BBBY investors were likely spooked this aftermarket by Wall Street Journal's report: "Hudson Bay Capital has agreed to put more money into the company even though the retailer's share price has fallen to nearly $1." For more coverage, read the full article here. On the back of this news, Bed Bath & Beyond sank -10.08% to a price of $1.11. Are the markets overreacting?
Bed Bath & Beyond Inc., operates a chain of retail stores. The company belongs to the Consumer Discretionary sector, which has an average price to earnings (P/E) ratio of 22.33 and an average price to book (P/B) ratio of 3.12. In contrast, Bed Bath & Beyond has a trailing 12 month P/E ratio of -0.07 and a P/B ratio of 2.995.
Bed Bath & Beyond has moved -93.55% over the last year compared to -9.54% for the S&P 500 -- a difference of -84.01%. Bed Bath & Beyond has a 52 week high of $30.0 and a 52 week low of $1.13. At today's price of $1.11 per share, Bed Bath & Beyond is -33.63% away from its target price of $1.68, and on average, analysts give the stock a rating of underperform. 127% of the company's shares are linked to short positions, and 47% of the shares are owned by institutional investors.
