Key Points
- Director Joseph Tabacco, Jr. bought 20,000 shares at $5.11 each for $102,200, increasing his holding by 13.59% to 167,209 shares (about $854,438) as disclosed in an SEC filing.
- Bed Bath & Beyond reported Q4 EPS of ($0.16), beating estimates but remaining unprofitable with a negative net margin and analysts forecasting roughly -3.75 EPS for the year.
- The stock trades near $4.85 with a market cap of about $335 million; analysts have a consensus rating of Hold and an average target of $7.00, and institutions own roughly 76% of the shares.
Bed Bath & Beyond, Inc. (NYSE:BBBY - Get Free Report) Director Joseph Tabacco, Jr. bought 20,000 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $5.11 per share, for a total transaction of $102,200.00. Following the purchase, the director directly owned 167,209 shares in the company, valued at approximately $854,437.99. This represents a 13.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Bed Bath & Beyond Price Performance
NYSE:BBBY traded up $0.25 during trading hours on Friday, reaching $4.85. 1,096,342 shares of the stock were exchanged, compared to its average volume of 1,923,378. The stock has a market cap of $334.70 million, a PE ratio of -3.33 and a beta of 3.02. Bed Bath & Beyond, Inc. has a twelve month low of $3.54 and a twelve month high of $12.65. The firm has a 50 day moving average of $5.85 and a 200 day moving average of $7.17.
Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.07. The company had revenue of $273.43 million for the quarter. Bed Bath & Beyond had a negative net margin of 8.10% and a negative return on equity of 33.44%. Equities research analysts anticipate that Bed Bath & Beyond, Inc. will post -3.75 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Bed Bath & Beyond in a research report on Wednesday, January 21st. Wedbush decreased their price objective on Bed Bath & Beyond from $13.00 to $7.00 and set an "outperform" rating for the company in a report on Wednesday, February 18th. Finally, Piper Sandler set a $8.00 target price on Bed Bath & Beyond and gave the company a "neutral" rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.00.
Check Out Our Latest Research Report on BBBY
Hedge Funds Weigh In On Bed Bath & Beyond
A number of institutional investors have recently added to or reduced their stakes in BBBY. Headlands Technologies LLC bought a new stake in Bed Bath & Beyond during the second quarter worth $33,000. Public Employees Retirement System of Ohio bought a new position in shares of Bed Bath & Beyond in the 4th quarter valued at about $37,000. Ameritas Investment Partners Inc. grew its position in shares of Bed Bath & Beyond by 25.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,617 shares of the company's stock valued at $39,000 after acquiring an additional 1,133 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Bed Bath & Beyond during the 4th quarter worth about $47,000. Finally, Stockman Wealth Management Inc. bought a new stake in shares of Bed Bath & Beyond in the 4th quarter valued at about $55,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.
About Bed Bath & Beyond
(
Get Free Report)
Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.
The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.
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