Destination Maternity Corp. (NASDAQ:DEST) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 1,190,689 shares, a growth of 34.0% from the September 15th total of 888,702 shares. Currently, 10.2% of the shares of the stock are short sold. Based on an average trading volume of 171,302 shares, the short-interest ratio is currently 7.0 days.

A number of hedge funds have recently bought and sold shares of DEST. Moors & Cabot Inc. raised its stake in Destination Maternity Corp. by 0.9% in the second quarter. Moors & Cabot Inc. now owns 145,604 shares of the company’s stock valued at $857,000 after buying an additional 1,300 shares during the period. Geode Capital Management LLC raised its stake in Destination Maternity Corp. by 3.1% in the first quarter. Geode Capital Management LLC now owns 77,094 shares of the company’s stock valued at $527,000 after buying an additional 2,319 shares during the period. Parametric Portfolio Associates LLC raised its stake in Destination Maternity Corp. by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 49,323 shares of the company’s stock valued at $290,000 after buying an additional 2,716 shares during the period. Bank of New York Mellon Corp raised its stake in Destination Maternity Corp. by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 20,682 shares of the company’s stock valued at $122,000 after buying an additional 2,809 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Destination Maternity Corp. by 3.5% in the second quarter. GSA Capital Partners LLP now owns 111,592 shares of the company’s stock valued at $656,000 after buying an additional 3,800 shares during the period. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Destination Maternity Corp. (NASDAQ:DEST) opened at 7.25 on Friday. The stock’s 50 day moving average price is $6.19 and its 200 day moving average price is $6.28. Destination Maternity Corp. has a one year low of $4.90 and a one year high of $10.24. The stock’s market capitalization is $101.59 million.

Destination Maternity Corp. (NASDAQ:DEST) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share (EPS) for the quarter. Destination Maternity Corp. had a positive return on equity of 0.35% and a negative net margin of 0.60%. The firm earned $106.50 million during the quarter, compared to analysts’ expectations of $119.30 million. Equities research analysts predict that Destination Maternity Corp. will post $1.17 EPS for the current fiscal year.

Destination Maternity Corp. Company Profile

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.

5 Day Chart for NASDAQ:DEST

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