http://www.americanbankingnews.com/getthestreet upgraded shares of Destination Maternity Corp (NASDAQ: DEST) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

“Destination Maternity (DEST) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”

,” TheStreet’s analyst commented.

Shares of Destination Maternity Corp traded up 0.98% during mid-day trading on Wednesday, hitting $22.61. Destination Maternity Corp has a 52 week low of $16.32 and a 52 week high of $23.87. The stock’s 50-day moving average is currently $22.82. The company has a market cap of $305.7 million and a P/E ratio of 14.19.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Investors of record on Thursday, March 7th will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, March 5th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company reiterated a buy rating on shares of Destination Maternity Corp in a research note to investors on Monday, February 4th. Separately, analysts at Zacks upgraded shares of Destination Maternity Corp from a neutral rating to an outperform rating in a research note to investors on Monday, January 28th. They now have a $24.90 price target on the stock. Finally, analysts at Zacks downgraded shares of Destination Maternity Corp from an outperform rating to a neutral rating in a research note to investors on Tuesday, December 18th. They now have a $23.80 price target on the stock.

Two analysts have rated the stock with a buy rating, and one has given a hold rating to the company. The company currently has a consensus rating of overweight and a consensus target price of $24.50.

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