Bed Bath & Beyond Inc. (NASDAQ:BBBY) price is hovering lower on Monday, September 13, dropping -2.56% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $24.21, with intraday deals fluctuating between $23.88 and $24.638. The company’s 5Y monthly beta was ticking 1.85 while its P/E ratio in the trailing 12-month period read 39.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $53.90 and 52-week low of $12.07. The stock subtracted -16.46% on its value in the past month.
Bed Bath & Beyond Inc., which has a market valuation of $2.62 billion, is expected to release its quarterly earnings report Sep 29, 2021 – Oct 04, 2021. Analysts tracking BBBY have forecast the quarterly EPS to grow by 0.52 per share this quarter, while the same analysts predict the annual EPS to hit $1.52 for the year 2021 and up to $2.23 for 2023. In this case, analysts estimate an annual EPS growth of 255.10% for the year and 46.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.06 billion, with the likely lows of $2.04 billion and highs of $2.08 billion. Staying with the analyst view, there is a consensus estimate of $8.31 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow -10.00% below that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BBBY a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 22 analysts have assigned BBBY a recommendation rating as follows: 13 rate it as a Hold; 3 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Bed Bath & Beyond Inc. (BBBY) stock as Underweight, with 5 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BBBY’s price is at present -11.90% off the SMA20 and -15.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.74, with weekly volatility standing at 5.65%. The indicator jumps to 4.65% when calculated based on the past 30 days. Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s beta value is holding at 1.86, while the average true range (ATR) indicator is currently reading 1.31. Considering analysts have assigned the stock a price target range of $19.00-$44.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $31.07. Based on this estimate, we see that today’s price at last check is roughly 19.46% off the estimated low and -86.52% off the forecast high. Investors will no doubt be excited to see the share price fall to $31.00, which is the median consensus price, and at that level BBBY would be -31.41% from recent price.
Turning out attention to how the Bed Bath & Beyond Inc. stock has performed in comparison to its peers in the industry, here’s what we find: BBBY’s stock is -2.56% on the day and 101.16% in the past 12 months, while RH (RH) traded 0.77% in the latest session and is positioned 83.76% up on its price 12 months ago. Another comparison is with The Container Store Group Inc. (TCS) whose stock price is down -0.82% in the current trading session, and has flourished 165.70% over the past year. As for Bed Bath & Beyond Inc., the P/E ratio stands at 39.43 lower than that of RH’s at 40.67 and The Container Store Group Inc.’s 5.99. Elsewhere in the market, the S&P 500 Index has stumbled -0.13% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.44%.
An analysis of the Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock in terms of its daily trading volume indicates that the 3-month average is 3.98 million.
Current records show that the company has 106.77M in outstanding shares. The insiders’ percentage holdings are 3.00% of outstanding shares. But the 36.32% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.