Dimensional Fund Advisors LP Buys Shares of 729,337 Beyond, Inc. (NYSE:BYON)

Dimensional Fund Advisors LP bought a new stake in shares of Beyond, Inc. (NYSE:BYON) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 729,337 shares of the company’s stock, valued at approximately $9,538,000. Dimensional Fund Advisors LP owned approximately 1.59% of Beyond at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in shares of Beyond in the 2nd quarter worth $75,000. Wedbush Securities Inc. grew its holdings in shares of Beyond by 323.3% in the 2nd quarter. Wedbush Securities Inc. now owns 28,059 shares of the company’s stock worth $367,000 after acquiring an additional 21,430 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Beyond in the 2nd quarter worth $44,000. Quest Partners LLC acquired a new position in shares of Beyond in the 2nd quarter worth $84,000. Finally, Arizona State Retirement System acquired a new position in shares of Beyond in the 2nd quarter worth $167,000. Institutional investors own 76.30% of the company’s stock.

Insider Activity

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the sale, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the sale, the director now owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barclay F. Corbus purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the acquisition, the director now owns 66,668 shares of the company’s stock, valued at $710,680.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BYON. Wedbush decreased their target price on Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Piper Sandler lowered their price target on Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Jefferies Financial Group lowered their price target on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Bank of America lowered their price target on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Barclays lowered their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.25.

Beyond Price Performance

BYON opened at $10.81 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. Beyond, Inc. has a 12 month low of $8.91 and a 12 month high of $37.10. The company has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $16.15. The stock has a market cap of $494.56 million, a P/E ratio of -1.33 and a beta of 3.65.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, beating the consensus estimate of ($0.89) by $0.13. Beyond had a negative return on equity of 49.00% and a negative net margin of 22.03%. The company had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $381.74 million. During the same quarter last year, the company earned ($0.02) EPS. Beyond’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, research analysts expect that Beyond, Inc. will post -3.55 EPS for the current year.

Beyond Company Profile

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.