Destination Maternity Corp. (DEST) Trading Up 5.5%
Destination Maternity Corp. (NASDAQ:DEST)’s share price was up 5.5% during trading on Tuesday . The company traded as high as $5.40 and last traded at $5.33, with a volume of 415,212 shares. The stock had previously closed at $5.05.
Separately, TheStreet cut shares of Destination Maternity Corp. from a “hold” rating to a “sell” rating in a research note on Friday, June 10th.
The stock’s market capitalization is $76.37 million. The company has a 50-day moving average price of $5.72 and a 200-day moving average price of $6.48.
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Destination Maternity Corp. (NASDAQ:DEST) last posted its earnings results on Thursday, August 25th. The company reported ($0.14) earnings per share (EPS) for the quarter. Destination Maternity Corp. had a negative net margin of 0.60% and a positive return on equity of 0.35%. The firm earned $106.50 million during the quarter, compared to analyst estimates of $119.30 million. Equities analysts predict that Destination Maternity Corp. will post $1.17 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the stock. Barton Investment Management acquired a new stake in shares of Destination Maternity Corp. during the second quarter worth approximately $105,000. A.R.T. Advisors LLC acquired a new stake in shares of Destination Maternity Corp. during the second quarter worth approximately $106,000. Glenmede Trust Co. NA boosted its stake in shares of Destination Maternity Corp. by 3,448.3% in the second quarter. Glenmede Trust Co. NA now owns 20,580 shares of the company’s stock worth $120,000 after buying an additional 20,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Destination Maternity Corp. by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 20,682 shares of the company’s stock worth $122,000 after buying an additional 2,809 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Destination Maternity Corp. during the second quarter worth approximately $142,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.
Destination Maternity Corp. Company Profile
Destination Maternity Corporation, formerly Mothers Work, Inc is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment.
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