Bed Bath & Beyond (NASDAQ:BBBY) Trading Down 4.5%

Bed Bath & Beyond Inc. (NASDAQ:BBBYGet Rating) shares traded down 4.5% on Tuesday . The stock traded as low as $16.50 and last traded at $16.50. 8,296 shares were traded during trading, a decline of 100% from the average session volume of 8,274,625 shares. The stock had previously closed at $17.28.

Several equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Bed Bath & Beyond in a research note on Thursday, March 31st. They set a “sell” rating for the company. Wedbush dropped their price objective on shares of Bed Bath & Beyond from $18.00 to $14.00 in a research note on Monday, January 3rd. KeyCorp dropped their price objective on shares of Bed Bath & Beyond from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, January 5th. UBS Group dropped their price objective on shares of Bed Bath & Beyond from $20.00 to $13.00 and set a “sell” rating for the company in a research note on Tuesday, January 4th. Finally, The Goldman Sachs Group dropped their price objective on shares of Bed Bath & Beyond from $14.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, April 14th. Eight investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $13.69.

The business’s fifty day moving average is $19.39 and its two-hundred day moving average is $17.71. The company has a market cap of $1.52 billion, a P/E ratio of -2.78 and a beta of 1.59. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.31 and a current ratio of 1.14.

Bed Bath & Beyond (NASDAQ:BBBYGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The retailer reported ($0.92) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.95). Bed Bath & Beyond had a negative net margin of 7.11% and a negative return on equity of 14.09%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond Inc. will post -2.49 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Brown Advisory Inc. raised its holdings in shares of Bed Bath & Beyond by 14.0% in the 4th quarter. Brown Advisory Inc. now owns 2,830,673 shares of the retailer’s stock valued at $41,270,000 after purchasing an additional 346,912 shares in the last quarter. Cubic Asset Management LLC purchased a new position in shares of Bed Bath & Beyond in the 3rd quarter worth approximately $1,094,000. Credit Suisse AG grew its position in shares of Bed Bath & Beyond by 30.9% in the 3rd quarter. Credit Suisse AG now owns 491,854 shares of the retailer’s stock worth $8,497,000 after buying an additional 116,194 shares during the last quarter. Campbell Capital Management Inc. purchased a new position in shares of Bed Bath & Beyond in the 4th quarter worth approximately $247,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Bed Bath & Beyond by 6.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,802 shares of the retailer’s stock worth $221,000 after buying an additional 809 shares during the last quarter.

Bed Bath & Beyond Company Profile (NASDAQ:BBBY)

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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