Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY – Get Rating) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.50.
A number of analysts recently commented on BBBY shares. UBS Group decreased their objective price on shares of Bed Bath & Beyond from $20.00 to $13.00 and set a “sell” rating on the stock in a report on Tuesday, January 4th. The Goldman Sachs Group lowered their price target on Bed Bath & Beyond from $14.00 to $7.00 and set a “sell” rating on the stock in a report on Thursday. Loop Capital reduced their price objective on Bed Bath & Beyond from $14.00 to $10.00 and set a “sell” rating for the company in a report on Friday, January 7th. Wells Fargo & Company lowered their target price on Bed Bath & Beyond from $20.00 to $10.00 in a report on Wednesday. Finally, Robert W. Baird cut their price target on Bed Bath & Beyond from $22.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, January 7th.
NASDAQ:BBBY traded down $0.43 during mid-day trading on Monday, reaching $17.33. The stock had a trading volume of 6,912,778 shares, compared to its average volume of 6,318,136. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.47 and a current ratio of 1.14. The business has a 50 day simple moving average of $19.32 and a 200 day simple moving average of $17.68. Bed Bath & Beyond has a twelve month low of $12.39 and a twelve month high of $44.51. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.00 and a beta of 1.59.
Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last released its earnings results on Wednesday, April 13th. The retailer reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.95). Bed Bath & Beyond had a negative net margin of 7.11% and a negative return on equity of 14.09%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the business posted $0.40 EPS. Bed Bath & Beyond’s revenue was down 21.7% compared to the same quarter last year. As a group, sell-side analysts expect that Bed Bath & Beyond will post 0.63 earnings per share for the current year.
In other news, COO John R. Hartmann acquired 6,667 shares of the business’s stock in a transaction dated Tuesday, January 18th. The stock was acquired at an average price of $15.00 per share, with a total value of $100,005.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Several large investors have recently made changes to their positions in BBBY. Brown Advisory Inc. grew its holdings in Bed Bath & Beyond by 14.0% in the 4th quarter. Brown Advisory Inc. now owns 2,830,673 shares of the retailer’s stock valued at $41,270,000 after buying an additional 346,912 shares during the period. Cubic Asset Management LLC acquired a new stake in shares of Bed Bath & Beyond in the third quarter worth approximately $1,094,000. Credit Suisse AG grew its holdings in Bed Bath & Beyond by 30.9% in the third quarter. Credit Suisse AG now owns 491,854 shares of the retailer’s stock valued at $8,497,000 after purchasing an additional 116,194 shares during the period. Campbell Capital Management Inc. purchased a new stake in Bed Bath & Beyond in the fourth quarter valued at approximately $247,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Bed Bath & Beyond by 6.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,802 shares of the retailer’s stock worth $221,000 after purchasing an additional 809 shares during the last quarter.
About Bed Bath & Beyond (Get Rating)
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company 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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