Destination Maternity Corporation (DEST) Issues Quarterly Earnings Results
Destination Maternity Corporation (NASDAQ:DEST) announced its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, Morningstar.com reports. Destination Maternity Corporation had a negative return on equity of 9.15% and a negative net margin of 9.13%.
Destination Maternity Corporation (NASDAQ DEST) opened at 1.09 on Friday. The company has a 50-day moving average of $1.57 and a 200 day moving average of $3.49. Destination Maternity Corporation has a 12 month low of $1.02 and a 12 month high of $8.42. The stock’s market capitalization is $15.24 million.
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In other Destination Maternity Corporation news, major shareholder & Co Towle sold 565,159 shares of Destination Maternity Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $1.38, for a total value of $779,919.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.95% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. S. Muoio & CO. LLC increased its holdings in Destination Maternity Corporation by 94.7% in the 2nd quarter. S. Muoio & CO. LLC now owns 317,576 shares of the company’s stock valued at $1,026,000 after acquiring an additional 154,434 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in Destination Maternity Corporation by 46.2% in the 1st quarter. First Heartland Consultants Inc. now owns 115,900 shares of the company’s stock valued at $494,000 after acquiring an additional 36,600 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Destination Maternity Corporation by 14.7% in the 1st quarter. Gabelli Funds LLC now owns 38,940 shares of the company’s stock valued at $166,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 49.64% of the company’s stock.
About Destination Maternity Corporation
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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