Bed Bath & Beyond Inc. (NASDAQ:BBBY) has a beta value of 2.49 and has seen 2,381,899 shares traded in the recent trading session. The company, currently valued at $1.64 Billion, closed the recent trade at $12.85 per share which meant it gained $0.16 on the day or 1.26% during that session. The BBBY stock price is -38.44% off its 52-week high price of $17.79 and 73.31% above the 52-week low of $3.43. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.47 Million shares traded. The 3-month trading volume is 10.88 Million shares.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) trade information
Sporting 1.26% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 15 when the BBBY stock price touched $12.95- or saw a rise of 0.89%. Year-to-date, Bed Bath & Beyond Inc. shares have moved -25.81%, while the 5-day performance has seen it change 13.38%. Over the past 30 days, the shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have changed 3.93%. Short interest in the company has seen 69.35 Million shares shorted with days to cover at 6.37.
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 gained +108.37% over the past 6 months, with this year growth rate of -608.7%, compared to -8.5% 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 -182.4% and -13.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be -14.7%.
16 analysts offering their estimates for the company have set an average revenue estimate of $2.57 Billion for the current quarter. 16 have an estimated revenue figure of $2.62 Billion for the next quarter concluding in November 01, 2020. Year-ago sales stood $2.72 Billion and $2.76 Billion respectively for this quarter and the next, and analysts expect sales will grow by -5.7% for the current quarter and -5% 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 65%.
Bed Bath & Beyond Inc. is expected to release its next earnings report between October 01 and October 01 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 Blackrock Inc. with over 19.99 Million shares worth more than $211.94 Million. As of June 29, 2020, Blackrock Inc. held 15.7% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 15.73 Million shares as of June 29, 2020. The firm’s total holdings are worth over $166.77 Million and represent 12.35% 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 Smallcap ETF. As of April 29, 2020, the former fund manager holds about 8.73% shares in the company for having 11123026 shares of worth $68.85 Million while later fund manager owns 7.82 Million shares of worth $82.88 Million as of June 29, 2020, which makes it owner of about 6.14% of company’s outstanding stock.