Stock Traders Purchase High Volume of Call Options on BED BATH & BEYOND (NASDAQ:NXH)

BED BATH & BEYOND, INC. (NASDAQ:NXH) was the target of unusually large options trading on Monday. Stock investors purchased 10,836 call options on the company. This is an increase of 286% compared to the typical daily volume of 2,805 call options.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in BED BATH & BEYOND stock. Corient Private Wealth LP acquired a new position in shares of BED BATH & BEYOND, INC. (NASDAQ:NXH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 154,136 shares of the company’s stock, valued at approximately $892,000. Corient Private Wealth LP owned 0.16% of BED BATH & BEYOND at the end of the most recent quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.

BED BATH & BEYOND Stock Performance

NXH opened at $2.06 on Tuesday. BED BATH & BEYOND has a 52-week low of $2.02 and a 52-week high of $12.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.59 and a current ratio of 0.76. The stock has a market cap of $196.73 million, a PE ratio of -1.81 and a beta of 3.01.

BED BATH & BEYOND (NASDAQ:NXH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.53) EPS for the quarter. The company had revenue of $361.16 million during the quarter. BED BATH & BEYOND had a negative net margin of 7.13% and a negative return on equity of 37.60%. On average, analysts expect that BED BATH & BEYOND will post -0.93 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on BED BATH & BEYOND in a research report on Friday, August 21st. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.