Destination XL (DXLG)
Market Price (3/14/2026): $0.485 | Market Cap: $26.4 MilSector: Consumer Discretionary | Industry: Apparel Retail
Destination XL (DXLG)
Market Price (3/14/2026): $0.485Market Cap: $26.4 MilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62% | Weak multi-year price returns2Y Excs Rtn is -119%, 3Y Excs Rtn is -162% | Penny stockMkt Price is 0.5 |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. | Not profitable at operating income levelOp 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% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700% | ||
| Weak revenue growthRev 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% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. |
| Weak multi-year price returns2Y Excs Rtn is -119%, 3Y Excs Rtn is -162% |
| Penny stockMkt Price is 0.5 |
| Not profitable at operating income levelOp 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% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 700% |
| Weak revenue growthRev 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% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -33% |
Qualitative Assessment
AI Analysis | Feedback
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 $94.7 million in the prior year. The company attributed these results to a "difficult environment, especially in the Big + Tall sector, with continued pressure on discretionary spending."
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Stock Movement Drivers
Fundamental Drivers
The -49.7% change in DXLG stock from 11/30/2025 to 3/13/2026 was primarily driven by a -48.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.97 | 0.49 | -49.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 448 | 442 | -1.3% |
| P/S Multiple | 0.1 | 0.1 | -48.6% |
| Shares Outstanding (Mil) | 54 | 54 | -1.0% |
| Cumulative Contribution | -49.7% |
Market Drivers
11/30/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| 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) | 8312025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.29 | 0.49 | -62.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 448 | 442 | -1.3% |
| P/S Multiple | 0.2 | 0.1 | -61.2% |
| Shares Outstanding (Mil) | 54 | 54 | -1.0% |
| Cumulative Contribution | -62.0% |
Market Drivers
8/31/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| 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) | 2282025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.29 | 0.49 | -78.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 485 | 442 | -8.8% |
| P/S Multiple | 0.3 | 0.1 | -77.7% |
| Shares Outstanding (Mil) | 57 | 54 | 5.1% |
| Cumulative Contribution | -78.6% |
Market Drivers
2/28/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| 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) | 2282023 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.98 | 0.49 | -91.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 535 | 442 | -17.4% |
| P/S Multiple | 0.7 | 0.1 | -91.3% |
| Shares Outstanding (Mil) | 62 | 54 | 14.1% |
| Cumulative Contribution | -91.8% |
Market Drivers
2/28/2023 to 3/13/2026| Return | Correlation | |
|---|---|---|
| DXLG | -91.8% | |
| Market (SPY) | 73.4% | 26.8% |
| Sector (XLY) | 56.0% | 30.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DXLG Return | 2572% | 19% | -35% | -39% | -66% | -47% | 130% |
| Peers Return | 42% | -44% | 22% | -15% | 6% | -10% | -21% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| DXLG Win Rate | 25% | 50% | 33% | 42% | 33% | 0% | |
| Peers Win Rate | 58% | 35% | 48% | 40% | 47% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DXLG Max Drawdown | 0% | -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
| Event | DXLG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.7% | -25.4% |
| % Gain to Breakeven | 161.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -83.5% | -33.9% |
| % Gain to Breakeven | 506.8% | 51.3% |
| Time to Breakeven | 261 days | 148 days |
| 2018 Correction | ||
| % Loss | -72.0% | -19.8% |
| % Gain to Breakeven | 257.1% | 24.7% |
| Time to Breakeven | 624 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -98.1% | -56.8% |
| % Gain to Breakeven | 5169.2% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 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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About Destination XL (DXLG)
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:
- 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.
- 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.
- 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
nullAI Analysis | Feedback
nullAI 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.
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nullAI Analysis | Feedback
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nullLatest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Destination XL Earnings Notes | 12/16/2025 | |
| With Destination XL Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to DXLG.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | MBLY | Mobileye Global | Dip Buy | DB | Cash/EquityDip Buyer with High Net Cash % EquityBuying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation | 0.0% | 0.0% | 0.0% |
| 02202026 | SAH | Sonic Automotive | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.9% | -5.9% | -6.1% |
| 02132026 | MAT | Mattel | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 2.9% | 2.9% | 0.0% |
| 02132026 | SONO | Sonos | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.7% | -0.7% | -4.6% |
| 02062026 | DECK | Deckers Outdoor | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.6% | 1.6% | -0.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.51 |
| Mkt Cap | 0.9 |
| Rev LTM | 5,066 |
| Op Inc LTM | 278 |
| FCF LTM | 226 |
| FCF 3Y Avg | 233 |
| CFO LTM | 317 |
| CFO 3Y Avg | 397 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -6.3% |
| Rev Chg 3Y Avg | -5.0% |
| Rev Chg Q | -2.0% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Mgn LTM | 3.6% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 5.2% |
| CFO/Rev 3Y Avg | 6.2% |
| FCF/Rev LTM | 2.2% |
| FCF/Rev 3Y Avg | 3.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.9 |
| P/S | 0.2 |
| P/EBIT | 4.5 |
| P/E | 8.0 |
| P/CFO | 3.9 |
| Total Yield | 7.4% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 8.9% |
| D/E | 2.1 |
| Net D/E | 2.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -18.5% |
| 3M Rtn | -27.6% |
| 6M Rtn | -19.1% |
| 12M Rtn | 11.9% |
| 3Y Rtn | -22.3% |
| 1M Excs Rtn | -16.1% |
| 3M Excs Rtn | -24.2% |
| 6M Excs Rtn | -24.7% |
| 12M Excs Rtn | -12.4% |
| 3Y Excs Rtn | -100.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sells clothing, footwear and accessories to big + tall men | 522 | ||||
| Retail segment | 545 | 500 | 302 | 462 | |
| Wholesale segment | 0 | 5 | 17 | 13 | |
| Total | 522 | 546 | 505 | 319 | 474 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sells clothing, footwear and accessories to big + tall men | 28 | ||||
| Total | 28 |
Price Behavior
| Market Price | $0.49 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/25/1992 | |
| Distance from 52W High | -75.7% | |
| 50 Days | 200 Days | |
| DMA Price | $0.68 | $1.04 |
| DMA Trend | down | down |
| Distance from DMA | -27.8% | -52.9% |
| 3M | 1YR | |
| Volatility | 71.7% | 91.7% |
| Downside Capture | 280.74 | 328.23 |
| Upside Capture | -209.54 | 130.99 |
| Correlation (SPY) | 21.9% | 21.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.55 | 0.47 | 2.03 | 1.51 | 1.00 | 1.14 |
| Up Beta | -1.66 | -0.11 | -5.65 | -2.70 | -0.06 | 0.53 |
| Down Beta | 2.14 | 2.15 | 3.78 | 1.87 | 0.94 | 1.16 |
| Up Capture | -174% | -216% | 88% | 73% | 116% | 59% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 8 | 15 | 24 | 51 | 110 | 325 |
| Down Capture | 309% | 213% | 396% | 267% | 164% | 112% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 13 | 25 | 36 | 69 | 132 | 397 |
[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% | 0.46 | 27.4% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 21.8% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | -4.6% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 6.1% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 18.9% |
| Bitcoin (BTCUSD) | -15.0% | 44.2% | -0.24 | 18.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXLG | |
|---|---|---|---|---|
| DXLG | 17.4% | 1,433.7% | 0.44 | - |
| Sector ETF (XLY) | 8.0% | 23.7% | 0.30 | 1.9% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 1.1% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | -1.0% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 2.0% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 2.5% |
| 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% | 0.52 | 2.3% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 1.6% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | -1.0% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 2.0% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 2.6% |
| Bitcoin (BTCUSD) | 67.5% | 66.8% | 1.07 | -0.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/11/2025 | -26.9% | -35.3% | -42.9% |
| 8/27/2025 | 0.8% | 0.0% | 0.0% |
| 5/29/2025 | 10.2% | -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 | |||
| # Positive | 14 | 15 | 12 |
| # Negative | 10 | 9 | 12 |
| Median Positive | 4.9% | 5.0% | 3.5% |
| Median Negative | -7.8% | -9.7% | -15.8% |
| Max Positive | 57.2% | 80.3% | 2,882.1% |
| Max Negative | -26.9% | -35.3% | -66.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 03/20/2025 | 10-K |
| 10/31/2024 | 11/22/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 03/21/2024 | 10-K |
| 10/31/2023 | 11/17/2023 | 10-Q |
| 07/31/2023 | 08/24/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 03/16/2023 | 10-K |
| 10/31/2022 | 11/17/2022 | 10-Q |
| 07/31/2022 | 08/25/2022 | 10-Q |
| 04/30/2022 | 05/26/2022 | 10-Q |
| 01/31/2022 | 03/17/2022 | 10-K |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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