Tidal Investments Adds $2M in Bed Bath & Beyond, Inc. ($BBBY)
Tidal Investments increased its stake in Bed Bath & Beyond by over 5% in its latest 13F filing.
Key Points
- Tidal Investments added 289,761 shares of Bed Bath & Beyond, increasing its stake by 5.04% to 6,039,111 shares, valued at $35.51 million.
- Bed Bath & Beyond's stock trades around $5.88 with a market cap of $434.8 million and a 52-week range of $4.26 to $12.65.
- Recent analyst ratings include Wedbush maintaining a 'buy' with an $8 target and Piper Sandler reiterating 'hold' with the same target.
Tidal Investments has boosted its holdings in Bed Bath & Beyond, Inc. (NYSE:BBBY) by adding 289,761 shares. This increase, reported in a recent Form 13F filing with the SEC, represents a 5.04% rise in its stake, bringing its total to 6,039,111 shares valued at approximately $35.51 million as of the end of the reporting period.
What Changed in Tidal Investments' Bed Bath & Beyond Position
Tidal Investments grew its position in Bed Bath & Beyond from 5,749,350 shares to 6,039,111 shares, adding 289,761 shares in the process. This represents a 5.04% increase in its holdings, reflecting a strong vote of confidence in the company, with the total reported value of the holdings reaching $35.51 million.
Other Institutional Activity in Bed Bath & Beyond
Several other institutional investors also made moves in Bed Bath & Beyond. BlackRock, Inc. added 24,694 shares, bringing its total to 4,900,192 shares valued at $22.74 million. Vanguard Capital Management LLC significantly increased its holdings by 3,043,026 shares, ending with a total of 3,043,026 shares worth about $14.12 million. Morgan Stanley boosted its stake by 206,328 shares to 2,644,880 shares, valued at $12.27 million. Marshall Wace, LLP made a notable increase, adding 2,144,353 shares to hold 2,600,775 shares valued at $12.07 million. Goldman Sachs Group Inc. also increased its position by 239,391 shares, totaling 1,656,623 shares valued at $7.69 million.
Bed Bath & Beyond Stock Snapshot
Shares of NYSE:BBBY are currently trading around $5.88. Bed Bath & Beyond has a market capitalization of approximately $434.8 million. The stock has seen a 52-week low of $4.26 and a high of $12.65. Its 50-day moving average stands at $5.37, while the 200-day moving average is $6.55. The forward P/E ratio is not meaningful as the company isn't profitable.
Recent Earnings
For the quarter ended March 31, 2026, Bed Bath & Beyond reported its financial results. The next earnings announcement is scheduled for April 27, 2026. The company continues to navigate challenges in the retail sector while aiming to improve its financial performance.
Insider Buying and Selling at Bed Bath & Beyond, Inc.
Recent insider transactions at Bed Bath & Beyond include Joanna Burkey selling 9,943 shares on June 4, 2026, at an average price of $6.38 as part of a planned sale. On May 15, 2026, Tamara Ward acquired 36,105 shares, while Robert Jacob Shapiro sold 26,873 shares on the same day. Additionally, Barclay Corbus and Debra Golding Perelman each bought 26,873 shares on May 15, 2026.
Analysts Set New Price Targets
On April 28, 2026, Wedbush maintained its 'buy' rating on Bed Bath & Beyond with an $8 price target. Piper Sandler reiterated a 'hold' rating, also with an $8 target, on February 24, 2026. The consensus among analysts is a 'buy', with a mean price target of $9.75 based on four analyst opinions.
About Bed Bath & Beyond
Bed Bath & Beyond, Inc. is a retail company that operates a chain of stores selling home goods and furnishings. Based in the United States, the company offers a wide range of products including bedding, kitchen items, and home decor. Despite facing challenges in the retail industry, Bed Bath & Beyond continues to focus on enhancing its product offerings and customer experience.
Bottom Line
Tidal Investments' decision to increase its stake in Bed Bath & Beyond by over 5% signals confidence in the company's potential. While the stock trades near the lower end of its 52-week range, institutional investors are making significant adjustments to their holdings. As always, it's important to remember that 13F filings reflect past positions and may not represent current holdings.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.