Aggressive’ Bullish Options Activity Seen in Bed Bath & Beyond Inc.

 Aggressive' Bullish Options Activity Seen in Bed Bath & Beyond Inc.

In today’s session Bed Bath & Beyond Inc. (BBBY) registered an unusually high (339) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BBBY increase. With 339 contracts traded and 15724 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BBBY170120C00045000 closed last at: $1.76 or 134.7% up. About 738,382 shares traded hands. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 6.87% since April 12, 2016 and is downtrending. It has underperformed by 11.86% the S&P500.

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

Out of 23 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 rate it a “Buy”, 6 “Sell”, while 15 “Hold”. This means 9% are positive. $85 is the highest target while $37 is the lowest. The $54 average target is 17.60% above today’s ($45.92) stock price. Bed Bath & Beyond has been the topic of 40 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, January 8 by Robert W. Baird. The firm has “Sell” rating by Topeka Capital Markets given on Tuesday, May 24. The rating was upgraded by Standpoint Research on Monday, January 18 to “Buy”. As per Thursday, June 23, the company rating was maintained by Credit Suisse. Wedbush maintained the shares of BBBY in a report on Wednesday, December 23 with “Neutral” rating. The rating was upgraded by TelseyAdvisory Group to “Market Perform” on Friday, September 25. The firm has “Neutral” rating by Credit Suisse given on Thursday, December 24. The rating was initiated by Jefferies on Thursday, October 8 with “Hold”. Citigroup maintained the stock with “Sell” rating in Thursday, September 22 report. SunTrust downgraded the shares of BBBY in a report on Wednesday, December 23 to “Neutral” rating.

According to Zacks Investment Research, “Bed Bath & Beyond is a nationwide operator of superstores selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. The Company offers a wide assortment of merchandise at everyday low prices that are substantially below regular department store prices and generally comparable to or below department store sale prices. The Company’s domestics merchandise line includes items such as bed linens, bath accessories and kitchen textiles, and the company’s home furnishings line.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.10, from 0.93 in 2016Q1. The ratio dropped, as 57 funds sold all Bed Bath & Beyond Inc. shares owned while 183 reduced positions. 39 funds bought stakes while 161 increased positions. They now own 142.16 million shares or 7.29% less from 153.35 million shares in 2016Q1.
Louisiana State Employees Retirement holds 0.02% or 10,100 shares in its portfolio. Nordea Mngmt holds 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 7,575 shares. Ls Advsr Limited Liability Company has invested 0.03% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Shinko Asset Management Limited, a Japan-based fund reported 3,681 shares. Moreover, Mogy Joel R Invest Counsel has 1.41% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 176,209 shares. Moreover, Bessemer Grp Inc has 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 32,054 shares. Transamerica Advsrs accumulated 0.15% or 34,260 shares. Wealthtrust has invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Next Grp Inc has 0.02% invested in the company for 1,180 shares. Deere And has invested 0.02% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Oldfield Prtn Llp last reported 1,000 shares in the company. Spot Trading Limited Com reported 11,194 shares or 0.01% of all its holdings. Cohen Steers holds 0.02% or 209,300 shares in its portfolio. Utd Services Automobile Association has invested 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Moreover, Bryn Mawr Trust has 0.47% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 170,173 shares.

Insider Transactions: Since August 12, 2016, the stock had 0 insider buys, and 1 sale for $819,262 net activity. CASTAGNA EUGENE A had sold 17,866 shares worth $819,262.

Bed Bath & Beyond Inc. is a retailer, which operates under the names Bed Bath & Beyond , Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The company has a market cap of $7.01 billion. The Firm operates in two divisions: North American Retail and Institutional Sales. It has a 9.35 P/E ratio. The Firm sells a range of domestics merchandise and home furnishings.

BBBY Company Profile

Bed Bath & Beyond Inc., incorporated on October 5, 1971, is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Firm operates in two divisions: North American Retail and Institutional Sales.

More recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Masslive.com which released: “Black Friday 2016: Bed Bath & Beyond releases two-page ad, teases more savings” on November 08, 2016. Also Equitiesfocus.com published the news titled: “Bed Bath & Beyond Inc. (NASDAQ:BBBY) Stock Gets Revised Target Of $42.63” on November 13, 2016. Forbes.com‘s news article titled: “The New #9 Most Shorted Nasdaq 100 Component: Bed, Bath & Beyond” with publication date: November 11, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment