Bed Bath & Beyond Inc. (NASDAQ:BBBY) has a beta value of 1.94 and has seen 2,946,691 shares traded in the recent trading session. The company, currently valued at $3.38 Billion, closed the recent trade at $27.93 per share which meant it lost -$1.57 on the day or -5.32% during that session. The BBBY stock price is -92.98% off its 52-week high price of $53.9 and 84.53% above the 52-week low of $4.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.01 Million shares traded. The 3-month trading volume is 12.69 Million shares.
The consensus among analysts is that Bed Bath & Beyond Inc. (BBBY) is a Hold stock at the moment, with a recommendation rating of 3.1. 5 analysts rate the stock as a Sell, while none rate it as Overweight. 10 out of 18 have rated it as a Hold, with 2 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.31.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) trade information
Despite being -5.32% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Apr 12 when the BBBY stock price touched $30.84- or saw a rise of 9.6%. Year-to-date, Bed Bath & Beyond Inc. shares have moved 56.98%, while the 5-day performance has seen it change -2.31%. Over the past 30 days, the shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have changed -7.56%. Short interest in the company has seen 25.06 Million shares shorted with days to cover at 1.97.
Wall Street analysts have a consensus price target for the stock at $27.88, which means that the shares’ value could jump -0.18% from the levels at last check today. The projected low price target is $14.5 while the price target rests at a high of $40. In that case, then, we find that the latest price level in today’s session is +43.22% off the targeted high while a plunge would see the stock lose -48.08% from the levels at last check today.
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 +35.57% over the past 6 months, with this year growth rate of -343.48%, compared to 11.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -18.4% and 105.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.8%.
15 analysts offering their estimates for the company have set an average revenue estimate of $2.63 Billion for the current quarter. 11 have an estimated revenue figure of $1.91 Billion for the next quarter concluding in May 01, 2021. Year-ago sales stood $3.11 Billion and $1.39 Billion respectively for this quarter and the next, and analysts expect sales will grow by -15.5% for the current quarter and 37.2% 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 2021 is a modest -383.1% while over the next 5 years, the company’s earnings are expected to increase by 67.9%.
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Bed Bath & Beyond Inc. is expected to release its next earnings report between April 14 and April 14 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 5.93% of the company shares, while shares held by institutions stand at 126.96% with a share float percentage of 134.97%. Investors are also buoyed by the number of investors in a company, with Bed Bath & Beyond Inc. having a total of 420 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 23.18 Million shares worth more than $411.7 Million. As of December 30, 2020, Blackrock Inc. held 19.12% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 18.9 Million shares as of December 30, 2020. The firm’s total holdings are worth over $335.69 Million and represent 15.59% 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 January 30, 2021, the former fund manager holds about 8.66% shares in the company for having 10500188 shares of worth $370.97 Million while later fund manager owns 8.08 Million shares of worth $235.52 Million as of March 30, 2021, which makes it owner of about 6.67% of company’s outstanding stock.