Halper Sadeh Investigates Fairness of DXLG and FBB Holdings Merger
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 29 minutes ago0mins
- Merger Fairness Investigation: Halper Sadeh LLC is investigating whether the merger between Destination XL Group and FBB Holdings I is fair to Destination XL shareholders, focusing on potential violations of federal securities laws and fiduciary duties.
- Shareholder Rights Protection: The firm encourages Destination XL shareholders to understand their legal rights and may seek increased merger consideration and additional disclosures to ensure shareholders can adequately assess the merger's value.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not be responsible for out-of-pocket legal fees, thereby reducing the financial burden of participation.
- Investor Rights Advocacy: The firm represents investors globally, focusing on combating securities fraud and corporate misconduct, and has successfully recovered millions for defrauded investors, highlighting its expertise in protecting shareholder interests.
DXLG.O
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on DXLG
Wall Street analysts forecast DXLG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DXLG is USD with a low forecast of 1.00 USD and a high forecast of 1.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.080
Low
1.00
Averages
High
1.00
Current: 1.080
Low
1.00
Averages
High
1.00
DA Davidson
Michael Baker
Strong Buy
Maintains
$3 → $2.5
2025-03-21
Reason
DA Davidson
Michael Baker
Price Target
$3 → $2.5
2025-03-21
Maintains
Strong Buy
Reason
DA Davidson
Michael Baker
Strong Buy
Maintains
$3.5 → $3
2024-12-24
Reason
DA Davidson
Michael Baker
Price Target
$3.5 → $3
2024-12-24
Maintains
Strong Buy
Reason
DA Davidson analyst Michael Baker lowered the firm's price target on Destination XL (DXLG) to $3 from $3.50 and keeps a Buy rating on the shares. The firm cites the Fund 1 Investments having made a takeover bid for the company at $3 per share, which equates to an enterprise value of $128M. Given Fund 1's bid for Nordstrom (JWN), the Destination XL deal should be favorable from a shareholder perspective given its lower EBITDA margins compared to Nordstrom, the analyst tells investors in a research note.
See All Ratings
About DXLG
Destination XL Group, Inc. is a specialty retailer of big + tall men’s apparel with retail locations throughout the United States. It operates under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, DXL Big + Tall, Casual Male XL, and Casual Male XL outlets. It operates approximately 247 DXL retail stores, 15 DXL outlet stores, 7 Casual Male XL retail stores, 19 Casual Male XL outlet stores, and a digital business. Its DXL retail stores, e-commerce site, and mobile application offers its customers merchandise to fit a variety of lifestyles from casual to business, young to mature, in all price ranges and in all large sizes from XL and up. In addition, it also offers a selection of shoes in sizes 10W to 18W on its websites. Its Casual Male XL retail stores primarily carry moderate-priced national brands and its own brands of casual sportswear and dresswear. It also operates Casual Male XL outlets and DXL outlets for its customers.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
Why did Destination XL Group reschedule its Q3 2025 earnings release?
What is the purpose of pre-registration for the conference call?
How might the rescheduling impact investor confidence in Destination XL Group?
Will the multi-channel participation strategy increase shareholder engagement long-term?