Destination Maternity Corporation (DEST) Sees Large Volume Increase
Destination Maternity Corporation (NASDAQ:DEST) shares saw strong trading volume on Friday . 46,668 shares traded hands during trading, a decline of 79% from the previous session’s volume of 222,118 shares.The stock last traded at $1.81 and had previously closed at $1.79.
The stock’s market cap is $26.99 million. The firm’s 50-day moving average is $1.39 and its 200 day moving average is $2.98.
Destination Maternity Corporation (NASDAQ:DEST) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.13) EPS for the quarter. The company had revenue of $98.28 million for the quarter. Destination Maternity Corporation had a negative return on equity of 10.14% and a negative net margin of 9.38%. Equities analysts expect that Destination Maternity Corporation will post $1.17 earnings per share for the current year.
In related news, major shareholder & Co Towle sold 565,159 shares of Destination Maternity Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1.38, for a total transaction of $779,919.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.70% of the company’s stock.
An institutional investor recently raised its position in Destination Maternity Corporation stock. First Heartland Consultants Inc. raised its holdings in Destination Maternity Corporation (NASDAQ:DEST) by 46.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,900 shares of the company’s stock after buying an additional 36,600 shares during the quarter. First Heartland Consultants Inc. owned approximately 0.83% of Destination Maternity Corporation worth $494,000 at the end of the most recent quarter. 49.71% of the stock is owned by hedge funds and other institutional investors.
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Destination Maternity Corporation Company Profile
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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