BED BATH & BEYOND (NASDAQ:NXH) Stock Sees Unusually High Call Option Buying

Key Points

• Call-option activity surged: Traders purchased 10,836 call options, 286% above the average volume of 2,805 contracts.
• Corient Private Wealth LP initiated a position of 154,136 shares valued at approximately $892,000, while institutional investors collectively own 76.3% of the stock.
• NXH remains under pressure: Shares fell 23% to $2.12, near the 52-week low, and Weiss Ratings initiated coverage with a “sell (D-)” rating; the company also reported a quarterly loss of $0.53 per share.

BED BATH & BEYOND, INC. (NASDAQ:NXH - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders purchased 10,836 call options on the company. This represents an increase of 286% compared to the average volume of 2,805 call options.

Hedge Funds Weigh In On BED BATH & BEYOND

An institutional investor recently bought a new position in BED BATH & BEYOND stock. Corient Private Wealth LP bought a new position in shares of BED BATH & BEYOND, INC. (NASDAQ:NXH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 154,136 shares of the company's stock, valued at approximately $892,000. Corient Private Wealth LP owned approximately 0.16% of BED BATH & BEYOND at the end of the most recent quarter. 76.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on BED BATH & BEYOND in a report on Friday, August 21st. They issued a "sell (d-)" rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

BED BATH & BEYOND Trading Down 23.0%

BED BATH & BEYOND stock traded down $0.64 during midday trading on Monday, hitting $2.12. The stock had a trading volume of 4,412,553 shares, compared to its average volume of 2,567,415. BED BATH & BEYOND has a 52-week low of $2.16 and a 52-week high of $12.23. The firm has a market capitalization of $202.94 million, a price-to-earnings ratio of -1.89 and a beta of 3.01. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06.

BED BATH & BEYOND (NASDAQ:NXH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.53) earnings per share for the quarter. The firm had revenue of $361.16 million during the quarter. BED BATH & BEYOND had a negative return on equity of 37.60% and a negative net margin of 7.13%. As a group, research analysts predict that BED BATH & BEYOND will post -0.93 earnings per share for the current year.

About BED BATH & BEYOND

Bed Bath & Beyond was a U.S. home-goods retailer that operated stores and an e-commerce platform offering bedding, bath products, kitchenware, home décor, furniture, storage solutions and related household merchandise. The company served consumers primarily in the United States and Canada through its flagship Bed Bath & Beyond stores and affiliated concepts, including buybuy BABY and Harmon.

The original Bed Bath & Beyond Inc filed for bankruptcy protection in 2023 and subsequently ceased operating its retail business.

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