BED BATH & BEYOND (NASDAQ:NXH) Stock Rating Lowered by Zacks Research

BED BATH & BEYOND (NASDAQ:NXH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Weiss Ratings initiated coverage on BED BATH & BEYOND in a research note on Friday, August 21st. They set a “sell (d-)” rating for the company. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

BED BATH & BEYOND Stock Down 11.2%

NXH stock opened at $1.83 on Monday. The firm has a market capitalization of $174.76 million, a PE ratio of -1.61 and a beta of 3.01. BED BATH & BEYOND has a 12 month low of $1.74 and a 12 month high of $12.18. 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) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.53) earnings per share for the quarter. The company had revenue of $361.16 million for the quarter. BED BATH & BEYOND had a negative net margin of 7.13% and a negative return on equity of 37.60%. On average, equities analysts anticipate that BED BATH & BEYOND will post -0.93 EPS for the current fiscal year.

Institutional Trading of BED BATH & BEYOND

An institutional investor recently bought a new stake in BED BATH & BEYOND stock. Corient Private Wealth LP purchased a new position in shares of BED BATH & BEYOND, INC. (NASDAQ:NXH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. Institutional investors and hedge funds own 76.30% of the company’s stock.

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.