Destination Maternity Corp. (NASDAQ:DEST) shares saw an uptick in trading volume on Wednesday . 559,550 shares traded hands during mid-day trading, an increase of 436% from the previous session’s volume of 104,415 shares.The stock last traded at $5.69 and had previously closed at $5.50.

Separately, TheStreet lowered shares of Destination Maternity Corp. from a “hold” rating to a “sell” rating in a research note on Friday, June 10th.

The stock’s 50 day moving average is $5.73 and its 200-day moving average is $6.45. The firm’s market capitalization is $85.48 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/destination-maternity-corp-dest-sees-large-volume-increase.html

Destination Maternity Corp. (NASDAQ:DEST) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share for the quarter. Destination Maternity Corp. had a negative net margin of 0.60% and a positive return on equity of 0.35%. The business earned $106.50 million during the quarter, compared to analyst estimates of $119.30 million. On average, equities research analysts forecast that Destination Maternity Corp. will post $1.17 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Mondrian Investment Partners LTD increased its stake in shares of Destination Maternity Corp. by 8,023.2% in the first quarter. Mondrian Investment Partners LTD now owns 209,010 shares of the company’s stock valued at $1,430,000 after buying an additional 206,437 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Destination Maternity Corp. by 161.5% in the first quarter. Disciplined Growth Investors Inc. MN now owns 627,429 shares of the company’s stock valued at $4,292,000 after buying an additional 387,475 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Destination Maternity Corp. by 3.1% in the first quarter. Geode Capital Management LLC now owns 77,094 shares of the company’s stock valued at $527,000 after buying an additional 2,319 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Destination Maternity Corp. by 6.1% in the first quarter. Wellington Management Group LLP now owns 1,032,646 shares of the company’s stock valued at $7,063,000 after buying an additional 59,389 shares during the last quarter. Finally, Diker Management LLC purchased a new stake in shares of Destination Maternity Corp. during the first quarter valued at approximately $187,000. Institutional investors and hedge funds own 73.63% of the company’s stock.

About Destination Maternity Corp.

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.

5 Day Chart for NASDAQ:DEST

Receive News & Ratings for Destination Maternity Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destination Maternity Corp. and related companies with MarketBeat.com's FREE daily email newsletter.