Bed Bath & Beyond Inc. [BBBY] is 16.30% higher this YTD. Is it still time to buy?

Bed Bath & Beyond Inc. [NASDAQ: BBBY] closed the trading session at $20.12 on 11/17/20. The day’s price range saw the stock hit a low of $19.84, while the highest price level was $20.58. The company report on November 13, 2020 that Bed Bath & Beyond Completes Sale Of Christmas Tree Shops, Linen Holdings And Distribution Center In Florence, NJ.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) announced the completion of the sale of its Christmas Tree Shops retail banner, its institutional Linen Holdings business and a distribution center located in Florence, NJ. Total cash proceeds from the three separate sale agreements were approximately $250 million.

Mark Tritton, President and Chief Executive Officer said, “The timely completion of these transactions represents another important milestone in our comprehensive plan to simplify our portfolio, unlock the potential of our business and extend our authority in the Home, Baby, Beauty and Wellness markets. We will continue to optimize our portfolio, including the potential sale of additional non-core assets. Since joining Bed Bath & Beyond a little over a year ago, our team has created greater financial flexibility and strategic focus through the divestiture of non-core assets and banners, generating over $750 million to re-invest in our digital-first, omni-always transformation and drive strong and sustainable total shareholder return.”.

The stocks have a year to date performance of 16.30 percent and weekly performance of 6.17 percent. The stock has been moved at 238.15 percent over the last six months. The stock has performed -19.16 percent around the most recent 30 days and changed 64.92 percent over the most recent 3-months.

If compared to the average trading volume of 10.04M shares, BBBY reached to a volume of 7080121 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $24.21 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 2.70. 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.

Telsey Advisory Group have made an estimate for Bed Bath & Beyond Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 29, 2020. The new note on the price target was released on October 29, 2020, representing the official price target for Bed Bath & Beyond Inc. stock. Previously, the target price had yet another raise from $23 to $28, while Telsey Advisory Group kept a Outperform rating on BBBY stock. On October 02, 2020, analysts increased their price target for BBBY shares from 13 to 23.

The Average True Range (ATR) for Bed Bath & Beyond Inc. is set at 1.27, with the Price to Sales ratio for BBBY stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 11.73. Price to Free Cash Flow for BBBY in the course of the last twelve months was 13.20 with Quick ratio for the last quarter at 0.70.

BBBY stock trade performance evaluation

Bed Bath & Beyond Inc. [BBBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.17. With this latest performance, BBBY shares dropped by -19.16% in over the last four-week period, additionally plugging by 238.15% over the last 6 months – not to mention a rise of 44.13% 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 50.38, with the RSI for the last a single of trading hit 44.92, and the three-weeks RSI is set at 51.33 for Bed Bath & Beyond Inc. [BBBY]. The present Moving Average for the last 50 days of trading for this stock 19.01, while it was recorded at 20.08 for the last single week of trading, and 11.38 for the last 200 days.

Bed Bath & Beyond Inc. [BBBY]: An insightful look at the core 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 1.50.

Earnings per share (EPS) analysis for Bed Bath & Beyond Inc. [BBBY] stock

With the latest financial reports released by the company, Bed Bath & Beyond Inc. posted -0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2,000.00%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bed Bath & Beyond Inc. go to 79.60%.

Bed Bath & Beyond Inc. [BBBY]: Insider Ownership positions

There are presently around $2,897 million, in the hands of institutional investors. The top three institutional holders of BBBY stocks are: BLACKROCK INC. with ownership of 19,293,929, which is approximately -3.505% of the company’s market cap and around 2.40% of the total institutional ownership; FMR LLC, holding 19,102,178 shares of the stock with an approximate value of $384.34 million in BBBY stocks shares; and VANGUARD GROUP INC, currently with $249.44 million in BBBY stock with ownership of nearly -3.266% of the company’s market capitalization.

Positions in Bed Bath & Beyond Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 136 institutional holders increased their position in Bed Bath & Beyond Inc. [NASDAQ:BBBY] by around 28,347,947 shares. Additionally, 140 investors decreased positions by around 23,657,574 shares, while 58 investors held positions by with 91,983,802 shares. The mentioned changes placed institutional holdings at 143,989,323 shares, according to the latest SEC report filing. BBBY stock had 53 new institutional investments in for a total of 15,366,533 shares, while 47 institutional investors sold positions of 8,259,585 shares during the same period.

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