Northern Trust Corp Raises Holdings in Beyond, Inc. (NYSE:BYON)

Northern Trust Corp grew its position in shares of Beyond, Inc. (NYSE:BYON) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,450 shares of the company’s stock after purchasing an additional 22,276 shares during the period. Northern Trust Corp owned approximately 0.91% of Beyond worth $2,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BYON. Wedbush Securities Inc. lifted its holdings in shares of Beyond by 950.1% in the 4th quarter. Wedbush Securities Inc. now owns 132,023 shares of the company’s stock valued at $651,000 after acquiring an additional 119,450 shares during the last quarter. Refined Wealth Management lifted its holdings in shares of Beyond by 14.8% in the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after acquiring an additional 51,763 shares during the last quarter. Pamplona Capital Management LLC bought a new position in shares of Beyond in the 4th quarter valued at about $1,630,000. Raymond James Financial Inc. bought a new position in shares of Beyond in the 4th quarter valued at about $578,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Beyond in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Beyond Stock Down 4.2%

Shares of NYSE BYON opened at $5.65 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market cap of $325.89 million, a P/E ratio of -0.76 and a beta of 3.23. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $16.50. The firm has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $5.80.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.25. The business had revenue of $231.75 million during the quarter, compared to the consensus estimate of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The firm’s quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.22) earnings per share. Research analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current year.

Insider Activity

In related news, Chairman Marcus Lemonis purchased 19,193 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price 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 approximately $2,294,439.53. The trade was a 4.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BYON. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a report on Wednesday, April 30th. Jefferies Financial Group lowered their price target on shares of Beyond from $6.50 to $5.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Barclays lowered their price target on shares of Beyond from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Maxim Group lowered their price target on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.14.

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.