BED BATH & BEYOND (NASDAQ:NXH) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of BED BATH & BEYOND (NASDAQ:NXH) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks reports.

Separately, Weiss Ratings initiated coverage on shares of BED BATH & BEYOND in a report on Friday, August 21st. They issued a “sell (d-)” rating for the company. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, BED BATH & BEYOND presently has an average rating of “Sell”.

BED BATH & BEYOND Trading Down 3.0%

NASDAQ:NXH opened at $1.77 on Monday. BED BATH & BEYOND has a one year low of $1.70 and a one year high of $11.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.59. The stock has a market capitalization of $169.51 million, a P/E ratio of -1.56 and a beta of 3.01.

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

Institutional Trading of BED BATH & BEYOND

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

BED BATH & BEYOND Company Profile

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.