Bed Bath & Beyond Sees Unusually Large Options Volume (BBBY)

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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.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Bed Bath & Beyond by 124.8% in the 2nd quarter. Signaturefd LLC now owns 5,930 shares of the retailer’s stock valued at $118,000 after acquiring an additional 3,292 shares during the period. Ardsley Advisory Partners acquired a new stake in Bed Bath & Beyond during the 2nd quarter worth approximately $199,000. Bridgeway Capital Management Inc. acquired a new stake in Bed Bath & Beyond during the 3rd quarter worth approximately $242,000. Kentucky Retirement Systems acquired a new stake in Bed Bath & Beyond during the 3rd quarter worth approximately $1,424,000. Finally, Tower Research Capital LLC TRC raised its holdings in Bed Bath & Beyond by 23.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,891 shares of the retailer’s stock worth $396,000 after buying an additional 3,763 shares during the period. 97.45% of the stock is currently owned by institutional investors.

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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