Insider Selling: bebe Stores CEO Unloads 140,980 Shares of Stock (BEBE)
bebe Stores (NASDAQ:BEBE) CEO Steve Birkhold sold 140,980 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $4.07, for a total value of $573,788.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
bebe Stores (NASDAQ:BEBE) traded up 0.74% on Friday, hitting $4.10. 223,202 shares of the company’s stock traded hands. bebe Stores has a one year low of $4.03 and a one year high of $7.03. The stock has a 50-day moving average of $5.14 and a 200-day moving average of $5.54. The company’s market cap is $325.7 million.
bebe Stores (NASDAQ:BEBE) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.04. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $93.10 million. During the same quarter last year, the company posted ($0.14) earnings per share. bebe Stores’s revenue was down 17.2% compared to the same quarter last year. Analysts expect that bebe Stores will post $-0.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, June 2nd.
A number of analysts have recently weighed in on BEBE shares. Analysts at Zacks downgraded shares of bebe Stores from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $4.90 price target on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of bebe Stores in a research note on Tuesday, April 22nd. Finally, analysts at Janney Montgomery Scott upgraded shares of bebe Stores from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $7.50 price target on the stock, up previously from $5.50. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.97.
bebe stores, inc. designs, develop and produce a distinctive lines of contemporary women’s apparel and accessories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.