Bed Bath & Beyond Taps Target CMO As President And CEO

ON THE RADAR OF PROSPECTIVE INVESTORS: Bed Bath & Beyond Inc., (NASDAQ: BBBY)

ON THE RADAR OF PROSPECTIVE INVESTORS: Bed Bath & Beyond Inc., (NASDAQ: BBBY)

Morgan Stanley - The banking giant's stock gained 2.1% after an analyst at Sandler O'Neill upgraded it to buy from hold as its valuation relative to other banks is "unwarranted". (NASDAQ:BBBY). Meeder Asset Incorporated reported 0.04% in Bed Bath & Beyond Inc.

Short sellers are likely being caught off guard during today's surge, too, and a round of covering could strengthen buying power for Bed Bath & Beyond stock. The stock has "Outperform" rating by Wedbush on Monday, September 30. Bed Bath & Beyond complied in May when former CEO Steven Temares left the company and overhauled its board of directors.

Bed Bath & Beyond Inc (NASDAQ:BBBY) institutional sentiment decreased to 0.94 in Q2 2019. Volume gives an investor an idea of the price action of a security and whether they should buy or sell the security. $13.44's average target is 13.42% above currents $11.85 stock price.

The company's shares are down 85% from their all-time closing high of $80.48 in January 2014, and many investors expect the stock to continue to fall. 3103401 shares changed at hands in last session versus to an average volume of 7715.22K shares.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company's financial health and market status. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 6.22, a P/E/G ratio of 5.27 and a beta of 1.25. The business has a 50-day moving average of $9.78 and a 200 day moving average of $12.29. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%.

More notable recent Liberty Global Plc (NASDAQ:LBTYA) news were published by: Business.Financialpost.com which released: "IOTAS Raises $8.5M to Launch IoT-as-a-Service for Enterprise - Financial Post" on October 01, 2019, also Businesswire.com with their article: "Liberty Global Commences $2.5 Billion Modified Dutch Auction Tender Offers to Purchase up to $625 Million of its Class A Shares and up to $1.875 Billion of its Class C Shares - Business Wire" published on August 12, 2019, Seekingalpha.com published: "Sunrise chief charges forward with UPC deal plans - Seeking Alpha" on October 08, 2019. The business's revenue was down 7.3% on a year-over-year basis. As of now, Bed Bath & Beyond Inc. has a P/S, P/E and P/B values of 0.11, 0.00 and 0.62 respectively. Shareholders of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.68 annualized dividend and a yield of 5.33%. OppenheimerFunds Inc. increased its holdings in Bed Bath & Beyond by 961.2% during the 1st quarter. Bed Bath & Beyond Inc. Vanguard Group Inc. now owns 15,982,481 shares of the retailer's stock valued at $185,717,000 after acquiring an additional 2,684,312 shares during the period. Invesco Ltd. raised its holdings in Bed Bath & Beyond by 505.0% during the second quarter.

Contrarius Investment Management Ltd, which manages about $1.79 billion US Long portfolio, decreased its stake in Twitter Inc (NYSE:TWTR) by 636,310 shares to 3.55 million shares, valued at $123.83 million in 2019Q2, according to the filing. LSV Asset Management now owns 1,698,678 shares of the retailer's stock worth $19,738,000 after purchasing an additional 84,000 shares during the period. Man Group plc now owns 2,910,357 shares of the retailer's stock valued at $33,819,000 after acquiring an additional 2,079,908 shares during the period.