Bed Bath & Beyond Inc (NASDAQ:BBBY) on Focus After Report of More Shorts

June 20, 2018 - By Marry Poplack

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Logo

Investors sentiment increased to 1.06 in Q1 2018. Its up 0.32, from 0.74 in 2017Q4. It is positive, as 26 investors sold Bed Bath & Beyond Inc. shares while 100 reduced holdings. 44 funds opened positions while 89 raised stakes. 124.91 million shares or 0.09% less from 125.01 million shares in 2017Q4 were reported.
Lmr Prtn Limited Liability Partnership, United Kingdom-based fund reported 130,212 shares. Bankshares Of Nova Scotia reported 46,845 shares or 0.01% of all its holdings. California State Teachers Retirement Sys owns 251,038 shares. Zebra Lc invested 0.34% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Cadence Cap Mngmt stated it has 20,740 shares. Amp Invsts Limited holds 69,994 shares or 0.01% of its portfolio. D E Shaw And Com Inc invested in 0% or 9,993 shares. Oxbow Lc holds 0.12% or 27,205 shares. Tradewinds Capital Management Lc, Washington-based fund reported 100 shares. Macquarie Gp Ltd holds 34,800 shares or 0% of its portfolio. Cornerstone Advisors accumulated 30 shares. Susquehanna Intll Group Ltd Liability Partnership owns 439,231 shares or 0% of their US portfolio. Tower Rech Cap Lc (Trc) holds 0.03% or 16,128 shares. Qs Invsts Ltd Liability Corporation owns 38 shares or 0% of their US portfolio. Federated Invsts Pa owns 116,781 shares or 0.01% of their US portfolio.

The stock of Bed Bath & Beyond Inc (NASDAQ:BBBY) registered an increase of 15.29% in short interest. BBBY’s total short interest was 22.87 million shares in June as published by FINRA. Its up 15.29% from 19.83M shares, reported previously. With 5.27M shares average volume, it will take short sellers 4 days to cover their BBBY’s short positions. The short interest to Bed Bath & Beyond Inc’s float is 17.09%.

The stock decreased 0.84% or $0.17 during the last trading session, reaching $20.04. About 153,067 shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 48.23% since June 20, 2017 and is downtrending. It has underperformed by 60.80% the S&P500.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $2.81 billion. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It has a 6.59 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Among 15 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 0 have Buy rating, 8 Sell and 7 Hold. Therefore 0 are positive. Bed Bath & Beyond had 17 analyst reports since December 21, 2017 according to SRatingsIntel. JP Morgan downgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, January 26 to “Underweight” rating. On Thursday, December 21 the stock rating was maintained by Citigroup with “Sell”. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Underweight” rating by KeyBanc Capital Markets on Thursday, April 12. On Thursday, April 12 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Sell” rating by J.P. Morgan given on Friday, January 26. The stock has “Neutral” rating by Wedbush on Thursday, April 12. On Thursday, April 12 the stock rating was maintained by Bank of America with “Underperform”. The rating was maintained by Citigroup on Thursday, April 12 with “Sell”. The firm has “Hold” rating by Deutsche Bank given on Tuesday, April 10. Jefferies maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Wednesday, April 11 with “Hold” rating.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Fool.com which released: “3 Dividend Stocks I’d Never Buy” on June 07, 2018, also Seekingalpha.com published article titled: “Bed Bath & Beyond COO Castagna also is President; D’Elia moves up to CFO”, Streetinsider.com published: “Bed Bath & Beyond (BBBY) Names Eugene A. Castagna as COO, Robyn M. D’Elia Named as CFO” on June 05, 2018. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Streetinsider.com and their article: “Bed Bath & Beyond (BBBY) Appoints Stephanie Bell-Rose To Board of Directors” with publication date: May 24, 2018.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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