Destination Maternity (DEST) Issues Quarterly Earnings Results

Destination Maternity (NASDAQ:DEST) posted its quarterly earnings results on Tuesday. The company reported ($0.31) earnings per share for the quarter, Morningstar.com reports. The company had revenue of $91.29 million for the quarter. Destination Maternity had a negative net margin of 4.55% and a negative return on equity of 19.02%. Destination Maternity updated its FY 2019 guidance to $-0.12-0.08 EPS.

DEST opened at $2.16 on Wednesday. The stock has a market cap of $31.07 million, a P/E ratio of -2.92 and a beta of -0.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.18 and a quick ratio of 0.23. Destination Maternity has a fifty-two week low of $1.62 and a fifty-two week high of $6.84.

In related news, insider Kingdon Capital Management, L. purchased 15,205 shares of Destination Maternity stock in a transaction that occurred on Thursday, January 24th. The stock was bought at an average price of $3.02 per share, for a total transaction of $45,919.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 52,897 shares of company stock valued at $165,105. 2.70% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of DEST. Wells Fargo & Company MN raised its stake in shares of Destination Maternity by 3.3% during the third quarter. Wells Fargo & Company MN now owns 326,492 shares of the company’s stock worth $1,568,000 after acquiring an additional 10,479 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Destination Maternity by 139.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 30,443 shares of the company’s stock worth $142,000 after acquiring an additional 17,723 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Destination Maternity by 10.1% during the third quarter. Vanguard Group Inc. now owns 474,687 shares of the company’s stock worth $2,212,000 after acquiring an additional 43,472 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Destination Maternity by 10.1% during the third quarter. Vanguard Group Inc now owns 474,687 shares of the company’s stock worth $2,212,000 after acquiring an additional 43,472 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new position in shares of Destination Maternity during the fourth quarter worth approximately $125,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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About Destination Maternity

Destination Maternity Corporation designs and retails maternity apparel. As of August 4, 2018, the company operated 1,114 retail locations, including 480 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 634 leased department locations in the United States and Puerto Rico.

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Earnings History for Destination Maternity (NASDAQ:DEST)

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