Tuesday, December 1, 2020

Odeon slashes price target on Bed Bath & Beyond Inc. [BBBY] – find out why.

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Bed Bath & Beyond Inc. [NASDAQ: BBBY] traded at a high on 06/15/20, posting a 3.33 gain after which it closed the day’ session at $8.37. The results of the trading session contributed to over 14665584 shares changing hands. Over the past one week, the price volatility of Bed Bath & Beyond Inc. stands at 9.16% while the volatility over the past one month is 9.19%.

The market cap for BBBY stock reached $975.61 million, with 123.34 million shares outstanding and 119.35 million shares in the current float. Compared to the average trading volume of 13.21M shares, BBBY reached a trading volume of 14665584 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Bed Bath & Beyond Inc. [BBBY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBBY shares is $7.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBBY stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Odeon have made an estimate for Bed Bath & Beyond Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 26, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $7 to $4. The new note on the price target was released on April 03, 2020, representing the official price target for Bed Bath & Beyond Inc. stock. Previously, the target price had yet another drop from $15 to $7, while Telsey Advisory Group kept a Market Perform rating on BBBY stock.

The Average True Range (ATR) for Bed Bath & Beyond Inc. is set at 0.72, with the Price to Sales ratio for BBBY stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 11.89. Price to Free Cash Flow for BBBY in the course of the last twelve months was 4.37 with Quick ratio for the last quarter at 0.70.

How has BBBY stock performed recently?

Bed Bath & Beyond Inc. [BBBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.11. With this latest performance, BBBY shares gained by 56.45% in over the last four-week period, additionally sinking by -47.11% over the last 6 months – not to mention a drop of -30.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBBY stock in for the last two-week period is set at 57.88, with the RSI for the last a single of trading hit 55.88, and the three-weeks RSI is set at 56.36 for Bed Bath & Beyond Inc. [BBBY]. The present Moving Average for the last 50 days of trading for this stock 6.33, while it was recorded at 8.26 for the last single week of trading, and 10.82 for the last 200 days.

Bed Bath & Beyond Inc. [BBBY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bed Bath & Beyond Inc. [BBBY] shares currently have an operating margin of -0.77 and a Gross Margin at +31.72. Bed Bath & Beyond Inc.’s Net Margin is presently recorded at -5.50.

Return on Total Capital for BBBY is now -1.76, given the latest momentum, and Return on Invested Capital for the company is -13.31. Return on Equity for this stock declined to -28.38, with Return on Assets sitting at -8.55. When it comes to the capital structure of this company, Bed Bath & Beyond Inc. [BBBY] has a Total Debt to Total Equity ratio set at 219.51. Additionally, BBBY Total Debt to Total Capital is recorded at 68.70, with Total Debt to Total Assets ending up at 49.73. Long-Term Debt to Equity for the company is recorded at 193.19, with the Long-Term Debt to Total Capital now at 60.46.

Reflecting on the efficiency of the workforce at the company, Bed Bath & Beyond Inc. [BBBY] managed to generate an average of -$11,160 per employee.Bed Bath & Beyond Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.60.

Earnings analysis for Bed Bath & Beyond Inc. [BBBY]

With the latest financial reports released by the company, Bed Bath & Beyond Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBBY.

Insider trade positions for Bed Bath & Beyond Inc. [BBBY]

There are presently around $1,177 million, in the hands of institutional investors. The top three institutional holders of BBBY stocks are: FMR LLC with ownership of 15,009,163, which is approximately -0.084% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 14,550,279 shares of the stock with an approximate value of $117.86 million in BBBY stocks shares; and CONTRARIUS INVESTMENT MANAGEMENT LTD, currently with $99.78 million in BBBY stock with ownership of nearly 6.208% of the company’s market capitalization.

Positions in Bed Bath & Beyond Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 140 institutional holders increased their position in Bed Bath & Beyond Inc. [NASDAQ:BBBY] by around 23,802,613 shares. Additionally, 150 investors decreased positions by around 22,199,502 shares, while 61 investors held positions by with 99,352,790 shares. The mentioned changes placed institutional holdings at 145,354,905 shares, according to the latest SEC report filing. BBBY stock had 48 new institutional investments in for a total of 8,022,549 shares, while 73 institutional investors sold positions of 8,434,698 shares during the same period.

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