The consensus among analysts is that Bed Bath & Beyond Inc. (BBBY) is a Hold stock at the moment, with a recommendation rating of 2.8. 4 analysts rate the stock as a Sell, while none rate it as Overweight. 12 out of 19 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$1.21.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) trade information
Sporting 7.66% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the BBBY stock price touched $11.10- or saw a rise of 2.52%. Year-to-date, Bed Bath & Beyond Inc. shares have moved -37.46%, while the 5-day performance has seen it change 8.53%. Over the past 30 days, the shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have changed 48.83%. Short interest in the company has seen 69.91 Million shares shorted with days to cover at 5.07.
Bed Bath & Beyond Inc. (BBBY) estimates and forecasts
Figures show that Bed Bath & Beyond Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -36.65% over the past 6 months, with this year growth rate of -595.65%, compared to -21.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1108.3% and -217.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -20.1%.
16 analysts offering their estimates for the company have set an average revenue estimate of $1.35 Billion for the current quarter. 16 have an estimated revenue figure of $2.2 Billion for the next quarter concluding in August 01, 2020. Year-ago sales stood $2.57 Billion and $2.72 Billion respectively for this quarter and the next, and analysts expect sales will grow by -47.6% for the current quarter and -19% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.4% over the past 5 years. Earnings growth for 2020 is a modest -383.1% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Bed Bath & Beyond Inc. is expected to release its next earnings report between July 08 and July 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.68 at a share yield of 17.94%.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s Major holders
Insiders own 5.07% of the company shares, while shares held by institutions stand at 114.55% with a share float percentage of 120.67%. Investors are also buoyed by the number of investors in a company, with Bed Bath & Beyond Inc. having a total of 399 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 15.01 Million shares worth more than $63.19 Million. As of March 30, 2020, FMR, LLC held 11.79% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 14.55 Million shares as of March 30, 2020. The firm’s total holdings are worth over $61.26 Million and represent 11.43% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Low-Priced Stock Fund and iShares Core S&P Midcap ETF. As of January 30, 2020, the former fund manager holds about 8.82% shares in the company for having 11234358 shares of worth $160.09 Million while later fund manager owns 3.53 Million shares of worth $14.85 Million as of March 30, 2020, which makes it owner of about 2.77% of company’s outstanding stock.