Analysis of Bed Bath & Beyond Inc. (NASDAQ:BBBY): Selected Notes

The closing price of Bed Bath & Beyond Inc. (NASDAQ: BBBY) was $1.03 for the day, down -10.43% from the previous closing price of $1.15. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 47314575 shares were traded. BBBY stock price reached its highest trading level at $1.1000 during the session, while it also had its lowest trading level at $1.0100.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".



Our analysis of BBBY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.70.

Upgrades & Downgrades

On September 30, 2022, Odeon Upgraded its rating to Hold which previously was Sell but kept the price unchanged to $7.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 17 when Arnal Gustavo sold 12,500 shares for $29.95 per share. The transaction valued at 374,375 led to the insider holds 255,396 shares of the business.

Cohen Ryan sold 5,000,000 shares of BBBY for $105,845,055 on Aug 16. The 10% Owner now owns 2,780,000 shares after completing the transaction at $21.17 per share. On Aug 16, another insider, Arnal Gustavo, who serves as the EVP, CFO of the company, sold 42,513 shares for $24.22 each. As a result, the insider received 1,029,824 and left with 267,896 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02.

Stock Price History:

Over the past 52 weeks, BBBY has reached a high of $30.00, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is 2.3650, while the 200-Day Moving Average is calculated to be 5.2611.

Shares Statistics:

BBBY traded an average of 67.93M shares per day over the past three months and 51.45M shares per day over the past ten days. A total of 116.84M shares are outstanding, with a floating share count of 114.70M. Insiders hold about 1.50% of the company’s shares, while institutions hold 54.50% stake in the company. Shares short for BBBY as of Jan 30, 2023 were 54.61M with a Short Ratio of 82.58M, compared to 38.55M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 46.55% and a Short% of Float of 83.24%.

Earnings Estimates

The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of -$2.03 for the current quarter, with a high estimate of -$1.29 and a low estimate of -$2.82, while EPS last year was -$0.92. The consensus estimate for the next quarter is -$1.48, with high estimates of -$0.87 and low estimates of -$2.35.

Analysts are recommending an EPS of between -$10.87 and -$13.49 for the fiscal current year, implying an average EPS of -$11.84. EPS for the following year is -$6.77, with 11 analysts recommending between -$2.97 and -$11.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $1.63B to a low estimate of $1.13B. As of the current estimate, Bed Bath & Beyond Inc.’s year-ago sales were $2.05B, an estimated decrease of -31.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $1.05B, a decrease of -28.10% over than the figure of -$31.70% in the same quarter last year. There is a high estimate of $1.38B for the next quarter, whereas the lowest estimate is $648M.

A total of 11 analysts have provided revenue estimates for BBBY’s current fiscal year. The highest revenue estimate was $5.79B, while the lowest revenue estimate was $5.29B, resulting in an average revenue estimate of $5.56B. In the same quarter a year ago, actual revenue was $7.87B, down -29.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.69B in the next fiscal year. The high estimate is $5.95B and the low estimate is $3.64B. The average revenue growth estimate for next year is down -15.50% from the average revenue estimate for this year.