Stock Traders Purchase Large Volume of Put Options on Bed Bath & Beyond (BBBY)
Shares of Bed Bath & Beyond (NASDAQ:BBBY) was the target of unusually large options trading activity on Monday. Investors purchased 7,935 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 644% compared to the average daily volume of 1,066 put options.
BBBY has been the subject of a number of recent research reports. Analysts at UBS AG reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note to investors on Monday. They now have a $84.00 price target on the stock, up previously from $80.00. Separately, analysts at Thomson Reuters/Verus downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at ISI Group upgraded shares of Bed Bath & Beyond to a “neutral” rating in a research note to investors on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.95.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 1.65% on Monday, hitting $79.15. The stock had a trading volume of 2,187,912 shares. Bed Bath & Beyond has a 52-week low of $54.62 and a 52-week high of $80.82. The stock has a 50-day moving average of $78.00 and a 200-day moving average of $75.78. The company has a market cap of $16.681 billion and a P/E ratio of 16.76.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.