, Rev Chg QQuarterly Revenue Change % is -5.2%
4   Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6%
5   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33%
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62%
1 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
2 Weak multi-year price returns
2Y Excs Rtn is -119%, 3Y Excs Rtn is -162%
3 Penny stock
Mkt Price is 0.5
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.0%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.1%, Rev Chg QQuarterly Revenue Change % is -5.2%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Destination XL (DXLG) stock has lost about 50% since 11/30/2025 because of the following key factors:

1. Deteriorating Financial Performance in Q3 2025.

Destination XL Group reported a significant decline in its third-quarter fiscal 2025 results, announced on December 11, 2025. Total sales for the quarter were $101.9 million, marking a 5.2% decrease from $107.5 million in the third quarter of fiscal 2024. Comparable sales also fell by 7.4% year-over-year. The company posted a net loss of $4.1 million, or $(0.08) per diluted share, missing analyst estimates of $(0.05) per share by $0.03. Furthermore, revenue missed estimates by approximately $5.37 million. This weak performance signaled underlying operational challenges.

2. Disappointing Holiday Sales Amidst Challenging Retail Environment.

The company's struggles continued into the crucial holiday shopping period. Destination XL Group reported a 5.8% decrease in comparable sales for the nine-week holiday period ending January 3, 2026. This included a 7.2% decline in comparable store sales, although the direct business showed a smaller decrease of 2.8%. Total sales for the holiday period reached $89.9 million, down from $94.7 million in the prior year. The company attributed these results to a "difficult environment, especially in the Big + Tall sector, with continued pressure on discretionary spending."

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Stock Movement Drivers

Fundamental Drivers

The -49.7% change in DXLG stock from 11/30/2025 to 3/13/2026 was primarily driven by a -48.6% change in the company's P/S Multiple.
(LTM values as of)113020253132026Change
Stock Price ($)0.970.49-49.7%
Change Contribution By: 
Total Revenues ($ Mil)448442-1.3%
P/S Multiple0.10.1-48.6%
Shares Outstanding (Mil)5454-1.0%
Cumulative Contribution-49.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
DXLG-49.7% 
Market (SPY)-3.1%18.9%
Sector (XLY)-6.2%16.3%

Fundamental Drivers

The -62.0% change in DXLG stock from 8/31/2025 to 3/13/2026 was primarily driven by a -61.2% change in the company's P/S Multiple.
(LTM values as of)83120253132026Change
Stock Price ($)1.290.49-62.0%
Change Contribution By: 
Total Revenues ($ Mil)448442-1.3%
P/S Multiple0.20.1-61.2%
Shares Outstanding (Mil)5454-1.0%
Cumulative Contribution-62.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
DXLG-62.0% 
Market (SPY)3.0%20.0%
Sector (XLY)-4.2%17.7%

Fundamental Drivers

The -78.6% change in DXLG stock from 2/28/2025 to 3/13/2026 was primarily driven by a -77.7% change in the company's P/S Multiple.
(LTM values as of)22820253132026Change
Stock Price ($)2.290.49-78.6%
Change Contribution By: 
Total Revenues ($ Mil)485442-8.8%
P/S Multiple0.30.1-77.7%
Shares Outstanding (Mil)57545.1%
Cumulative Contribution-78.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
DXLG-78.6% 
Market (SPY)12.4%21.8%
Sector (XLY)3.4%27.0%

Fundamental Drivers

The -91.8% change in DXLG stock from 2/28/2023 to 3/13/2026 was primarily driven by a -91.3% change in the company's P/S Multiple.
(LTM values as of)22820233132026Change
Stock Price ($)5.980.49-91.8%
Change Contribution By: 
Total Revenues ($ Mil)535442-17.4%
P/S Multiple0.70.1-91.3%
Shares Outstanding (Mil)625414.1%
Cumulative Contribution-91.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
DXLG-91.8% 
Market (SPY)73.4%26.8%
Sector (XLY)56.0%30.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DXLG Return2572%19%-35%-39%-66%-47%130%
Peers Return42%-44%22%-15%6%-10%-21%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
DXLG Win Rate25%50%33%42%33%0% 
Peers Win Rate58%35%48%40%47%27% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
DXLG Max Drawdown0%-40%-45%-50%-68%-47% 
Peers Max Drawdown-7%-55%-23%-32%-45%-13% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DLTH, M, KSS, LE, PVH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventDXLGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-61.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven161.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-83.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven506.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven261 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-72.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven257.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven624 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-98.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven5169.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to DLTH, M, KSS, LE, PVH

In The Past

Destination XL's stock fell -61.7% during the 2022 Inflation Shock from a high on 11/17/2021. A -61.7% loss requires a 161.1% gain to breakeven.

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Asset Allocation

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About Destination XL (DXLG)

Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides tailored-related separates, blazers, dress slacks, dress shirts, and neckwear; and vintage-screen T-shirts and wovens under various private labels. The company offers its products under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, and Casual Male XL outlets. As of January 29, 2022, it operated 220 DXL retail stores, 16 DXL outlet stores, 35 Casual Male XL retail stores, and 19 Casual Male XL outlet stores; an e-commerce site, dxl.com; a mobile site, m.destinationXL.com; and mobile app. The company was formerly known as Casual Male Retail Group, Inc. and changed its name to Destination XL Group, Inc. in February 2013. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts.

AI Analysis | Feedback

Here are a couple of analogies for Destination XL:

  • Think of it as the Men's Wearhouse for big and tall men.

  • It's like an Old Navy or Gap, but exclusively for big and tall men.

AI Analysis | Feedback

  • Men's Big & Tall Apparel: A comprehensive selection of clothing designed for big and tall men, encompassing sportswear, dresswear, casual items, and tailored separates.
  • Men's Big & Tall Footwear: Shoes and other footwear specifically sized to meet the needs of big and tall men.

AI Analysis | Feedback

Destination XL (DXLG) primarily sells its products to individuals.

The company serves the following categories of customers:

  1. Big and Tall Men seeking everyday casual wear: This category includes men looking for comfortable, practical, and stylish clothing for daily life, such as jeans, t-shirts, polo shirts, and casual slacks, all specifically designed to fit big and tall sizes.
  2. Big and Tall Men seeking professional or formal attire: This segment comprises men who require dress shirts, tailored separates, blazers, dress slacks, and neckwear for business, special events, or more formal occasions, tailored to their big and tall body types.
  3. Big and Tall Men seeking sportswear and specialized fashion items: This group includes men looking for athletic wear, specific fashion-forward styles, or unique items like vintage-screen T-shirts and wovens, which cater to their personal style preferences while accommodating their larger sizes.

AI Analysis | Feedback

  • Ralph Lauren Corporation (Symbol: RL)
  • Columbia Sportswear Company (Symbol: COLM)
  • Topgolf Callaway Brands Corp. (Symbol: MODG)
  • Oxford Industries, Inc. (Symbol: OXM)
  • Authentic Brands Group
  • Vineyard Vines

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

The increasing availability of big and tall men's clothing and shoes from mainstream fashion retailers and brands, both online and in physical stores, driven by a broader industry trend toward size inclusivity. This trend directly erodes Destination XL's historical niche and unique value proposition as a specialty retailer for big and tall men.

AI Analysis | Feedback

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Better Bets vs. Destination XL (DXLG)

Latest Trefis Analyses

Title
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Trade Ideas

Select ideas related to DXLG.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MBLY_2272026_Dip_Buyer_HighCashEquity_ExInd02272026MBLYMobileye GlobalDip BuyDB | Cash/EquityDip Buyer with High Net Cash % Equity
Buying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation
0.0%0.0%0.0%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026SAHSonic AutomotiveInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-5.9%-5.9%-6.1%
MAT_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026MATMattelInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
2.9%2.9%0.0%
SONO_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026SONOSonosInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-0.7%-0.7%-4.6%
DECK_2062026_Dip_Buyer_ValueBuy02062026DECKDeckers OutdoorDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.6%1.6%-0.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

DXLGDLTHMKSSLEPVHMedian
NameDestinat.Duluth Macy's Kohl's Lands' E.PVH  
Mkt Price0.492.1617.0513.1813.8460.8713.51
Mkt Cap0.00.14.61.50.42.90.9
Rev LTM44259122,71215,7511,3148,8175,066
Op Inc LTM-9-2290850055656278
FCF LTM-11279781911442226
FCF 3Y Avg14-941557050508233
CFO LTM14101,5551,22650584317
CFO 3Y Avg35131,3191,05186707397

Growth & Margins

DXLGDLTHMKSSLEPVHMedian
NameDestinat.Duluth Macy's Kohl's Lands' E.PVH  
Rev Chg LTM-8.8%-6.4%-2.8%-6.1%-8.5%0.5%-6.3%
Rev Chg 3Y Avg-6.1%-4.7%-4.3%-5.4%-6.0%-0.5%-5.0%
Rev Chg Q-5.2%-9.6%0.2%-3.6%-0.4%1.7%-2.0%
QoQ Delta Rev Chg LTM-1.3%-2.0%0.0%-0.8%-0.1%0.4%-0.5%
Op Mgn LTM-2.0%-3.8%4.0%3.2%4.2%7.4%3.6%
Op Mgn 3Y Avg3.1%-2.5%4.4%2.5%2.7%8.2%2.9%
QoQ Delta Op Mgn LTM-0.7%1.1%0.3%-0.1%0.6%0.1%0.2%
CFO/Rev LTM3.1%1.7%6.8%7.8%3.8%6.6%5.2%
CFO/Rev 3Y Avg7.0%2.1%5.7%6.3%6.0%7.9%6.2%
FCF/Rev LTM-2.6%0.3%3.5%5.2%0.8%5.0%2.2%
FCF/Rev 3Y Avg2.5%-1.3%1.8%3.5%3.4%5.7%3.0%

Valuation

DXLGDLTHMKSSLEPVHMedian
NameDestinat.Duluth Macy's Kohl's Lands' E.PVH  
Mkt Cap0.00.14.61.50.42.90.9
P/S0.10.10.20.10.30.30.2
P/EBIT-3.0-3.26.32.77.613.74.5
P/E-3.5-2.59.57.635.98.48.0
P/CFO1.97.42.91.28.44.93.9
Total Yield-28.7%-39.9%14.8%19.8%2.8%12.0%7.4%
Dividend Yield0.0%0.0%4.3%6.6%0.0%0.1%0.1%
FCF Yield 3Y Avg-0.7%-4.8%7.4%25.6%14.6%10.4%8.9%
D/E8.02.61.14.60.81.52.1
Net D/E7.02.51.14.50.71.42.0

Returns

DXLGDLTHMKSSLEPVHMedian
NameDestinat.Duluth Macy's Kohl's Lands' E.PVH  
1M Rtn-15.4%-8.5%-21.5%-29.8%-21.7%-11.1%-18.5%
3M Rtn-57.0%-25.8%-29.4%-43.4%-10.4%-19.1%-27.6%
6M Rtn-67.1%-40.3%2.5%-13.4%-11.2%-24.8%-19.1%
12M Rtn-72.9%-14.5%31.1%67.3%28.4%-4.7%11.9%
3Y Rtn-91.7%-68.6%2.8%-27.3%103.5%-17.2%-22.3%
1M Excs Rtn-13.0%-6.1%-19.2%-27.4%-19.3%-8.8%-16.1%
3M Excs Rtn-53.0%-23.4%-25.1%-42.6%-4.2%-17.8%-24.2%
6M Excs Rtn-67.6%-43.4%-3.4%-20.8%-12.4%-28.6%-24.7%
12M Excs Rtn-95.4%-44.7%7.4%38.5%4.2%-29.0%-12.4%
3Y Excs Rtn-161.6%-134.8%-77.5%-108.5%19.6%-92.1%-100.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Sells clothing, footwear and accessories to big + tall men522    
Retail segment 545500302462
Wholesale segment 051713
Total522546505319474


Net Income by Segment
$ Mil20252024202320222021
Sells clothing, footwear and accessories to big + tall men28    
Total28    


Price Behavior

Price Behavior
Market Price$0.49 
Market Cap ($ Bil)0.0 
First Trading Date02/25/1992 
Distance from 52W High-75.7% 
   50 Days200 Days
DMA Price$0.68$1.04
DMA Trenddowndown
Distance from DMA-27.8%-52.9%
 3M1YR
Volatility71.7%91.7%
Downside Capture280.74328.23
Upside Capture-209.54130.99
Correlation (SPY)21.9%21.5%
DXLG Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.550.472.031.511.001.14
Up Beta-1.66-0.11-5.65-2.70-0.060.53
Down Beta2.142.153.781.870.941.16
Up Capture-174%-216%88%73%116%59%
Bmk +ve Days9203170142431
Stock +ve Days8152451110325
Down Capture309%213%396%267%164%112%
Bmk -ve Days12213054109320
Stock -ve Days13253669132397

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DXLG
DXLG-75.3%91.7%-1.13-
Sector ETF (XLY)13.0%23.7%0.4627.4%
Equity (SPY)19.6%18.9%0.8121.8%
Gold (GLD)71.9%26.3%2.05-4.6%
Commodities (DBC)19.3%17.3%0.896.1%
Real Estate (VNQ)6.2%16.3%0.1918.9%
Bitcoin (BTCUSD)-15.0%44.2%-0.2418.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DXLG
DXLG17.4%1,433.7%0.44-
Sector ETF (XLY)8.0%23.7%0.301.9%
Equity (SPY)13.1%17.0%0.611.1%
Gold (GLD)24.1%17.3%1.14-1.0%
Commodities (DBC)11.2%19.0%0.472.0%
Real Estate (VNQ)4.8%18.8%0.162.5%
Bitcoin (BTCUSD)6.4%56.7%0.33-0.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DXLG
DXLG-20.7%1,004.9%0.29-
Sector ETF (XLY)12.4%21.9%0.522.3%
Equity (SPY)14.5%17.9%0.701.6%
Gold (GLD)14.4%15.6%0.77-1.0%
Commodities (DBC)8.6%17.6%0.402.0%
Real Estate (VNQ)5.6%20.7%0.232.6%
Bitcoin (BTCUSD)67.5%66.8%1.07-0.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 215202612.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest7.5 days
Basic Shares Quantity54.3 Mil
Short % of Basic Shares1.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
12/11/2025-26.9%-35.3%-42.9%
8/27/20250.8%0.0%0.0%
5/29/202510.2%-8.5%-4.2%
3/20/2025-8.7%-21.8%-49.0%
11/22/2024-10.1%-6.6%1.2%
8/29/2024-2.7%-4.8%4.5%
5/30/2024-7.6%2.8%2.0%
3/21/2024-8.1%-3.9%-9.2%
...
SUMMARY STATS   
# Positive141512
# Negative10912
Median Positive4.9%5.0%3.5%
Median Negative-7.8%-9.7%-15.8%
Max Positive57.2%80.3%2,882.1%
Max Negative-26.9%-35.3%-66.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
10/31/202512/11/202510-Q
07/31/202508/27/202510-Q
04/30/202505/29/202510-Q
01/31/202503/20/202510-K
10/31/202411/22/202410-Q
07/31/202408/29/202410-Q
04/30/202405/30/202410-Q
01/31/202403/21/202410-K
10/31/202311/17/202310-Q
07/31/202308/24/202310-Q
04/30/202305/25/202310-Q
01/31/202303/16/202310-K
10/31/202211/17/202210-Q
07/31/202208/25/202210-Q
04/30/202205/26/202210-Q
01/31/202203/17/202210-K