Bed Bath & Beyond Short Interest Up 24.6% in May (BBBY)

Share on StockTwits

Shares of Bed Bath & Beyond (NASDAQ:BBBY) were the target of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 9,574,338 shares, an increase of 24.6% from the May 15th total of 7,685,427 shares, Analyst RN reports. Currently, 4.8% of the company’s stock are sold short. Based on an average trading volume of 2,327,087 shares, the days-to-cover ratio is presently 4.1 days.

Several analysts have recently commented on the stock. 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 assigned a hold rating and six have assigned a buy rating to the company. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus target price of $73.10.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 60.23 on Friday. Bed Bath & Beyond has a 52 week low of $59.94 and a 52 week high of $80.82. The stock has a 50-day moving average of $61. and a 200-day moving average of $67.78. The company has a market cap of $12.134 billion and a price-to-earnings ratio of 12.62.

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. On average, analysts predict that Bed Bath & Beyond will post $5.05 earnings per share 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).

Receive News & Ratings for Bed Bath & Beyond Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Qlik Technologies  to Release Earnings on Thursday
Qlik Technologies to Release Earnings on Thursday
U.S. Bancorp  Releases Quarterly Earnings Results
U.S. Bancorp Releases Quarterly Earnings Results
The Medicines Company  Posts Quarterly Earnings, Beats Expectations By $0.30 EPS
The Medicines Company Posts Quarterly Earnings, Beats Expectations By $0.30 EPS
Evercore Partners  Announces Quarterly Earnings, Beats Expectations By $0.06 EPS
Evercore Partners Announces Quarterly Earnings, Beats Expectations By $0.06 EPS
Interpublic Group of Companies  Posts Quarterly Earnings Results, Hits Estimates
Interpublic Group of Companies Posts Quarterly Earnings Results, Hits Estimates
Boston Scientific Co.  Updates FY14 Earnings Guidance
Boston Scientific Co. Updates FY14 Earnings Guidance


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 Mideast Time.