Joanna Burkey Sells 9,943 Shares of Bed Bath & Beyond (NYSE:BBBY) Stock

Bed Bath & Beyond, Inc. (NYSE:BBBYGet Free Report) Director Joanna Burkey sold 9,943 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $6.38, for a total transaction of $63,436.34. Following the transaction, the director owned 32,474 shares in the company, valued at approximately $207,184.12. The trade was a 23.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bed Bath & Beyond Trading Down 6.2%

Shares of BBBY stock traded down $0.36 on Monday, reaching $5.48. The company had a trading volume of 1,629,844 shares, compared to its average volume of 2,556,804. The stock has a market cap of $405.18 million, a PE ratio of -5.77 and a beta of 2.86. The company has a 50-day moving average of $5.24 and a 200-day moving average of $5.58. Bed Bath & Beyond, Inc. has a 12 month low of $4.26 and a 12 month high of $12.65.

Bed Bath & Beyond (NYSE:BBBYGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. The company had revenue of $248.00 million during the quarter. Bed Bath & Beyond had a negative return on equity of 27.60% and a negative net margin of 5.76%.

Institutional Investors Weigh In On Bed Bath & Beyond

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Bed Bath & Beyond in the 2nd quarter valued at approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bed Bath & Beyond during the 4th quarter worth approximately $37,000. New York State Common Retirement Fund bought a new stake in shares of Bed Bath & Beyond during the 4th quarter worth approximately $47,000. Stockman Wealth Management Inc. bought a new stake in shares of Bed Bath & Beyond during the 4th quarter worth approximately $55,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Bed Bath & Beyond during the 4th quarter worth approximately $63,000. Institutional investors own 76.30% of the company’s stock.

Analyst Upgrades and Downgrades

BBBY has been the subject of several research analyst reports. Piper Sandler set a $8.00 price objective on Bed Bath & Beyond and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Weiss Ratings lowered Bed Bath & Beyond from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $8.00 price objective (up from $7.00) on shares of Bed Bath & Beyond in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.00.

View Our Latest Stock Report on Bed Bath & Beyond

Bed Bath & Beyond Company Profile

(Get Free Report)

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.

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