Is Bed Bath & Beyond Inc. (BBBY) A Stock To Snag At A Bargain?

On December 03, 2019, Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares lost -3.65% or -0.53 points to close at $14 with a thin trading volume of 4.168 million shares. It opened the trading session at $14.14, the shares rose to $14.28 and dropped to $13.86, the range by which the price of stock traded the whole day. The company now has a market cap of $1.78 billion and currently has 127.26 million outstanding shares. Bed Bath & Beyond Inc. (BBBY) stock has accumulated 4.63 percent of market value in 21 trading days.

BBBY stock’s trailing 3-year beta is 1.3, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$5.77 share in the trailing 52 weeks. The stock’s value surged 23.67 percent year to date (YTD) compared to a rise of 8.7 percent in 52 week’s period. The firm’s shares are still trading -28.46 percent below its 1-year high of $19.57 and 91.52 percent up from 52-week low of $7.31. The average consensus ranking on the company is 2.8, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

Bed Bath & Beyond Inc. (BBBY) is most likely going to rise -3.29 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $20-month high price target. This represents a whopping 42.86 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $12, which means a return possibility of -14.29 percent in comparison with the closing price of the stock of $14 on December 03. The lowest price set for the stock is $10 — just above -28.57 percent from BBBY share price now.

Past records have indicated that shares in Bed Bath & Beyond Inc. declined on 20 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.

Let’s take a glimpse at some insider activity at Bed Bath & Beyond Inc. (NASDAQ:BBBY) and observe the pattern. The earliest insider trade happened on 01/15/2019. HELLER JORDAN parted with a total of 19.55 thousand shares of the firm at average share price of $15.26. The total amount for the sale was set at $298.39 thousand. On completing this exchange, the Director account balance was 5.65 thousand shares. The stock lost -4.78 percent from that insider sale. On 07/05/2018, CASTAGNA EUGENE A, President and COO, did a sale of 25 thousand shares at a price of $20.81 per share. This got rid of 520.25 thousand shares from the insider’s fortune and the stock experienced a -30.18 percent retreat in price since the news became public. This exchange saw 124.26 thousand shares get out from the President and COO account.

On 12/28/2017, Senior VP – Stores FIORILLI MATTHEW recorded a sale transaction valued at $383.57 thousand. The sale at $22.62 a share has eliminated 16.96 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -35.76 percent decrease since the transaction reporting date. The company insider is left with 97.42 thousand shares remaining in the account. TEMARES STEVEN H, who works as CEO at the company, performed a sale of 96.11 thousand shares in a transaction worth $3.59 million. The disposal recorded on 05/09/2017 was priced at $37.37 per share. The stock price plunged -61.12 percent since the transaction. TEMARES STEVEN H currently holds a stake of 602.42 thousand in BBBY stock which is worth $8.43 million after the insider selling.

The stock is lingering around the initial support level of $13.81. After this, the following support is at the zone of $13.63. Up until the time the BBBY stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 56.16 on the daily chart, and this may be a cause for concern. In case the price goes below $13.63 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $14.23 level may cause a pull-back move approaching $14.47 mark.

The industry BBBY deals with has an average P/E of 25.9. Its P/B ratio is standing at 0.9X compared to the 6 industry average. It is additionally sporting a 0.2 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.8. Bed Bath & Beyond Inc. has a 32.4% gross profit margin, with its operating margin around -7.2%. Alongside this, the company’s net profit margin currently stands at -6.4%.