Towle Co buys $5,889,543 stake in Destination Maternity Corp (DEST)

Destination Maternity Corp (DEST) : Towle Co scooped up 443,880 additional shares in Destination Maternity Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,061,179 shares of Destination Maternity Corp which is valued at $5,889,543.Destination Maternity Corp makes up approximately 1.03% of Towle Co’s portfolio.

Other Hedge Funds, Including , Barton Investment Management added DEST to its portfolio by purchasing 18,000 company shares during the most recent quarter which is valued at $99,900. Destination Maternity Corp makes up approx 0.04% of Barton Investment Management’s portfolio.Skylands Capital reduced its stake in DEST by selling 4,000 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 73,000 shares of DEST which is valued at $402,230. Destination Maternity Corp makes up approx 0.06% of Skylands Capital’s portfolio. North Star Investment Management Corp. sold out all of its stake in DEST during the most recent quarter. The investment firm sold 63,475 shares of DEST which is valued $389,737. Cutler Group Lp added DEST to its portfolio by purchasing 1,116 company shares during the most recent quarter which is valued at $6,852.

Destination Maternity Corp opened for trading at $5.75 and hit $6.07 on the upside on Monday, eventually ending the session at $6.04, with a gain of 5.04% or 0.29 points. The heightened volatility saw the trading volume jump to 40,512 shares. Company has a market cap of $84 M.

Destination Maternity Corporation is the designer and retailer of maternity apparel in the United States and is the only nationwide chain of maternity apparel specialty stores. Currently the Company operates 1907 retail locations including 596 stores in all 50 states Puerto Rico and Canada and 1311 leased departments located within department stores and baby specialty stores throughout the United States and Puerto Rico. The Company is also the provider of maternity apparel to Kohl’s which operates approximately 1158 stores throughout the United States and offers its maternity apparel in a number of its stores. The Company operates its 596 stores under three retail nameplates: Motherhood Maternity A Pea in the Pod and Destination Maternity. The Company also operates 1311 maternity apparel departments which the Company refers to as leased departments within retailers such as Macy’s Sears Gordmans buybuy BABY Boscov’s and Century 21.

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