Needham & Company Raises Price Target on Destination Maternity Corp (DEST)
Research analysts at Needham & Company lifted their target price on shares of Destination Maternity Corp (NASDAQ: DEST) from $20.00 to $24.00 in a report released on Friday. The firm currently has a “strong-buy” rating on the stock.
Destination Maternity Corp traded up 0.30% on Friday, hitting $19.8986. Destination Maternity Corp has a 1-year low of $12.17 and a 1-year high of $23.75. The company has a market cap of $260.2 million and a price-to-earnings ratio of 13.51.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.32 EPS by $0.08. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Destination Maternity Corp will post $0.34 earnings per share next quarter.
A number of other firms have also recently commented on DEST. Analysts at Roth Capital upgraded shares of Destination Maternity Corp from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 26th. Separately, analysts at Sterne Agee raised their EPS on shares of Destination Maternity Corp in a research note to investors on Monday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Destination Maternity Corp from $16.00 to $19.00 in a research note to investors on Thursday, April 5th. They now have an “in-line” rating on the stock.
Destination Maternity Corporation is the designer and retailer of maternity apparel in the United States and is the nationwide chain of maternity specialty stores.