BED BATH & BEYOND (NASDAQ:NXH) Shares Up 1.1% - Time to Buy?

Key Points

• Shares rose 1.1% to $3.62 in Monday trading, with volume 32% above the average session volume.
• Analyst sentiment remains negative: Weiss Ratings initiated coverage with a “sell (D-)” rating, and the stock has an overall “Sell” consensus.
• The company reported a quarterly loss of $0.53 per share on $361.16 million in revenue, while maintaining weak profitability metrics, including a negative net margin of 7.13% and return on equity of 37.60%.

BED BATH & BEYOND, INC. (NASDAQ:NXH - Get Free Report)'s stock price rose 1.1% on Monday . The stock traded as high as $3.74 and last traded at $3.62. 2,690,864 shares traded hands during trading, an increase of 32% from the average session volume of 2,030,897 shares. The stock had previously closed at $3.58.

Analysts Set New Price Targets

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

BED BATH & BEYOND Stock Down 6.4%

The firm has a market capitalization of $323.75 million, a P/E ratio of -2.97 and a beta of 2.85. 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 issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.53) EPS for the quarter. BED BATH & BEYOND had a negative net margin of 7.13% and a negative return on equity of 37.60%. The firm had revenue of $361.16 million during the quarter. Sell-side analysts predict that BED BATH & BEYOND, INC. will post -0.93 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in BED BATH & BEYOND stock. Corient Private Wealth LP acquired a new position in BED BATH & BEYOND, INC. (NASDAQ:NXH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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. Hedge funds and other institutional investors own 76.30% of the company's stock.

BED BATH & BEYOND Company Profile

Bed Bath & Beyond is a home furnishings and merchandise brand offering products for bedrooms, bathrooms, kitchens and other areas of the home. Its assortment has included bedding, bath goods, kitchenware, home décor, furniture, storage solutions and related household products, with sales primarily conducted through its online retail platform.

The original Bed Bath & Beyond retail company was founded in 1971 and operated a large chain of stores in the United States and Canada, alongside related concepts such as buybuy BABY and Harmon.

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