First Heartland Consultants Inc. continued to hold its stake in Destination Maternity Corporation (NASDAQ:DEST) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,900 shares of the company’s stock at the end of the second quarter. First Heartland Consultants Inc. owned approximately 0.83% of Destination Maternity Corporation worth $374,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of DEST. Sanders Morris Harris Inc. acquired a new stake in Destination Maternity Corporation during the first quarter worth about $751,000. Gabelli Funds LLC boosted its position in shares of Destination Maternity Corporation by 14.7% in the first quarter. Gabelli Funds LLC now owns 38,940 shares of the company’s stock valued at $166,000 after buying an additional 5,000 shares in the last quarter. Finally, S. Muoio & CO. LLC acquired a new position in shares of Destination Maternity Corporation during the first quarter valued at $695,000. 50.44% of the stock is owned by institutional investors and hedge funds.
Destination Maternity Corporation (DEST) opened at 1.28 on Friday. The company’s market capitalization is $17.90 million. Destination Maternity Corporation has a 52 week low of $1.20 and a 52 week high of $8.42. The stock’s 50 day moving average is $2.26 and its 200 day moving average is $3.90.
Destination Maternity Corporation (NASDAQ:DEST) last released its earnings results on Thursday, June 8th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $106.43 million during the quarter. Destination Maternity Corporation had a negative net margin of 9.13% and a negative return on equity of 9.15%. Analysts predict that Destination Maternity Corporation will post $1.17 EPS for the current fiscal year.
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In other news, major shareholder & Co Towle sold 565,159 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $1.38, for a total value of $779,919.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.95% of the company’s stock.
About Destination Maternity Corporation
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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