What’s Propelling Bed Bath & Beyond Inc (NASDAQ:BBBY) After Higher Shorts Reported?

June 20, 2018 - By Duane Lopez

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Logo

Investors sentiment increased to 1.06 in Q1 2018. Its up 0.32, from 0.74 in 2017Q4. It is positive, as 26 investors sold Bed Bath & Beyond Inc. shares while 100 reduced holdings. 44 funds opened positions while 89 raised stakes. 124.91 million shares or 0.09% less from 125.01 million shares in 2017Q4 were reported.
Morgan Stanley stated it has 475,619 shares. Mutual Of America Capital Mgmt Ltd Co has invested 0.04% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). 265 are held by Smithfield Co. California-based Parallax Volatility Advisers L P has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Lsv Asset Mngmt, Illinois-based fund reported 1.31 million shares. Eaton Vance Mngmt reported 23,220 shares stake. Liberty Mutual Group Inc Asset Management Inc accumulated 28,212 shares. 245,311 were reported by Rhumbline Advisers. Envestnet Asset Management has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Ls Invest Advsr Ltd Liability owns 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 8,387 shares. Walleye Trading Ltd Limited Liability Company holds 111,623 shares. Argi Invest Serv Ltd Liability reported 16,026 shares. Advantus Cap Mngmt Inc holds 17,482 shares. 42,057 were reported by Paloma Prtnrs Mngmt. Jensen Invest owns 10,770 shares.

The stock of Bed Bath & Beyond Inc (NASDAQ:BBBY) registered an increase of 15.29% in short interest. BBBY’s total short interest was 22.87 million shares in June as published by FINRA. Its up 15.29% from 19.83M shares, reported previously. With 5.27M shares average volume, it will take short sellers 4 days to cover their BBBY’s short positions. The short interest to Bed Bath & Beyond Inc’s float is 17.09%.

The stock decreased 0.84% or $0.17 during the last trading session, reaching $20.04. About 153,067 shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 48.23% since June 20, 2017 and is downtrending. It has underperformed by 60.80% the S&P500.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $2.81 billion. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It has a 6.59 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

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

Among 15 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 0 have Buy rating, 8 Sell and 7 Hold. Therefore 0 are positive. Bed Bath & Beyond had 17 analyst reports since December 21, 2017 according to SRatingsIntel. As per Thursday, April 12, the company rating was maintained by Citigroup. Credit Suisse maintained the shares of BBBY in report on Thursday, April 12 with “Neutral” rating. The firm earned “Sell” rating on Thursday, December 21 by Citigroup. Credit Suisse maintained the shares of BBBY in report on Wednesday, March 14 with “Hold” rating. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, April 12. The stock has “Neutral” rating by Wedbush on Thursday, April 12. As per Tuesday, April 10, the company rating was maintained by Deutsche Bank. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Underweight” rating given on Friday, January 26 by JP Morgan. As per Thursday, April 12, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, April 12, the company rating was maintained by Bank of America.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Streetinsider.com which released: “Bed Bath & Beyond (BBBY) Appoints Stephanie Bell-Rose To Board of Directors” on May 24, 2018, also Fool.com published article titled: “3 Dividend Stocks I’d Never Buy”, Streetinsider.com published: “Bed Bath & Beyond (BBBY) Names Eugene A. Castagna as COO, Robyn M. D’Elia Named as CFO” on June 05, 2018. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Seekingalpha.com and their article: “Bed Bath & Beyond COO Castagna also is President; D’Elia moves up to CFO” with publication date: June 05, 2018.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Institutional Positions Chart

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