Traders Buy High Volume of Put Options on bebe stores, inc. (BEBE)
bebe stores, inc. (NASDAQ:BEBE) was the target of some unusual options trading on Monday. Stock investors bought 102 put options on the company, Analyst Ratings Network reports. This represents an increase of 209% compared to the typical volume of 33 put options.
A number of research firms have recently commented on BEBE. Analysts at Janney Montgomery Scott downgraded shares of bebe stores, inc. from a “buy” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $3.00 price target on the stock. Separately, analysts at Zacks downgraded shares of bebe stores, inc. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 23rd. They now have a $2.70 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. bebe stores, inc. currently has a consensus rating of “Hold” and an average target price of $4.28.
Shares of bebe stores, inc. (NASDAQ:BEBE) traded up 11.11% during mid-day trading on Monday, hitting $3.30. 843,009 shares of the company’s stock traded hands. bebe stores, inc. has a one year low of $2.61 and a one year high of $7.03. The stock has a 50-day moving average of $2.88 and a 200-day moving average of $4.47. The company’s market cap is $262.1 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, September 15th.
bebe stores, inc. designs, develop and produce a distinctive lines of contemporary women’s apparel and accessories.
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