Bed Bath & Beyond Inc. (NASDAQ:BBBY) Short Interest Update

Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 18,463,079 shares, a drop of 15.5% from the November 30th total of 21,841,352 shares. Approximately 13.4% of the shares of the company are short sold. Based on an average daily trading volume, of 5,190,388 shares, the short-interest ratio is currently 3.6 days.

In related news, VP Matthew Fiorilli sold 16,957 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the transaction, the vice president now directly owns 97,419 shares of the company’s stock, valued at approximately $2,203,617.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of BBBY. Bronfman E.L. Rothschild L.P. raised its position in Bed Bath & Beyond by 928.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after purchasing an additional 3,463 shares during the period. Ffcm LLC raised its position in Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after purchasing an additional 4,290 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Bed Bath & Beyond in the 2nd quarter worth $251,000. Psagot Investment House Ltd. purchased a new position in Bed Bath & Beyond in the 3rd quarter worth $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Bed Bath & Beyond in the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 94.20% of the company’s stock.

BBBY has been the subject of several analyst reports. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet downgraded shares of Bed Bath & Beyond from a “c” rating to a “d+” rating in a report on Wednesday, December 20th. Barclays reaffirmed an “equal weight” rating and issued a $30.00 price objective (down from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Robert W. Baird set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Loop Capital reaffirmed a “hold” rating and issued a $23.00 price objective (down from $35.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.24.

Shares of Bed Bath & Beyond (BBBY) opened at $22.82 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3,131.66, a price-to-earnings ratio of 6.56, a PEG ratio of -3.66 and a beta of 1.09. Bed Bath & Beyond has a 52-week low of $19.07 and a 52-week high of $41.98.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. sell-side analysts expect that Bed Bath & Beyond will post 3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 17.24%.

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About Bed Bath & Beyond

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

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