Short Interest in Bed Bath & Beyond Rises By 24.6% (BBBY)
Shares of Bed Bath & Beyond (NASDAQ:BBBY) saw a large growth in short interest in May. As of May 30th, there was short interest totalling 9,574,338 shares, a growth of 24.6% from the May 15th total of 7,685,427 shares, StockRatingsNetwork reports. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,327,087 shares, the short-interest ratio is presently 4.1 days.
A number of research firms have recently commented on BBBY. Analysts at Wolfe Research downgraded shares of Bed Bath & Beyond to an “underperform” rating in a research note on Tuesday. Separately, analysts at Wolfe downgraded shares of Bed Bath & Beyond from a “market perform” rating to an “underperform” rating in a research note on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Thursday, April 24th. They now have a $66.00 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $73.10.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 60.47 on Friday. Bed Bath & Beyond has a 52-week low of $60.29 and a 52-week high of $80.82. The stock’s 50-day moving average is $61.69 and its 200-day moving average is $67.8. The company has a market cap of $12.182 billion and a P/E ratio of 12.68.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $1.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.60. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter last year, the company posted $1.68 earnings per share. Bed Bath & Beyond’s revenue was down 5.8% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond will post $5.05 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).
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.