Short Interest Buzzer: Time to Reconsider Bed Bath & Beyond Incorporated (NASDAQ:BBBY) After Less Short Sellers?

November 25, 2016 - By Richard Conner   ·   0 Comments

Short Interest Buzzer: Time to Reconsider Bed Bath & Beyond Incorporated (NASDAQ:BBBY) After Less Short Sellers?

The stock of Bed Bath & Beyond Incorporated (NASDAQ:BBBY) registered a decrease of 6.59% in short interest. BBBY’s total short interest was 14.87 million shares in November as published by FINRA. Its down 6.59% from 15.92M shares, reported previously. With 1.64M shares average volume, it will take short sellers 9 days to cover their BBBY’s short positions. The short interest to Bed Bath & Beyond Incorporated’s float is 10.31%. About 120,728 shares traded hands. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 7.59% since April 22, 2016 and is downtrending. It has underperformed by 13.00% the S&P500.

Bed Bath & Beyond Inc. is a retailer, which operates under the names Bed Bath & Beyond , Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The company has a market cap of $6.89 billion. The Firm operates in two divisions: North American Retail and Institutional Sales. It has a 9.3 P/E ratio. The Firm sells a range of domestics merchandise and home furnishings.

Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.09, from 0.83 in 2016Q1. The ratio dived, as 57 funds sold all Bed Bath & Beyond Inc. shares owned while 183 reduced positions. 39 funds bought stakes while 161 increased positions. They now own 142.16 million shares or 7.29% less from 153.35 million shares in 2016Q1.
Moreover, Johnson Fincl Group Inc has 0.03% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 5,710 shares. First Tru Advsr Limited Partnership holds 0.06% or 424,617 shares in its portfolio. Hutchin Hill Capital Limited Partnership owns 45,900 shares or 0.07% of their US portfolio. Blackrock Institutional Trust Company Na, a California-based fund reported 4.16M shares. Rafferty Asset Management Ltd holds 0.04% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 13,669 shares. Blackrock Lc last reported 890,194 shares in the company. Eaton Vance Mngmt holds 8,234 shares or 0% of its portfolio. The California-based Mogy Joel R Counsel Inc has invested 1.41% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). The California-based Qualcomm De has invested 0.95% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). The Tennessee-based Patten Grp Inc Inc has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). North Star Investment Mngmt Corp has 0% invested in the company for 440 shares. Tudor Corporation Et Al reported 5,604 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement Sys reported 266,911 shares or 0.04% of all its holdings. Bessemer Gru last reported 0.01% of its portfolio in the stock. Williams Jones And Assocs Lc reported 4,330 shares or 0.01% of all its holdings.

Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 1 insider sale for $819,262 net activity. CASTAGNA EUGENE A sold $819,262 worth of Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, August 12.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Out of 23 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 rate it a “Buy”, 6 “Sell”, while 15 “Hold”. This means 9% are positive. Bed Bath & Beyond has been the topic of 40 analyst reports since September 21, 2015 according to StockzIntelligence Inc. As per Monday, September 21, the company rating was maintained by SunTrust. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Sell” rating by Citigroup on Wednesday, January 27. Wedbush maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Wednesday, December 23 with “Neutral” rating. The company was maintained on Monday, September 28 by Citigroup. The firm has “Neutral” rating by Credit Suisse given on Thursday, December 24. The stock has “Buy” rating given by Cantor Fitzgerald on Friday, September 25. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, June 23. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Sell” rating given on Thursday, April 7 by Citigroup. Jefferies initiated Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Thursday, October 8. Jefferies has “Hold” rating and $63 price target. The firm has “Neutral” rating given on Thursday, September 22 by UBS.

BBBY Company Profile

Bed Bath & Beyond Inc., incorporated on October 5, 1971, is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Firm operates in two divisions: North American Retail and Institutional Sales.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Prnewswire.com which released: “Bed Bath & Beyond Inc. Acquires PersonalizationMall.com” on November 23, 2016, also Bloomberg.com published article titled: “Bed Bath & Beyond Stops Selling Welspun Egyptian Cotton Sheets”, 9News.com published: “Looking beyond Bed Bath & Beyond at Cherry Creek shopping center” on November 21, 2016. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Masslive.com and their article: “Black Friday 2016: Bed Bath & Beyond releases two-page ad, teases more savings” with publication date: November 08, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>