Destination Maternity Corporation (DEST) Hits New 12-Month Low at $1.10
Destination Maternity Corporation (NASDAQ:DEST) reached a new 52-week low during trading on Thursday . The company traded as low as $1.10 and last traded at $1.10, with a volume of 150,801 shares traded. The stock had previously closed at $1.21.
The firm has a 50 day moving average of $1.53 and a 200 day moving average of $3.47. The company’s market cap is $15.80 million.
Destination Maternity Corporation (NASDAQ:DEST) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $98.28 million during the quarter. Destination Maternity Corporation had a negative net margin of 9.38% and a negative return on equity of 9.66%. Equities analysts predict that Destination Maternity Corporation will post $1.17 EPS for the current fiscal year.
In other Destination Maternity Corporation news, major shareholder & Co Towle sold 565,159 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $1.38, for a total value of $779,919.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.95% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DEST. Gabelli Funds LLC lifted its stake in Destination Maternity Corporation by 14.7% in the 1st quarter. Gabelli Funds LLC now owns 38,940 shares of the company’s stock worth $166,000 after purchasing an additional 5,000 shares in the last quarter. S. Muoio & CO. LLC purchased a new position in Destination Maternity Corporation in the 1st quarter worth approximately $695,000. Finally, First Heartland Consultants Inc. lifted its stake 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 worth $494,000 after purchasing an additional 36,600 shares in the last quarter. 49.64% of the stock is currently owned by institutional investors and hedge funds.
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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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