Dimensional Fund Advisors LP Lowers Position in Beyond, Inc. (NYSE:BYON)

Dimensional Fund Advisors LP trimmed its position in Beyond, Inc. (NYSE:BYON - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,083 shares of the company's stock after selling 63,123 shares during the period. Dimensional Fund Advisors LP owned approximately 1.17% of Beyond worth $2,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Beyond in the fourth quarter valued at approximately $30,000. R Squared Ltd bought a new position in shares of Beyond in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after acquiring an additional 2,678 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Beyond during the fourth quarter valued at $32,000. Finally, KLP Kapitalforvaltning AS bought a new position in Beyond during the fourth quarter valued at $39,000. 76.30% of the stock is owned by institutional investors.

Beyond Price Performance

BYON traded up $0.19 during trading on Tuesday, reaching $6.90. The stock had a trading volume of 288,400 shares, compared to its average volume of 2,646,814. The stock has a market cap of $398.22 million, a PE ratio of -0.92 and a beta of 3.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a one year low of $3.54 and a one year high of $18.33. The business has a 50-day moving average of $4.61 and a 200-day moving average of $5.80.

Beyond (NYSE:BYON - Get Free Report) last released its earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $231.75 million for the quarter, compared to analysts' expectations of $288.13 million. During the same quarter in the prior year, the firm earned ($1.22) earnings per share. The firm's revenue was down 39.4% on a year-over-year basis. As a group, equities research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BYON shares. Maxim Group dropped their target price on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Barclays dropped their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wedbush restated an "outperform" rating and set a $15.00 target price on shares of Beyond in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group dropped their target price on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.14.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This represents a 4.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.