Why Invest In Bed Bath & Beyond Inc. (BBBY) Stock?
Bed Bath & Beyond Inc. (NASDAQ:BBBY) has a beta value of 1.85 and has seen 3.36 million shares traded in the last trading session. The company, currently valued at $3.36B, closed the last trade at $31.91 per share which meant it gained $0.38 on the day or 1.21% during that session. The BBBY stock price is -68.91% off its 52-week high price of $53.90 and 77.12% above the 52-week low of $7.30. If we look at the companys 10-day average daily trading volume, we find that it stood at 9.45 million shares traded. The 3-month trading volume is 6.89 million shares. The consensus among analysts is that Bed Bath & Beyond Inc. (BBBY) is an Underweight stock at the moment, with a recommendation rating of 3.20. 6 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 20 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.08. Bed Bath & Beyond Inc. (NASDAQ:BBBY) trade information  Sporting 1.21% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the BBBY stock price touched $31.91 or saw a rise of 20.22%. Year-to-date, Bed Bath & Beyond Inc. shares have moved 79.67%, while the 5-day performance has seen it change 0.63%. Over the past 30 days, the shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have changed 34.87%. Short interest in the company has seen 33.35 million shares shorted with days to cover at 8.08. Wall Street analysts have a consensus price target for the stock at $25.54, which means that the shares value could drop -24.94% from current levels. The projected low price target is $18.00 while the price target rests at a high of $38.00. In that case, then, we find that the current price level is -19.08% off the targeted high while a plunge would see the stock lose 43.59% from current levels. Bed Bath & Beyond Inc. (BBBY) estimates and forecasts  Figures show that Bed Bath & Beyond Inc. shares have outperformed across the wider relevant industry. The companys shares have gained 72.39% over the past 6 months, with this year growth rate of 248.51%, compared to 21.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 104.10% and 4.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -11.80%. 14 analysts offering their estimates for the company have set an average revenue estimate of $1.87 billion for the current quarter. 14 have an estimated revenue figure of $2.01 billion for the next quarter concluding in Aug 2021. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.20% over the past 5 years. Earnings growth for 2021 is a modest 68.00% while over the next 5 years, the companys earnings are expected to increase by 72.90%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  BBBY Dividends  Bed Bath & Beyond Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The forward dividend is 0.68 at a share yield of 2.13%. The companys dividend yield has gone up over the past 12 months. Bed Bath & Beyond Inc. (NASDAQ:BBBY)s Major holders  Insiders own 1.48% of the company shares, while shares held by institutions stand at 99.50% with a share float percentage of 101.00%. Investors are also buoyed by the number of investors in a company, with Bed Bath & Beyond Inc. having a total of 374 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 20.08 million shares worth more than $585.36 million. As of Mar 30, 2021, Blackrock Inc. held 18.83% of shares outstanding. The other major institutional holder is FMR, LLC, with the holding of over 13.96 million shares as of Mar 30, 2021. The firms total holdings are worth over $406.94 million and represent 13.09% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Fidelity Low-Priced Stock Fund and iShares Core S&P Smallcap ETF. As of Jan 30, 2021, the former fund manager holds about 9.85% shares in the company for having 10.5 million shares of worth $370.97 million while later fund manager owns 8.07 million shares of worth $235.37 million as of Mar 30, 2021, which makes it owner of about 7.57% of companys outstanding stock.