bebe stores, inc. Sees Significant Increase in Short Interest (BEBE)
Shares of bebe stores, inc. (NASDAQ:BEBE) were the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 5,143,892 shares, a growth of 45.8% from the June 13th total of 3,528,396 shares, AnalystRatingsNetwork.com reports. Currently, 15.6% of the company’s stock are sold short. Based on an average daily trading volume, of 651,460 shares, the days-to-cover ratio is presently 7.9 days.
BEBE has been the subject of a number of recent research reports. Analysts at B. Riley downgraded shares of bebe stores, inc. from a “buy” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $3.40 price target on the stock, down previously from $7.50. Separately, analysts at Zacks upgraded shares of bebe stores, inc. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $3.40 price target on the stock. Finally, analysts at Zacks downgraded shares of bebe stores, inc. 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.93.
bebe stores, inc. (NASDAQ:BEBE) opened at 2.99 on Wednesday. bebe stores, inc. has a 52-week low of $2.78 and a 52-week high of $7.03. The stock’s 50-day moving average is $3.32 and its 200-day moving average is $5.03. The company’s market cap is $237.5 million.
bebe stores, inc. (NASDAQ:BEBE) last issued its quarterly earnings data 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, inc.’s revenue was down 17.2% compared to the same quarter last year. On average, analysts predict that bebe stores, inc. will post $-0.63 earnings per share for the current fiscal year.
bebe stores, inc. designs, develop and produce a distinctive lines of contemporary women’s apparel and accessories.
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