ValuEngine lowered shares of Destination Maternity (NASDAQ:DEST) from a buy rating to a hold rating in a report released on Wednesday.

Shares of NASDAQ:DEST traded down $0.12 during trading on Wednesday, hitting $4.92. 34,415 shares of the stock were exchanged, compared to its average volume of 66,237. Destination Maternity has a 1-year low of $1.88 and a 1-year high of $6.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.24 and a quick ratio of 0.27.

Destination Maternity (NASDAQ:DEST) last announced its quarterly earnings data on Monday, September 10th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $96.40 million for the quarter. Destination Maternity had a negative return on equity of 19.45% and a negative net margin of 5.36%.

Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of Destination Maternity by 3.3% during the 3rd quarter. Wells Fargo & Company MN now owns 326,492 shares of the company’s stock worth $1,568,000 after buying an additional 10,479 shares during the period. Whittier Trust Co. bought a new position in shares of Destination Maternity during the 2nd quarter worth approximately $293,000. Dimensional Fund Advisors LP lifted its position in shares of Destination Maternity by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 384,340 shares of the company’s stock worth $2,237,000 after buying an additional 16,516 shares during the period. Renaissance Technologies LLC lifted its position in shares of Destination Maternity by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 745,800 shares of the company’s stock worth $4,341,000 after buying an additional 16,700 shares during the period. Finally, Silicon Valley Capital Partners bought a new position in shares of Destination Maternity during the 2nd quarter worth approximately $167,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Destination Maternity Company Profile

Destination Maternity Corporation designs and retails maternity apparel. As of February 3, 2018, the company operated 1,124 retail locations, including 487 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 637 leased department locations in the United States and Puerto Rico.

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