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

BED BATH & BEYOND, INC. (NASDAQ:NXH)’s stock price was up 1.1% during mid-day trading on Monday . The company traded as high as $3.74 and last traded at $3.62. 2,690,864 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 2,030,897 shares. The stock had previously closed at $3.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

BED BATH & BEYOND Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $322.31 million, a P/E ratio of -2.98 and a beta of 2.85.

BED BATH & BEYOND (NASDAQ:NXH) last posted its quarterly earnings data 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 company had revenue of $361.16 million during the quarter. Equities analysts anticipate that BED BATH & BEYOND, INC. will post -0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BED BATH & BEYOND

An institutional investor recently bought a new position in BED BATH & BEYOND stock. Corient Private Wealth LP purchased a new position in shares of BED BATH & BEYOND, INC. (NASDAQ:NXH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 154,136 shares of the company’s stock, valued at approximately $892,000. Corient Private Wealth LP owned about 0.16% of BED BATH & BEYOND as of its most recent SEC filing. 76.30% of the stock is owned by hedge funds and other institutional investors.

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.