Last $16.00 USD
Change Today -0.47 / -2.85%
Volume 53.9K
DEST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

destination maternity corp (DEST) Snapshot

Open
$16.48
Previous Close
$16.47
Day High
$16.49
Day Low
$15.99
52 Week High
12/26/13 - $31.53
52 Week Low
10/27/14 - $13.87
Market Cap
220.8M
Average Volume 10 Days
149.7K
EPS TTM
$0.59
Shares Outstanding
13.8M
EX-Date
12/3/14
P/E TM
27.1x
Dividend
$0.80
Dividend Yield
5.00%
Current Stock Chart for DESTINATION MATERNITY CORP (DEST)

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destination maternity corp (DEST) Details

Destination Maternity Corporation designs and retails maternity apparel in the United States. As of September 30, 2014, it operated 1,894 retail locations comprising 568 stores under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity brand names in the United States, Puerto Rico, and Canada; 1,326 leased departments located within department stores and baby specialty stores in the United States and Puerto Rico; 78 international franchised locations consisting of 19 stand-alone stores in the Middle East, South Korea, and Mexico; and 59 shop-in-shop locations in South Korea and Mexico. The company’s Motherhood Maternity brand serves the value-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 serves the medium-priced and luxury portion of the maternity apparel business with stores located in regional malls, lifestyle centers, and central business districts. Its Destination Maternity brand offers Motherhood Maternity and A Pea in the Pod merchandise, and various maternity-related products and customer service features through stores located in regional malls and lifestyle centers. The company also sells its merchandise on the Internet through DestinationMaternity.com and brand-specific Websites, including Motherhood.com and APeaInThePod.com, as well as through MotherhoodCanada.ca, Amazon.com, and amazon.co.uk Websites. In addition, it provides Two Hearts Maternity by Destination Maternity collection at Sears stores through a leased department relationship; and Oh Baby by Motherhood collection through a product and license agreement at Kohl’s stores, as well as through Kohls.com Website. 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 Philadelphia, Pennsylvania.

1,600 Employees
Last Reported Date: 12/12/14
Founded in 1982

destination maternity corp (DEST) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $117.4K
President
Total Annual Compensation: $533.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $401.7K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

destination maternity corp (DEST) Key Developments

Destination Maternity Announces Change of its Fiscal Year End

Destination Maternity announced that it is changing its fiscal year end from September 30 to the Saturday nearest January 31 of each year. The fiscal year end change will align the company's reporting cycle with the National Retail Federation fiscal calendar. The change will be effective with the company's fiscal year 2015.

Destination Maternity Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended September 30, 2014; Provides Earnings Guidance

Destination Maternity Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported net sales of $122,048,000 against $128,250,000 a year ago. Operating loss was $3,939,000 against operating income of $7,282,000 a year ago. Loss before income taxes was $4,040,000 against income before income taxes of $7,181,000 a year ago. Net loss was $2,485,000 or $0.18 per share basic and diluted against net income of $5,633,000 or $0.42 per share basic and diluted a year ago. Adjusted net loss was $1,829,000 or $0.14 per share diluted against adjusted net income of $4,417,000 or $0.33 per share diluted a year ago. Adjusted LBITDA was $2,677,000 against adjusted EBITDA of $11,717,000 a year ago. The decrease in total reported sales resulted primarily from a decrease in comparable sales and decreased sales related to the Company's continued efforts to close underperforming stores. For the year, the company reported net sales of $122,048,000 against $540,259,000 a year ago. Operating income was $14,507,000 against $37,494,000 a year ago. Income before income taxes was $14,103,000 against $36,953,000 a year ago. Net income was $10,497,000 or $0.77 per share diluted against $23,943,000 or $1.78 per share diluted a year ago. Adjusted net income was $10,700,000 or $0.79 per share diluted against $22,733,000 or $1.69 per share diluted a year ago. Net cash provided by operating activities was $25,845,000 against $42,153,000 a year ago. Capital expenditures were $40,185,000 against $15,059,000 a year ago. Additions to intangible assets were $1,950,000 against $963,000 a year ago. Adjusted EBITDA was $30,556,000 against $54,003,000 a year ago. The company provided earnings guidance for the stub period. The company expects to have approximately $22 million in capital expenditures, including $14 million related to the relocations and $8 million of additional capital expenditures relating to store relocations, remodels and new stores as well as continued investment in information systems and technology. The company expects to see a year-over-year decline in gross margin during this stub period similar to the decline that the company experienced in the fourth quarter of fiscal year 2014.

Destination Maternity Corporation Announces Board Changes

Destination Maternity Corporation that J. Daniel Plants has been appointed as a member of the board of directors, effective November 24, 2014, and as a member of the audit committee and the nominating & corporate governance committee of the board of directors. The company also announced that Joseph A. Goldblum has resigned as a member of the board of directors, effective November 24, 2014.

 

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