Two Stocks To Tuck Away: Bed Bath & Beyond Inc. (BBBY), Pitney Bowes Inc. (PBI)

The shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been pegged with a rating of In-line by Evercore ISI in its latest research note that was published on August 9th, 2019. Evercore ISI wasn’t the only research firm that published a report of Bed Bath & Beyond Inc., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on July 11th, 2019, to Sell the BBBY stock while also putting a $11 price target. The stock had earned Market Perform rating from Telsey Advisory Group when it published its report on July 3rd, 2019. That day the Telsey Advisory Group set price target on the stock to $14. The stock was given Market Perform rating by Telsey Advisory Group in its report released on April 11th, 2019, the day when the price target on the stock was placed at $20. Morgan Stanley was of a view that BBBY is Equal-Weight in its latest report on April 5th, 2019. Citigroup thinks that BBBY is worth Neutral rating. This was contained in the firm’s report on April 1st, 2019 in which the stock’s price target was also moved to $18.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $14.23. The price of the stock the last time has dropped by -1.45% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 28.78.

The shares of the company dipped by -3.09% during the trading session on Tuesday, reaching a low of $8.13 while ending the day at $8.15. During the trading session, a total of 6.59 million shares were traded which represents a -7.51% decline from the average session volume which is 6.13M shares. BBBY had ended its last session trading at 8.41. Bed Bath & Beyond Inc. currently has a market cap of $1.11B while its P/E earnings growth sits at 0.09, with a beta of 1.23. Bed Bath & Beyond Inc. debt-to-equity ratio currently stands at 0.77, while its quick ratio hovers at 0.50. BBBY 52-week low price stands at $8.27 while its 52-week high price is $19.59.

The company in its last quarterly report recorded $0.12 earnings per share which is above the $0.08 predicted by most analysts. The Bed Bath & Beyond Inc. generated $2,572.99 million in revenue during the last quarter, which is slightly lower than the $2,580.01 million predicted by analysts. In the second quarter last year, the firm recorded $1.20 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -900%. Bed Bath & Beyond Inc. has the potential to record -4.29 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Northcoast published a research note on February 6th, 2019 where it informed investors and clients that Pitney Bowes Inc. (NYSE:PBI) is now rated as Neutral. Goldman also rated PBI as Initiated on July 11th, 2019, with its price target of $80 suggesting that PBI could surge by 53.42% from its current share price. Even though the stock has been trading at $3.60/share, analysts expect it to surge higher by -1.67% to reach $7.60/share. It started the day trading at $3.73 and traded between $3.47 and $3.54 throughout the trading session.

A look at its technical shows that PBI’s 50-day SMA is 4.08 while its 200-day SMA stands at 6.07. The stock has a high of $8.56 for the year while the low is $3.29. The company’s P/E ratio currently sits at 6.57, while the P/B ratio is 11.80. At the moment, only of Pitney Bowes Inc. shares were sold short. The company’s average trading volume currently stands at 3.03M shares, which means that the short-interest ratio is just 11.11 days. Over the past seven days, the company moved, with its shift of -14.90%. Looking further, the stock has dropped -29.76% over the past 90 days while it lost -49.79% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more PBI shares, decreasing its portfolio by -16.22% during the last quarter. This move now sees BlackRock Fund Advisors selling -3,781,595 shares in the last quarter, thus it now holds 19,525,846 shares of PBI, with a total valuation of $79,079,676. The Vanguard Group Inc meanwhile bought more PBI shares in the recently filed quarter, changing its stake to $72,572,234 worth of shares. SSgA Funds Management Inc followed the path by increasing its PBI portfolio by +2.02% in the quarter. This means that SSgA Funds Management Inc bought 120,229 shares in the last quarter and now controls 6,063,686 shares of the PBI stock, with the valuation hitting $24,557,928.

Similarly, Mellon Investments Corp increased its Pitney Bowes Inc. shares by +13.28% during the recently filed quarter. After buying 557,648 shares in the last quarter, the firm now controls 4,755,760 shares of Pitney Bowes Inc. which are valued at $19,260,828. In the same vein, Dimensional Fund Advisors LP increased its Pitney Bowes Inc. shares by during the most recent reported quarter. The firm bought 349,021 shares during the quarter which increased its stakes to 3,249,076 shares and is now valued at $13,158,758. Following these latest developments, around 0.50% of Pitney Bowes Inc. stocks are owned by institutional investors and hedge funds.