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Destination XL ( (DXLG) ) just unveiled an update.
On June 20, 2025, Destination XL Group, Inc. announced an amendment to its lease agreement with 555 TNPK 74 Owner, LLC for its headquarters and distribution center in Canton, Massachusetts. The lease term has been extended for seven years starting February 1, 2026, with an annual rent increase of 3%. The agreement includes an improvement allowance of $4,719,000 for repairs and improvements, potentially impacting the company’s operational stability and long-term planning.
The most recent analyst rating on (DXLG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Destination XL stock, see the DXLG Stock Forecast page.
Spark’s Take on DXLG Stock
According to Spark, TipRanks’ AI Analyst, DXLG is a Neutral.
Destination XL’s stock score reflects a combination of financial recovery and ongoing challenges. The company’s positive steps in reducing debt and improving margins are overshadowed by declining sales and technical weaknesses. While strategic initiatives offer potential for growth, the current valuation and negative P/E ratio highlight significant risks.
To see Spark’s full report on DXLG stock, click here.
More about Destination XL
Destination XL Group, Inc. operates in the retail industry, focusing on providing clothing and footwear for big and tall men. The company is known for its extensive range of sizes and styles, catering to a niche market segment.
Average Trading Volume: 291,375
Technical Sentiment Signal: Sell
Current Market Cap: $54.89M
For detailed information about DXLG stock, go to TipRanks’ Stock Analysis page.