Bed Bath & Beyond Inc. (NASDAQ:BBBY) produced a -1.82% rally since recording the worst price of $9.33. Thanks to the latest -2.14% decrease, it now trades at $9.16. Throughout the trading on 7/23/2019, the share price floated between $9.13 and $9.56. This company shares are 56.22% off its target price of $14.31 and the current market capitalization stands at $1.15B. The recent change has given its price a -25.9% deficit over SMA 50 and -53.24% deficit over its 52-week high. The stock witnessed -20.83% declines, -45.02% declines and -37.81% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BBBY’s volatility during a week at 5.38% and during a month it has been found around 4.73%.
What Does Bed Bath & Beyond Inc. (BBBY) Do?
The company describes itself in regulatory filings as, “Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.” [Text can be found here: https://www.marketwatch.com/investing/stock/BBBY/profile under company description.]Bed Bath & Beyond Inc. (BBBY) Top Holders
Institutional investors currently hold around $1.48 billion or 0% in BBBY stock. Look at its top three institutional owners: Blackrock Inc. owns $159.14 million in Bed Bath & Beyond Inc., which represents roughly 13.84% of the company’s market cap and approximately 10.75% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 14,710,970 shares of the stock are valued at $137.7 million. The third largest holder is Vanguard Group Inc, which currently holds $124.47 million worth of this stock and that ownership represents nearly 10.82% of its market capitalization.Bed Bath & Beyond Inc. 13F Filings
At the end of March reporting period, 155 institutional holders increased their position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by some 34,832,578 shares, 142 decreased positions by 23,442,492 and 64 held positions by 100,003,267. That puts total institutional holdings at 158,278,337 shares, according to SEC filings. The stock grabbed 61 new institutional investments totaling 9,660,069 shares while 56 institutional investors sold out their entire positions totaling 4,634,246 shares.Bed Bath & Beyond Inc. (NASDAQ:BBBY) Insider Trades
Multiple company employees have indulged in significant insider trading. Bed Bath & Beyond Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director HELLER JORDAN has sold 19,554 shares of Bed Bath & Beyond Inc. (BBBY) in the trading session dated Jan. 15, 2019. These shares are worth $298,394 and were traded at $15.26 each. The SEC filing shows that CASTAGNA EUGENE A performed a sale of 25,000 shares. The President and COO disposed these shares by way of transaction on Jul. 05, 2018. The company’s shares were given away at $20.81 per share worth to an income of some $520,250 to the account of CASTAGNA EUGENE A.
Senior VP – Stores, FIORILLI MATTHEW, sold 16,957 common shares of Bed Bath & Beyond Inc. (BBBY) in the open market. In a transaction dated Dec. 28, 2017, the shares were put up for sale at an average price of $22.62, raking in a sum of $383,567. After this sale, 97,419 common shares of BBBY are directly owned by the insider, with total stake valued at $892,358.
In the transaction dated May. 09, 2017, a great number of shares sold came courtesy the CEO; TEMARES STEVEN H disposed a total of 96,109 shares at an average price of $37.37, amounting to approximately $3,591,593. The insider now directly owns 602,415 shares worth $5,518,121.Bed Bath & Beyond Inc. (BBBY) Analyst Guide
Several analysts have released their opinion on Bed Bath & Beyond Inc. (NASDAQ:BBBY), with 2 analysts believing it is a strong buy. Whereas 15 of them predict the stock is a hold. Also, there are 0 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.95 average brokerage recommendation [T1].