Destination Maternity Corp. (DEST) Stock Price Up 4.1%
Destination Maternity Corp. (NASDAQ:DEST) rose 4.1% during mid-day trading on Wednesday . The company traded as high as $5.93 and last traded at $5.86, with a volume of 52,983 shares traded. The stock had previously closed at $5.63.
Separately, TheStreet downgraded Destination Maternity Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th.
The stock has a 50 day moving average price of $6.12 and a 200 day moving average price of $7.11. The firm’s market cap is $81.88 million.
Destination Maternity Corp. (NASDAQ:DEST) last announced its earnings results on Thursday, May 26th. The company reported $0.03 earnings per share (EPS) for the quarter. The company earned $124.40 million during the quarter, compared to analyst estimates of $141.60 million. Analysts expect that Destination Maternity Corp. will post $1.17 EPS for the current fiscal year.
A hedge fund recently raised its stake in Destination Maternity Corp. stock. Brown Advisory Inc. increased its stake in shares of Destination Maternity Corp. (NASDAQ:DEST) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,016,585 shares of the company’s stock after buying an additional 8,600 shares during the period. Brown Advisory Inc. owned 7.34% of Destination Maternity Corp. worth $8,864,000 as of its most recent SEC filing.
Destination Maternity Corporation is the designer and retailer of maternity apparel in the United States and is the only nationwide chain of maternity apparel specialty stores. Currently, the Company operates 1,907 retail locations, including 596 stores in all 50 states, Puerto Rico and Canada, and 1,311 leased departments located within department stores and baby specialty stores throughout the United States and Puerto Rico.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.