Is a Correction Looming Ahead for Bed Bath & Beyond Inc. (BBBY) – News Heater
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Is a Correction Looming Ahead for Bed Bath & Beyond Inc. (BBBY)

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Bed Bath & Beyond Inc. (NASDAQ:BBBY) went down by -0.04% from its latest closing price compared to the recent 1-year high of $53.90. Press Release reported on 09/22/21 that Bed Bath & Beyond And DoorDash Expand Partnership For Nationwide On-Demand Delivery

Is It Worth Investing in Bed Bath & Beyond Inc. (NASDAQ :BBBY) Right Now?

Bed Bath & Beyond Inc. (NASDAQ:BBBY) scored a price-to-earnings ratio above its average ratio, recording 38.21 x from its present earnings ratio. Plus, the 36-month beta value for BBBY is at 1.87. Opinions of the stock are interesting as 3 analysts out of 22 who provided ratings for Bed Bath & Beyond Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 13 rated it as “hold,” and 5 as “sell.”

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The average price from analysts is $31.07, which is $7.47 above the current price. BBBY currently public float of 100.94M and currently shorts hold a 21.10% ratio of that float. Today, the average trading volume of BBBY was 3.71M shares.

BBBY’s Market Performance

BBBY stocks went down by 0.00% for the week, with a monthly drop of -18.00% and a quarterly performance of -22.45%, while its annual performance rate touched 75.66%. The volatility ratio for the week stands at 4.02% while the volatility levels for the past 30 days are set at 4.52% for Bed Bath & Beyond Inc.. The simple moving average for the period of the last 20 days is -8.47% for BBBY stocks with a simple moving average of -13.05% for the last 200 days.

Analysts’ Opinion of BBBY

Many brokerage firms have already submitted their reports for BBBY stocks, with B. Riley Securities repeating the rating for BBBY by listing it as a “Buy.” The predicted price for BBBY in the upcoming period, according to B. Riley Securities is $44 based on the research report published on July 01st of the current year 2021.

BofA Securities, on the other hand, stated in their research note that they expect to see BBBY reach a price target of $38. The rating they have provided for BBBY stocks is “Buy” according to the report published on June 24th, 2021.

Credit Suisse gave a rating of “Neutral” to BBBY, setting the target price at $19 in the report published on May 19th of the current year.

BBBY Trading at -13.50% from the 50-Day Moving Average

After a stumble in the market that brought BBBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.47% of loss for the given period.

Volatility was left at 4.52%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -18.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.88% lower at present.

During the last 5 trading sessions, BBBY remain unchanged, which changed the moving average for the period of 200-days by +22.38% in comparison to the 20-day moving average, which settled at $25.37. In addition, Bed Bath & Beyond Inc. saw 32.09% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BBBY starting from EDELMAN HARRIET, who purchase 11,000 shares at the price of $27.47 back on Jul 15. After this action, EDELMAN HARRIET now owns 47,869 shares of Bed Bath & Beyond Inc., valued at $302,153 using the latest closing price.

Hartmann John R., the EVP, Chief Operating Officer of Bed Bath & Beyond Inc., sale 45,000 shares at $31.94 during a trade that took place back on Jul 02, which means that Hartmann John R. is holding 693,499 shares at $1,437,174 based on the most recent closing price.

Stock Fundamentals for BBBY

Current profitability levels for the company are sitting at:

  • -1.65 for the present operating margin
  • +33.74 for the gross margin

The net margin for Bed Bath & Beyond Inc. stands at -1.63. The total capital return value is set at -3.05, while invested capital returns managed to touch -3.30. Equity return is now at value 7.30, with 1.50 for asset returns.

Based on Bed Bath & Beyond Inc. (BBBY), the company’s capital structure generated 239.65 points at debt to equity in total, while total debt to capital is 70.56. Total debt to assets is 47.39, with long-term debt to equity ratio resting at 211.45. Finally, the long-term debt to capital ratio is 62.26.

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When we switch over and look at the enterprise to sales, we see a ratio of 0.54, with the company’s debt to enterprise value settled at 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.

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