Filings Don’t Lie: Bebe Stores, Inc: Michael Zimmerman’s Prentice Capital Management Opened Big New Position

Filings Don't Lie: Bebe Stores, Inc: Michael Zimmerman's Prentice Capital Management Opened Big New Position

The New Michael Zimmerman’s Prentice Capital Management Holding in Bebe Stores, Inc

Prentice Capital Management filed with the SEC SC 13G form for Bebe Stores, Inc. The form can be accessed here: 000114420416131775. As reported in Michael Zimmerman’s Prentice Capital Management’s form, the filler as of late owns 5.47% or 4,377,081 shares of the Consumer Discretionary–company.

Bebe Stores, Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 4, 2016. We feel this shows Michael Zimmerman’s Prentice Capital Management’s positive view for the stock. For a hedge fund managing $481.27 million in assets and having 8+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Michael Zimmerman’s Prentice Capital Management’s US equities portfolio is in this sector.

Bebe Stores, Inc Institutional Sentiment

Latest Security and Exchange filings show 57 investors own Bebe Stores, Inc. The institutional ownership in Q3 2015 is high, at 35.14% of the outstanding shares. This is increased by 3387298 the total institutional shares. 28133979 were the shares owned by these institutional investors. In total 2 funds opened new Bebe Stores, Inc stakes, 20 increased stakes. There were 15 that closed positions and 23 reduced them.

Financial Management Professionals Inc is an institutional investor bullish on Bebe Stores, Inc, owning 511 shares as of Q3 2015 for less than 0.01% of its portfolio. White Pine Capital Llc owns 10000 shares or less than 0.01% of its portfolio. NY Paradigm Capital Management Inc have 0.45% of their stock portfolio for 3900500 shares. Further, Killen Group Inc reported stake worth 0.35% of its US stock portfolio. The CT Prentice Capital Management Lp owns 2090766 shares. Bebe Stores, Inc is 7.63% of the manager’s US portfolio.

Business Profile

bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It designs and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers. The Company also offers accessories, which include jewelry, optical, fragrance, shoes and handbags. The Company operates stores in the United States, Puerto Rico and Canada. In addition, it has an online store at www.bebe.com that ships to customers in the United States, Canada, Puerto Rico, the United States Protectorates and internationally via its third-party providers, International Checkout and Shoprunner. It has international stores operated by licensees in South East Asia, the United Arab Emirates, Russia, South America, Turkey and other territories.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.36 in Q2 2016. Its down 0.19, from 0.55 in 2016Q1. The ratio dropped, as 16 funds sold all bebe stores, inc. shares owned while 17 reduced positions. 8 funds bought stakes while 4 increased positions. They now own 6.30 million shares or 43.29% less from 11.10 million shares in 2016Q1.

Price T Rowe Assoc Md holds 0% of its portfolio in bebe stores, inc. (NASDAQ:BEBE) for 42,100 shares. Citadel Advisors Llc accumulated 41,764 shares or 0% of the stock. Credit Suisse Ag last reported 0% of its portfolio in the stock. Pnc Finance Ser has 2,234 shares for 0% of their US portfolio. Connor Clark & Lunn Investment Mngmt Ltd holds 41,200 shares or 0% of its portfolio. New York State Common Retirement Fund has 7,800 shares for 0% of their US portfolio. Guggenheim Cap Ltd Llc owns 13,048 shares or 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in bebe stores, inc. (NASDAQ:BEBE). Citigroup has 1 shares for 0% of their US portfolio. Comml Bank Of America Corporation De reported 9,451 shares or 0% of all its holdings. The California-based California Pub Employees Retirement has invested 0% in bebe stores, inc. (NASDAQ:BEBE). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in bebe stores, inc. (NASDAQ:BEBE). Eidelman Virant has invested 0.01% of its portfolio in bebe stores, inc. (NASDAQ:BEBE). Vanguard Group accumulated 0% or 1.14M shares. Goldman Sachs Group Incorporated holds 0% of its portfolio in bebe stores, inc. (NASDAQ:BEBE) for 183,930 shares.

The stock decreased 0.99% or $0.006 on November 4, hitting $0.57. About 66,899 shares traded hands. bebe stores, inc. (NASDAQ:BEBE) has risen 5.45% since April 4, 2016 and is uptrending. It has outperformed by 4.36% the S&P500.

bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The company has a market cap of $47.74 million. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It currently has negative earnings. It creates and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers.

bebe stores, inc. (NASDAQ:BEBE) Ratings Coverage

Out of 2 analysts covering Bebe Stores Inc. (NASDAQ:BEBE), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $2 is the highest target while $0.80 is the lowest. The $1.40 average target is 145.61% above today’s ($0.57) stock price. Bebe Stores Inc. has been the topic of 5 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Mizuho on Friday, October 2. The stock of bebe stores, inc. (NASDAQ:BEBE) has “Hold” rating given on Tuesday, September 1 by Zacks.

Another recent and important bebe stores, inc. (NASDAQ:BEBE) news was published by Businesswire.com which published an article titled: “bebe stores, inc. and Bluestar Alliance LLC Announce Strategic Joint Venture …” on June 08, 2016.

According to Zacks Investment Research, “Bebe Stores designs, develops and produces a distinctive line of contemporary women’s apparel and accessories. They market their products under the bebe, bebe moda and bbsp brand names through their retail stores located in Canada and the United Kingdom. Their broad product offering includes suits, tops, pants, skirts, dresses, logo and other activewear, outerwear, and handbags and other accessories. Bebe Stores design and develop most of the merchandise in-house.”

BEBE Company Profile

bebe stores, inc., incorporated on June 7, 1976, designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It creates and develops its merchandise in-house, which is manufactured to its specifications, and it also sources directly from third-party manufacturers. The Firm also offers accessories, which include jewelry, optical, fragrance, shoes and handbags. The Firm intends to start selling co-branded and third-party labeled product as well. The Firm operates stores in the United States, Puerto Rico and Canada. In addition, it has an online store at www.bebe.com that ships to clients in the United States, Canada, Puerto Rico, the United States Protectorates and internationally via its third-party providers, International Checkout and Shoprunner.

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