Bed Bath & Beyond Inc. (NASDAQ:BBBY) closed Friday at $3.35 per share, down from $3.79 a day earlier. While Bed Bath & Beyond Inc. has underperformed by -11.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BBBY fell by -75.55%, with highs and lows ranging from $30.06 to $1.27, whereas the simple moving average fell by -55.42% in the last 200 days.
On September 30, 2022, Odeon Upgraded Bed Bath & Beyond Inc. (NASDAQ: BBBY) to Hold. A report published by Raymond James on September 01, 2022, Downgraded its rating to ‘Underperform’ for BBBY. Wedbush also Downgraded BBBY shares as ‘Underperform’, setting a target price of $5 on the company’s shares in a report dated August 18, 2022. B. Riley Securities August 16, 2022d its ‘Neutral’ rating to ‘Sell’ for BBBY, as published in its report on August 16, 2022. Robert W. Baird’s report from August 09, 2022 suggests a price prediction of $4 for BBBY shares, giving the stock a ‘Underperform’ rating. Odeon also rated the stock as ‘Hold’.
Analysis of Bed Bath & Beyond Inc. (BBBY)
Further, the quarter-over-quarter decrease in sales is -27.60%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Bed Bath & Beyond Inc.’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BBBY is recording an average volume of 33.13M. On a monthly basis, the volatility of the stock is set at 20.43%, whereas on a weekly basis, it is put at 27.38%, with a loss of -36.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.74, showing decline from the present price of $3.35, which can serve as yet another indication of whether BBBY is worth investing in or should be passed over.
How Do You Analyze Bed Bath & Beyond Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 54.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BBBY shares?
The recent increase in stakes in BBBY appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in BBBY has decreased by -8.11% in the first quarter. The company now owns 10,708,538 shares of the stock, with a value of $26.88 million, following the sale of -945,610 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in BBBY during the first quarter, upping its stake by 3.87%. During the last quarter, the company dropped down 299,582 additional shares for a total stake of worth $20.17 million, bringing number of shares owned by the company to 8,036,719.
During the first quarter, SSgA Funds Management, Inc. subtracted a -210,861 position in BBBY. Pacific Investment Management Co sold an additional 33803.0 shares in the last quarter, decreasing its holdings by -1.89%, now holding 1.75 million shares worth $4.4 million. At the end of the first quarter, Geode Capital Management LLC decreased its BBBY holdings by -8.48% and now holds 1.35 million BBBY shares valued at $3.39 million with the lessened -0.13 million shares during the period. BBBY shares are owned by institutional investors to the tune of 54.50% at present.