Home / Motherhood / Insider Purchaseing: Destination Maternity Corp (DEST) Insider Purchase 10322 Shares of Shares
Insider Purchaseing: Destination Maternity Corp (DEST) Insider Purchase 10322 Shares of Shares

Insider Purchaseing: Destination Maternity Corp (DEST) Insider Purchase 10322 Shares of Shares

Destination Maternity Corp (NASDAQ:DEST) insider Kingdon Capital Management, L. acquired 10,322 shares of Destination Maternity stock in a transaction that occurred on Tuesday, January 15th. The stock was acquired at an average cost of $3.04 per share, with a total value of $31,378.88. The transaction was disclosed in a filing with the Securities Exchange Commission, which is accessible through the SEC website.

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

On Thursday, January 24th, Kingdon Capital Management, L. purchased 15,205 shares of Destination Maternity stock. The shares were purchased at an average cost of $3.02 per share, with a total value of $45,919.10.

On Tuesday, January 22nd, Kingdon Capital Management, L. acquired 9,930 shares of Destination Maternity stock. The shares were bought at an average cost of $3.14 per share, for a total transaction of $31,180.20.

On Thursday, January 17th, Kingdon Capital Management, L. bought 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 up $0.13 during midday trading on Monday, hitting $2.95. The stock had a trading volume of 13,800 shares, compared to its average volume of 56,186. Destination Maternity Corp has a fifty-two week low of $1.62 and a fifty-two week high of $6.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.23 and a current ratio of 1.18. The stock has a market capitalization of $40.75 million, a P/E ratio of -4.03 and a beta of 0.04.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its stake in shares of Destination Maternity by 139.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,443 shares of the company’s stock valued at $142,000 after acquiring an additional 17,723 shares during the last quarter. Palo Capital Inc. acquired a new stake in Destination Maternity during the 3rd quarter worth about $355,000. Bridgeway Capital Management Inc. grew its holdings in Destination Maternity by 68.9% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 185,500 shares of the company’s stock worth $864,000 after acquiring an additional 75,700 shares during the period. Wells Fargo Company MN grew its holdings in 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 acquiring an additional 10,479 shares during the period. Finally, Mondrian Investment Partners LTD grew its holdings in Destination Maternity by 53.0% during the 3rd quarter. Mondrian Investment Partners LTD now owns 417,671 shares of the company’s stock worth $1,946,000 after acquiring an additional 144,603 shares during the period. Hedge funds and other institutional investors own 37.53% of the company’s stock.

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

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.

Recommended Story: Closed-End Mutual Funds (CEFs)