In the last trading session, 2,477,381 shares of the Bed Bath & Beyond Inc.(NASDAQ:BBBY) were traded, and its beta was 1.81. Most recently the company’s share price was $26.47, and it changed around $0.18 or 0.01% from the last close, which brings the market valuation of the company to $3.21 Billion. BBBY currently trades at a discount to its 52-week high of $53.9, offering almost -103.63% off that amount. The share price’s 52-week low was $3.43, which indicates that the current value has risen by an impressive 87.04% since then. We note from Bed Bath & Beyond Inc.’s average daily trading volume that its 10-day average is 3.14 Million shares, with the 3-month average coming to 14.49 Million.
Bed Bath & Beyond Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.1. If we narrow it down even further, the data shows that 5 out of 19 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 12 recommended BBBY as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Bed Bath & Beyond Inc. is expected to report earnings per share of $0.31 for the current quarter.
Bed Bath & Beyond Inc. (NASDAQ:BBBY): Trading Information
Instantly BBBY has showed a green trend with a performance of 0.68% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $28.65 on Friday, Feb 12 increased the stock’s daily price by 7.61%. The company’s shares are currently up 0.49% year-to-date, but still down -0.0406 over the last five days. On the other hand, Bed Bath & Beyond Inc. (NASDAQ:BBBY) is 0.06% up in the 30-day period. We can see from the shorts that 31.77 Million shares have been sold at a short interest cover period of 2.19 day(s).
The consensus price target as assigned by Wall Street analysts is $27.32, which translates to bears needing to increase their stock price by 3.21% from its current value. Analyst projections state that BBBY is forecast to be at a low of $14.5 and a high of $40. In order for the stock price to hit the forecast high, the stock would need to surge +51.11% from its current level, while the stock would need to crash -45.22% from its current level to reach the projected low.
Bed Bath & Beyond Inc. (BBBY) projections and forecasts
Bed Bath & Beyond Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +116.97 percent over the past six months and at a -339.13% annual growth rate that is well below the industry average of 7.2%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -18.4% in revenue this quarter, and will report an increase of 105.6% in the next quarter. The year-over-year growth rate is expected to be -17.3%, down from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $2.63 Billion in revenue for the current quarter. 10 analysts expect Bed Bath & Beyond Inc. to make $1.87 Billion in revenue for the quarter ending May 01, 2021. The company’s sales for the same quarters a year ago were $3.11 Billion and $1.39 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.3%. Forecasts for the next quarter put sales growth at 34.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.4%. Bed Bath & Beyond Inc. earnings are expected to decrease by -383.1% in 2021, but the outlook is positive 67.9% per year for the next five years.
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BBBY Dividend Yield
Bed Bath & Beyond Inc.’s next quarterly earnings report is expected to be released around April 13 – April 19, 2021. The annual dividend yield of the stock is 17.94 percent and its annual dividend per share was $0.68. It is important to note, however, that the 17.94% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 5.76% of Bed Bath & Beyond Inc. shares, and 117.88% of them are in the hands of institutional investors. The stock currently has a share float of 125.08%. Bed Bath & Beyond Inc. stock is held by 388 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 19.12% of the shares, which is about 23.18 Million shares worth $411.7 Million.
FMR, LLC, with 15.59% or 18.9 Million shares worth $335.69 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.