BED BATH & BEYOND (NASDAQ:NXH) Stock Rating 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 report report published on Monday morning,Zacks reports.

Separately, Weiss Ratings assumed coverage on 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, Based on data from MarketBeat.com, BED BATH & BEYOND has an average rating of “Sell”.

BED BATH & BEYOND Trading Down 11.2%

Shares of NASDAQ:NXH opened at $1.83 on Monday. BED BATH & BEYOND has a 12 month low of $1.74 and a 12 month high of $12.18. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06. The firm has a market cap of $174.76 million, a P/E ratio of -1.61 and a beta of 3.01.

BED BATH & BEYOND (NASDAQ:NXH) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.53) earnings per share (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 anticipate that BED BATH & BEYOND will post -0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in BED BATH & BEYOND stock. Corient Private Wealth LP purchased a new position 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 and Exchange Commission. The fund purchased 154,136 shares of the company’s stock, valued at approximately $892,000. Corient Private Wealth LP owned about 0.16% of BED BATH & BEYOND as of its most recent SEC filing. 76.30% of the stock is owned by institutional investors and hedge funds.

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.