Sterne Agee accounts for Destination Maternity Corp.'s DEST 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.
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