BED BATH & BEYOND Sees Unusually High Options Volume (NASDAQ:NXH)

BED BATH & BEYOND, INC. (NASDAQ:NXH) saw some unusual options trading on Monday. Stock traders acquired 10,836 call options on the company. This is an increase of approximately 286% compared to the average volume of 2,805 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on BED BATH & BEYOND in a report on Friday, August 21st. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BED BATH & BEYOND currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BED BATH & BEYOND stock. Corient Private Wealth LP purchased a new stake in BED BATH & BEYOND, INC. (NASDAQ:NXH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 154,136 shares of the company’s stock, valued at approximately $892,000. Corient Private Wealth LP owned approximately 0.16% of BED BATH & BEYOND as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 76.30% of the company’s stock.

BED BATH & BEYOND Trading Down 11.2%

Shares of BED BATH & BEYOND stock opened at $1.83 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06. BED BATH & BEYOND has a 52 week low of $1.74 and a 52 week high of $12.18. The stock has a market capitalization of $174.76 million, a price-to-earnings ratio of -1.61 and a beta of 3.01.

BED BATH & BEYOND (NASDAQ:NXH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.53) earnings per share for the quarter. BED BATH & BEYOND had a negative net margin of 7.13% and a negative return on equity of 37.60%. The business had revenue of $361.16 million for the quarter. As a group, analysts expect that BED BATH & BEYOND will post -0.93 earnings per share for the current fiscal year.

About BED BATH & BEYOND

Bed Bath & Beyond was a U.S. home-goods retailer that operated stores and an e-commerce platform offering bedding, bath products, kitchenware, home décor, furniture, storage solutions and related household merchandise. The company served consumers primarily in the United States and Canada through its flagship Bed Bath & Beyond stores and affiliated concepts, including buybuy BABY and Harmon.

The original Bed Bath & Beyond Inc filed for bankruptcy protection in 2023 and subsequently ceased operating its retail business.