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DXLG $2.5

DXLG target price
2.50
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Destination XL Group, Inc.
Type
Public
Traded as NASDAQ: DXLG
Industry Retail
Founded 1976
Founder Calvin Margolis
Stanley Berger
Headquarters Canton, Mass., U.S.
Number of locations
DXL Men's Apparel:176
DXL Outlet:11
Casual Male XL:118
Casual Male XL Outlet:39
Rochester Clothing:5
Area served
United States
Canada
London, England
Key people
David A. Levin, CEO
Products Clothing
Home & Living Items
Revenue US$467.51 million
Net income
US$42.63 million
Number of employees
3092
Divisions Destination XL
Rochester Clothing
Casual Male XL
Shoes XL
Living XL
Website DestinationXL.com

Destination XL Group, Inc. (DXLG) is the largest specialty retailer of men's big and tall apparel, with operations throughout the United States and in London, England. The company is headquartered in Canton, Massachusetts, and its common stock is listed on the NASDAQ Global Market under the symbol "DXLG." DXLG operates both retail stores and ecommerce businesses through its five trade names: DXL, Rochester Clothing, Casual Male XL, Shoes XL, and Living XL. These can all be found under the multi-channel website DestinationXL.com.

DXLG is currently in the process of transitioning its primary store footprint from Casual Male XL to DXL, its one-stop-shopping concept. DXL offers thousands of styles from over 100 top brands, starting at waist size 38 and up. The company also offers sizes starting at XL, including tall sizes, as well as shoes in sizes 10-16, with widths up to 4E.

National designer brands carried by the company include Polo Ralph Lauren, Levi's, Under Armour, Nautica, Calvin Klein, Geoffrey Beene, Buffalo David Bitton, Cole Haan, Columbia, and Kenneth Cole. Private label offerings include Harbor Bay, Oak Hill, Synrgy, True Nation, Twenty-Eight Degrees, and Society of One. DXL is also the only retailer to offer sportswear in big and tall sizes from top designers such as Brooks Brothers, Lacoste, True Religion, Michael Kors, Paul & Shark, Psycho Bunny, Reebok, PX Clothing, and Joe’s Jeans.

What is now Destination XL Group was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc.

In May 2002, Designs, Inc. bought the Casual Male Big & Tall chain of stores out of bankruptcy and elected to focus their business on those stores, selling off their other businesses and assuming the Casual Male name.

In 2004, the company acquired Rochester Big & Tall Clothing, which gave the company access to a number of designer brands including Robert Graham, Tommy Bahama, Cutter & Buck, Jack Victor, and Robert Talbott. Also in 2004, Casual Male hired former champion boxer George Foreman to promote the chain and act as spokesman for new lines of clothing bearing his name.

In 2005, Casual Male changed the name of its stores from Casual Male Big & Tall to Casual Male XL.

In 2010, the company opened its first DXL store in Schaumburg, Illinois. Big & Tall customers were looking for a superior shopping experience – one that provided a better blend of quality, selection, and service. This new store opening marked the starting point of the company’s transition from Casual Male XL to DXL.

In May 2013, the company launched its first television and radio advertising campaign, entitled “No Man’s Land,” which supported the DXL brand.

As of 2016, there were more than 200 DXL retail stores in operation across every major metropolitan market in the United States.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2023 2022-11-15 Future report Set alerts
Q2 2023 2022-08-25 0.85 0.85
Q1 2023 2022-05-26 0.20 0.20
Q4 2022 2022-03-17 0.14 0.14
Q4 2018 2022-03-16 Future report Set alerts
Q3 2018 2021-11-19 Future report Set alerts
Q3 2022 2021-11-17 0.20 0.20
Q2 2022 2021-08-31 0.36 0.36
Q3 2021 2020-11-20 -0.12 -0.12
Q2 2021 2020-08-27 -0.15 -0.15

Ratings

2016-03-21 Boost Price Target Lake Street Capital Buy $8.00 to $9.00
2015-11-23 Reiterated Rating Brean Capital Buy
2015-11-22 Reiterated Rating Sterne Agee CRT Buy
2015-09-04 Boost Price Target Susquehanna Positive $7.00 to $8.50
2015-08-30 Reiterated Rating Sterne Agee CRT Buy $6.50
2015-08-28 Reiterated Rating Brean Capital Buy $8.00
2015-08-20 Reiterated Rating Brean Capital Buy $8.00
2015-05-29 Reiterated Rating Brean Capital Buy $8.00
2015-03-23 Set Price Target Brean Capital Buy $8.00
2015-01-28 Set Price Target Brean Capital Buy $8.00
2014-12-18 Initiated Coverage CRT Capital Average to Buy $6.00
2014-11-06 Initiated Coverage Brean Capital Buy $8.00
2014-04-15 Initiated Coverage Ascendiant Capital Markets Buy $7.00
2014-03-14 Reiterated Canaccord Genuity Buy $9 to $8
2014-03-11 Initiated Coverage Canaccord Genuity Buy $9.00 to $9.00
2013-09-19 Initiated Coverage Lake Street Capital Buy $9.00
2016-03-21 Boost Price Target Lake Street Capital Buy $8.00 to $9.00
2015-11-23 Reiterated Rating Brean Capital Buy
2015-11-22 Reiterated Rating Sterne Agee CRT Buy
2015-09-04 Boost Price Target Susquehanna Positive $7.00 to $8.50
2015-08-30 Reiterated Rating Sterne Agee CRT Buy $6.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MESDAG WILLEM 15.73%  (7966369) ATSG / DXLG / ECPG / HSII / NATR /
LEVIN DAVID A President and CEO 2.34%  (1182851) CBK / DXLG / LL /
HERNREICH DENNIS R EVP, COO and CFO 0.81%  (411736) DXLG /
HOLTZMAN SEYMOUR 0.67%  (339594) DXLG /
Presser Mitchell 0.53%  (267425) DXLG /
McKinney Jack R SVP, CIO 0.36%  (182342) DXLG /
Molloy Robert S SVP,General Counsel, Secretary 0.29%  (146867) DXLG /
Ederle Kenneth SVP,Chief MerchandisingOfficer 0.24%  (119932) DXLG /
CHOPER JESSE H 0.23%  (117423) DXLG /
Mooney Ward K 0.21%  (105475) DXLG /
Sprague Walter E SVP, Human Resources 0.20%  (101478) DXLG /
Chane Francis C SVP Distribution & Logistics 0.18%  (92562) DXLG /
Schmitz Peter E. SVP, Chief RE Officer 0.18%  (91828) DXLG /
PORTER GEORGE T JR 0.18%  (90415) DXLG /
Smith Vickie SVP MerchPlanning & Allocation 0.16%  (81462) CATO / DXLG /
Stratton Peter H Jr. SVP,Finance,CAO,CorpController 0.15%  (76329) DXLG /
Reaves Brian SVP Stores Sales & Operations 0.14%  (71723) DXLG /
Chew Angela SVP Global Sourcing 0.11%  (57013) DXLG /
BERNIKOW ALAN S 0.11%  (53397) CLI / DXLG / FCB / REV /
Ross Ivy 0.10%  (53086) DXLG /
Laher Sahal S SVPChief Digital & InfoOfficer 0.08%  (41955) DXLG /
Gaeta Anthony SVP, Store Sales & Operations 0.07%  (33688) DXLG /
Cooney John F Chief Accounting Officer 0.06%  (32290) DXLG /
Davey James S EVP, Chief Marketing Officer 0.06%  (30000) DXLG /
Luttrell Mary SVP of Marketing 0.04%  (22485) DXLG /
KYEES JOHN E 0.04%  (18056) DXLG / VRA /
Youssef Nancy S SVP,International Business Dev 0.03%  (15192) DXLG /
Walsh Oliver 0.01%  (5216) DXLG /