Home / Motherhood / Insider Buying: Destination Maternity Corp (DEST) Insider Acquires 9,930 Shares of Stock
Insider Buying: Destination Maternity Corp (DEST) Insider Acquires 9,930 Shares of Stock

Insider Buying: Destination Maternity Corp (DEST) Insider Acquires 9,930 Shares of Stock

Destination Maternity Corp (NASDAQ:DEST) insider Kingdon Capital Management, L. acquired 9,930 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was acquired at an average cost of $3.14 per share, for a total transaction of $31,180.20. The purchase was disclosed in a legal filing with the Securities Exchange Commission, which is accessible through this link.

Kingdon Capital Management, L. also recently made the following trade(s):

On Thursday, January 24th, Kingdon Capital Management, L. acquired 15,205 shares of Destination Maternity stock. The stock was acquired at an average cost of $3.02 per share, for a total transaction of $45,919.10.
On Tuesday, January 15th, Kingdon Capital Management, L. acquired 10,322 shares of Destination Maternity stock. The stock was acquired at an average cost of $3.04 per share, for a total transaction of $31,378.88.
On Thursday, January 17th, Kingdon Capital Management, L. acquired 27,762 shares of Destination Maternity stock. The stock was acquired at an average cost of $3.17 per share, for a total transaction of $88,005.54.

Shares of NASDAQ:DEST traded down $0.11 during trading on Friday, reaching $2.82. The stock had a trading volume of 99,113 shares, compared to its average volume of 58,485. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.18 and a quick ratio of 0.23. The firm has a market capitalization of $40.74 million, a PE ratio of -3.81 and a beta of 0.04. Destination Maternity Corp has a 1-year low of $1.62 and a 1-year high of $6.84.

Destination Maternity (NASDAQ:DEST) last issued its quarterly earnings results on Tuesday, December 11th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $92.84 million during the quarter. Destination Maternity had a negative return on equity of 19.02% and a negative net margin of 4.55%. As a group, analysts expect that Destination Maternity Corp will post -0.36 earnings per share for the current year.

Separately, ValuEngine lowered Destination Maternity from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th.

Several large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd boosted its stake in 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 buying an additional 17,723 shares during the last quarter. Palo Capital Inc. acquired a new position in Destination Maternity during the third quarter worth $355,000. Bridgeway Capital Management Inc. boosted its stake in Destination Maternity by 68.9% during the third quarter. Bridgeway Capital Management Inc. now owns 185,500 shares of the company’s stock worth $864,000 after buying an additional 75,700 shares during the last quarter. Wells Fargo Company MN boosted its stake in 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 buying an additional 10,479 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Destination Maternity by 4.5% during the second 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 last quarter. 37.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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