Bed Bath & Beyond Inc. (NASDAQ:BBBY) was the target of unusually large options trading activity on Wednesday. Traders acquired 41,389 call options on the stock. This is an increase of approximately 976% compared to the typical daily volume of 3,847 call options.
Shares of NASDAQ BBBY opened at $12.26 on Thursday. The stock has a market capitalization of $1.65 billion, a PE ratio of 3.93, a price-to-earnings-growth ratio of 5.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.75. Bed Bath & Beyond has a 1 year low of $10.46 and a 1 year high of $24.08.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, January 9th. The retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.04 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. Analysts expect that Bed Bath & Beyond will post 2.01 EPS for the current year.
Several equities research analysts have recently weighed in on BBBY shares. Zacks Investment Research raised shares of Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, November 27th. BidaskClub raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Wedbush set a $18.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Thursday, September 13th. Credit Suisse Group decreased their price objective on shares of Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, September 27th. Finally, Deutsche Bank set a $14.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Thursday, September 27th. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.31.
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About Bed Bath & Beyond
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.
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