The Bed Bath & Beyond Inc. (NASDAQ:BBBY) is going down by -2.76% in today’s trading session, a fall equivalent to -0.22% of the stock’s price from yesterday’s market close. A news came out on 07/23/19 stating that Bed Bath & Beyond Inc. Initiates Corporate Workforce Reduction by WSJ. The lowest point that the shares touched during the trading session was $8.125, while the peak of the day was recorded at a share price of $8.91. BBBY finished the previous session at $8.15 according to the data provided by Barchart, while the trading volume was observed to be $4,164,080.
In the 100 days of trading, BBBY managed to top a 13.32% Moving average. Additionally, Bed Bath & Beyond Inc. shares have achieved a 52-week range between 8.13 and 19.59 alongside 100 days raw stochastic set at 1.84%.
The number of shares outstanding, according to the fundamentals of the company, is set at 135.93M, equal to the value of $1.11B in market capitalization. Financial analysts indicate that BBBY shares should be still ranked as a “Hold”. In the last 30 days, Bed Bath & Beyond Inc. shares went down by -29.41%, adding 11.12 to growth in value, on top of a +2.88% boost since 07/12/19.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) Analyst’s Estimates
Bed Bath & Beyond Inc. (BBBY) could record at least $0.32 per share in quarterly earnings in the upcoming report on 09/21/2019, a number that would actually represent an increase of 7.72% YOY.
According to the average analyst rating, Bed Bath & Beyond Inc. would be rated as 2.95. Out of 20 different analysts monitoring BBBY stock, 2 analysts rate the stock as a BUY, 15 suggest to give the rating of HOLD, 0 indicate that BBBY is an OUTPERFORM, 0 rated the stock as a SELL, and 3 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-09-19, the stock earned a Upgrade rating due to a new analyst call from Evercore ISI, while analysts from Goldman believe that the stock is set at Sell, as concluded on Jul-11-19. Telsey Advisory Group, is still rather wary about the stock, deciding to keep the rating at Market Perform as confirmed through a call on Jul-03-19.
Regardless of the rating, Telsey Advisory Group did increase their price from $18 to $20 as they are considering target share price analysis. Morgan Stanley, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-05-19, giving the stock a Equal-Weight from the Underweight rating.
BBBY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +34.12% has been attained, while the operating margin has been recorded at +3.51%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -2.02%. Beta value of the stock is recorded at 1.23. Additionally, Bed Bath & Beyond Inc. is recording price volatility of 6.22% for the period of the last seven days and 5.71% in the last 30 days.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) Technical Outlook
For the period of the last 50 days, Bed Bath & Beyond Inc. had its Raw Stochastic average set at 3.64% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 8.59%. Stochastic %K for Bed Bath & Beyond Inc., with the last 20 days included, was set at 4.94%, having Stochastic %D topping 5.42%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Bed Bath & Beyond Inc. stocks with recording -55.07% in metrics.
Bed Bath & Beyond Inc. Insider Watch:
As far as the position of shares issued by Bed Bath & Beyond Inc. (NASDAQ:BBBY) for the period concluded at the market close of 08/13/19, 148 institutional investors increased their positions in BBBY shares by 30,696,551, 154 decreased positions by 25,902,012 and 62 institutional investors decided to hold positions at 104,940,725. These numbers put the complete list of institutional holdings set at 161,539,288 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 62 institutional investments with 4,367,397 new shares in addition to having 54 institutional investors selling their positions in 4,657,895 shares.