Bed Bath & Beyond Sees Unusually High Options Volume (BBBY)
Bed Bath & Beyond (NASDAQ:BBBY) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 14,970 put options on the company, AR Network reports. This represents an increase of approximately 663% compared to the average volume of 1,963 put options.
BBBY has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $74.00 to $80.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $79.00 to $84.00 in a research note to investors on Friday, September 20th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th.
Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.00.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.79% during mid-day trading on Wednesday, hitting $74.22. The stock had a trading volume of 2,627,787 shares. Bed Bath & Beyond has a 52 week low of $54.33 and a 52 week high of $78.25. The stock has a 50-day moving average of $74.30 and a 200-day moving average of $70.48. The company has a market cap of $15.872 billion and a price-to-earnings ratio of 16.21.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, September 25th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $5.02 EPS for the current fiscal year.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
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