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Tuesday, April 20, 2021

Is Now the Time to Invest in Bed Bath & Beyond Inc. (NASDAQ:BBBY)?

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Bed Bath & Beyond Inc. (BBBY) shares are trading at lower $20.53 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $20.29.

To add more color to this target, the company’s high over the last year is $26.16 and the low is $3.43. Over the last 52 weeks, BBBY is up 44.58% while the S&P 500 is up 8.50%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BBBY reported a profit of $987.54 million. Bed Bath & Beyond Inc. also saw revenues increase to $2.69 billion. In addition, BBBY has free cash flow of $69.54 million as of 08-2020. The company’s EBITDA came in at $385.0 million which compares well with its peers.

BBBY booked profit margins of -1.90%, its Return on Equity (ROE) is -11.10%, and its Return on Assets is -2.40%. All told, it is clear that, BBBY needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BBBY has a short ratio of 6.80 and outstanding shares of 124.15M.

Company Outlook

BBBY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.81 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.88. Bed Bath & Beyond Inc. BBBY also noted assets of $7.44 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BBBY has historically followed its peers on positive news.

All told, Bed Bath & Beyond Inc. BBBY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BBBY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Bed Bath & Beyond Inc. BBBY is now commanding a market cap of 2.57B and a float of 118.66M. BBBY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BBBY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BBBY, either long or short, and we have not been compensated for this article.

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