Sterne Agee Raises Estimates and Increases EPS Guidance for Destination Maternity Corp.

Sterne Agee accounts for Destination Maternity Corp.'s

Q2 Retail Comps exceeding previous expectations. According to Sterne Agee, “DEST reported Q2 retail comps up 3.2%, above our +0.5% estimate and Retail Metrics consensus at +0.8%. Excluding unusual calendar factors, comps were up about 0.7%. This was only DEST's second positive comp in the past 3.5 years.” Sterne Agee reported a Neutral rating for DEST with the market closing Friday at $20.