Destination Maternity (DEST) Cut to Hold at ValuEngine

Destination Maternity (NASDAQ:DEST) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Destination Maternity stock traded down $0.09 during mid-day trading on Wednesday, reaching $4.95. 1,126 shares of the company’s stock were exchanged, compared to its average volume of 65,145. Destination Maternity has a twelve month low of $1.88 and a twelve month high of $6.84. The company has a current ratio of 1.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.64.

Destination Maternity (NASDAQ:DEST) last released its earnings results on Monday, September 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business 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%.

Institutional investors have recently added to or reduced their stakes in the business. Silicon Valley Capital Partners acquired a new stake in Destination Maternity during the 2nd quarter worth approximately $167,000. Whittier Trust Co. acquired a new stake in Destination Maternity during the 2nd quarter worth approximately $293,000. Palo Capital Inc. acquired a new stake in Destination Maternity during the 3rd quarter worth approximately $355,000. EAM Investors LLC acquired a new stake in Destination Maternity during the 2nd quarter worth approximately $785,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Destination Maternity by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 367,824 shares of the company’s stock worth $953,000 after buying an additional 35,885 shares in the last quarter. Institutional investors 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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