BED BATH & BEYOND (NASDAQ:NXH) Trading Up 1.1% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

BED BATH & BEYOND Stock Down 6.4%

The firm has a market capitalization of $323.75 million, a PE ratio of -2.97 and a beta of 2.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.59 and a current ratio of 0.76.

BED BATH & BEYOND (NASDAQ:NXH) last posted its earnings results on Tuesday, August 4th. The company reported ($0.53) earnings per share 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 for the quarter. On average, analysts anticipate that BED BATH & BEYOND, INC. will post -0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in BED BATH & BEYOND stock. Corient Private Wealth LP bought 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 Securities & Exchange Commission. The institutional investor bought 154,136 shares of the company’s stock, valued at approximately $892,000. Corient Private Wealth LP owned 0.16% of BED BATH & BEYOND as of its most recent SEC filing. 76.30% of the stock is currently owned by institutional investors.

About BED BATH & BEYOND

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.