Stock Traders Purchase High Volume of Bed Bath & Beyond Call Options (BBBY)
Bed Bath & Beyond (NASDAQ:BBBY) was the target of some unusual options trading activity on Friday. Stock investors acquired 22,160 call options on the stock, AR Network reports. This is an increase of approximately 179% compared to the average volume of 7,954 call options.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Bed Bath & Beyond from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $51.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Friday, July 4th. They now have a $62.00 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Bed Bath & Beyond in a research note on Thursday, June 26th. They now have a $80.00 price target on the stock, down previously from $83.00. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.72.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded up 2.19% during mid-day trading on Friday, hitting $59.61. The stock had a trading volume of 6,049,265 shares. Bed Bath & Beyond has a 52 week low of $54.96 and a 52 week high of $80.82. The stock has a 50-day moving average of $60.18 and a 200-day moving average of $65.3. The company has a market cap of $11.824 billion and a price-to-earnings ratio of 12.12.
Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings data on Wednesday, June 25th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.02. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $4.97 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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