Destination XL Group (DXLG) reported second-quarter fiscal 2026 sales of $111.6 million, down 3.4% from $115.5 million a year earlier. Net income was $2.0 million, or $0.04 per diluted share, compared with a net loss of $0.3 million, or $0.00 per diluted share, in the prior-year quarter.
The company said its board determined that the proposed merger with FullBeauty is no longer advisable and is not in the best interests of DXL and its stockholders. The board recommended that stockholders vote against the issuance proposal.
- Comparable sales declined 3.5%, including a 4.3% decline in stores and a 1.6% decline in the direct business.
- Gross margin was 47.9%, up from 45.2%, including a $4.6 million tariff refund.
- Cash and investments totaled $20.1 million as of August 1, 2026, with no outstanding debt.
- Direct sales were $30.9 million, representing 27.8% of total sales.
- The company lowered expected fiscal 2026 capital expenditures to $8.0 million to $10.0 million, net of tenant incentives.
$DXLG Hedge Fund Activity
We have seen 13 institutional investors add shares of $DXLG stock to their portfolio, and 35 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NOMURA HOLDINGS INC added 1,220,000 shares (+56.1%) to their portfolio in Q2 2026, for an estimated $817,400
- SG AMERICAS SECURITIES, LLC added 1,000,009 shares (+inf%) to their portfolio in Q2 2026, for an estimated $670,006
- HUDSON BAY CAPITAL MANAGEMENT LP removed 1,000,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $670,000
- NANTAHALA CAPITAL MANAGEMENT, LLC removed 363,260 shares (-8.1%) from their portfolio in Q1 2026, for an estimated $185,262
- DIMENSIONAL FUND ADVISORS LP removed 337,273 shares (-21.8%) from their portfolio in Q2 2026, for an estimated $225,972
- CIBC BANCORP USA INC. removed 220,000 shares (-64.7%) from their portfolio in Q2 2026, for an estimated $147,400
- DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 197,937 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $132,617
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
