Destination Maternity (DEST) Updates FY 2019 Earnings Guidance

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Destination Maternity (NASDAQ:DEST) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $-0.12-0.08 for the period. The company issued revenue guidance of $370-380 million.

Shares of DEST stock opened at $2.14 on Thursday. The company has a quick ratio of 0.23, a current ratio of 1.18 and a debt-to-equity ratio of 0.68. Destination Maternity has a 12-month low of $1.62 and a 12-month high of $6.84. The company has a market cap of $31.07 million, a PE ratio of -2.89 and a beta of -0.08.

Destination Maternity (NASDAQ:DEST) last issued its quarterly earnings results on Tuesday, April 16th. The company reported ($0.31) earnings per share (EPS) for the quarter. Destination Maternity had a negative return on equity of 19.02% and a negative net margin of 4.55%. The company had revenue of $91.29 million for the quarter.

In related news, insider Kingdon Capital Management, L. purchased 15,205 shares of the firm’s stock in a transaction dated Thursday, January 24th. The stock was bought at an average price of $3.02 per share, for a total transaction of $45,919.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

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Destination Maternity Company Profile

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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