Destination Maternity Corp (Nasdaq:DEST)
June 13th, 2019
Amidst rising markets Destination Maternity Corp finished Thursday’s trading session down 35.00%, a ($0.42) decrease to close on $0.78. Destination Maternity Corp bounced 75.71% between low and high. As well as the drop in value, Destination Maternity Corp hit a new 52 week low of $0.70, breaking the previous low of $1.15 from earlier this month. Despite the drop in value, trading volumes were solid at 2,828.00% of normal which can indicate investor opportunities.
DEST was outperformed by the rest of the Consumer Discretionary sector which went up 0.90%.
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
Destination Maternity Corp Info
Destination Maternity Corporation designs and retails maternity apparel. As of February 2, 2019, the company operated 1,012 retail locations, including 485 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 554 leased department locations in the United States and Puerto Rico. It also operated 184 international franchised locations comprising 9 stand-alone stores and 175 shop-in-shop locations in the Middle East, South Korea, Mexico, and Israel. The company’s Motherhood Maternity brand serves the moderate priced portion of the maternity apparel business with stores located in regional malls, strip and power centers, and central business districts; and A Pea in the Pod brand offers an assortment of designer label maternity pieces with stores located in regional malls, lifestyle centers, and central business districts. Its Destination Maternity stores provide Motherhood Maternity and A Pea in the Pod products; and a line of maternity-related accessories, nursing products, health and fitness products, books, and body and nutritional products located in regional malls and lifestyle centers. The company also sells its merchandise on the Internet through its Websites, including Motherhood.com, APeaInThePod.com, DestinationMaternity.com, MotherhoodCanada.ca, and Amazon.com, as well as through Websites of retail partners, including Macys.com. The company was formerly known as Mothers Work, Inc. and changed its name to Destination Maternity Corporation in December 2008. Destination Maternity Corporation was founded in 1982 and is headquartered in Moorestown, New Jersey.
All amounts in USD unless otherwise indicated
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