Allbirds, Inc. Plans Special Dividend of $0.31 (NASDAQ:BIRD)

Allbirds, Inc. (NASDAQ:BIRD) announced a special dividend on Thursday, August 13th. Shareholders of record on Thursday, June 25th will be given a dividend of 0.31 per share on Thursday, August 20th. The ex-dividend date is Friday, August 21st.

Allbirds Stock Up 3.1%

Allbirds stock traded up $0.08 during trading hours on Thursday, hitting $2.64. The stock had a trading volume of 377,261 shares, compared to its average volume of 3,099,842. The company has a quick ratio of 0.68, a current ratio of 1.59 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $23.26 million, a P/E ratio of -0.29 and a beta of 2.58. Allbirds has a 12-month low of $2.15 and a 12-month high of $24.31. The stock’s 50-day moving average price is $3.45 and its 200-day moving average price is $3.96.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings results on Monday, April 20th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $22.32 million for the quarter. Allbirds had a negative net margin of 53.36% and a negative return on equity of 173.54%.

Analyst Ratings Changes

Several analysts have commented on BIRD shares. Wall Street Zen downgraded Allbirds from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About Allbirds

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.