B. Riley Lowers Bed Bath & Beyond (NASDAQ:BBBY) Price Target to $17.00


Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) had its price objective dropped by equities research analysts at B. Riley from $26.00 to $17.00 in a research report issued on Tuesday, The Fly reports. B. Riley’s price objective would suggest a potential upside of 80.85% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Bed Bath & Beyond from $20.00 to $10.00 in a research report on Wednesday, April 13th. Morgan Stanley cut their target price on shares of Bed Bath & Beyond from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, April 14th. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating and set a $14.00 target price on the stock. in a research report on Wednesday, April 20th. The Goldman Sachs Group cut their target price on shares of Bed Bath & Beyond from $14.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, April 14th. Finally, StockNews.com began coverage on shares of Bed Bath & Beyond in a report on Thursday, March 31st. They set a “sell” rating on the stock. Eight investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Bed Bath & Beyond has a consensus rating of “Sell” and an average price target of $13.00.

Shares of BBBY opened at $9.40 on Tuesday. The stock has a market capitalization of $750.59 million, a P/E ratio of -1.63 and a beta of 1.78. Bed Bath & Beyond has a twelve month low of $8.80 and a twelve month high of $44.51. The company has a 50-day moving average of $18.12 and a 200-day moving average of $17.50. The company has a quick ratio of 0.31, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last issued its quarterly earnings results on Wednesday, April 13th. The retailer reported ($0.92) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.94). The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Bed Bath & Beyond had a negative return on equity of 14.09% and a negative net margin of 7.11%. Bed Bath & Beyond’s revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, sell-side analysts anticipate that Bed Bath & Beyond will post -2.49 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in BBBY. Dimensional Fund Advisors LP boosted its holdings in Bed Bath & Beyond by 18.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,788,025 shares of the retailer’s stock valued at $65,467,000 after acquiring an additional 598,310 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Bed Bath & Beyond by 14.0% during the 4th quarter. Brown Advisory Inc. now owns 2,830,673 shares of the retailer’s stock valued at $41,270,000 after purchasing an additional 346,912 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Bed Bath & Beyond by 11.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,681,300 shares of the retailer’s stock worth $46,319,000 after acquiring an additional 269,006 shares in the last quarter. Ardevora Asset Management LLP raised its position in shares of Bed Bath & Beyond by 9.4% during the 4th quarter. Ardevora Asset Management LLP now owns 2,399,000 shares of the retailer’s stock valued at $34,977,000 after purchasing an additional 205,300 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Bed Bath & Beyond by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,137,993 shares of the retailer’s stock valued at $25,639,000 after buying an additional 58,262 shares in the last quarter.

Bed Bath & Beyond Company Profiles (Get Rating)

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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