Destination Maternity Reaches New 52-Week High (DEST)

NEW YORK ( TheStreet) -- Destination Maternity (Nasdaq: DEST) hit a new 52-week high Wednesday as it is currently trading at $22.05, above its previous 52-week high of $22.03 with 5,816 shares traded as of 9:39 a.m. ET. Average volume has been 115,600 shares over the past 30 days.

Destination Maternity has a market cap of $288.9 million and is part of the services sector and retail industry. Shares are up 29.2% year to date as of the close of trading on Tuesday.

Destination Maternity Corporation engages in the design and retail of maternity apparel. It offers casual and career wear, formal attire, lingerie, sportswear, and outerwear. The company has a P/E ratio of 14.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Destination Maternity as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Destination Maternity Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

3 Retail Tales Only a Deep Value Investor Could Love

5 Stocks That Could Be Squeezed Much Higher

Trade These 5 Stocks Now to Catch Big Breakout Gains

Daniel Plants' Voce Fund Returns 5% as Other Activist Investors Struggle

Tuesday's Ex-Dividends To Watch: DEST, ABM, FEIC