Needham & Company Maintains a 'Strong Buy' on Destination Maternity (DEST); Expecting No Surprises In 4Q’11 Results, And Conservative Guidance For FY’12

Needham & Company maintains a 'Strong Buy' on Destination Maternity (NASDAQ: DEST) price target of $24.00.

Needham analyst says, "DEST has already reported its sales for 4Q, and indicated that 4Q EPS would be toward the low end of its guidance range of $0.18 to $0.28. We are expecting $0.19, in line with consensus. Given the already-announced sales and pre-announcement of earnings, we are expecting no surprises as to 4Q’11 results when DEST reports on Thursday, November 17th. We expect management to comment on expectations for FY2012, and to conservatively project low-mid single digit growth in sales, and growth of about 10% in “adjusted EPS” (excluding stock-based compensation, restructuring, impairment and other one-time charges)."

For an analyst ratings summary and ratings history on Destination Maternity click here. For more ratings news on Destination Maternity click here.

Shares of Destination Maternity closed at $16.41 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• DA Davidson Reiterates Neutral Rating on Brunswick Corp (BC)
• DocGo (DCGO) Misses Q2 EPS by 6c; Offers Guidance