UBS Group Lowers Bed Bath & Beyond (NASDAQ:BBBY) Price Target to $5.00


Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) had its price target decreased by UBS Group from $12.00 to $5.00 in a note issued to investors on Wednesday, The Fly reports. UBS Group’s price objective would indicate a potential downside of 25.37% from the stock’s current price.

BBBY has been the subject of several other reports. Morgan Stanley dropped their target price on shares of Bed Bath & Beyond from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, April 14th. The Goldman Sachs Group dropped their price target on Bed Bath & Beyond from $14.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, April 14th. B. Riley decreased their price objective on Bed Bath & Beyond from $26.00 to $17.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Telsey Advisory Group dropped their price objective on Bed Bath & Beyond from $15.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company reduced their target price on shares of Bed Bath & Beyond from $10.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, June 8th. Nine analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Bed Bath & Beyond has an average rating of “Reduce” and a consensus price target of $10.08.

BBBY opened at $6.70 on Wednesday. The stock has a market cap of $535.26 million, a P/E ratio of -1.16 and a beta of 1.81. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $15.18. Bed Bath & Beyond has a 1-year low of $5.95 and a 1-year high of $39.30.

Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last posted its earnings results on Wednesday, April 13th. The retailer reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.94). Bed Bath & Beyond had a negative return on equity of 14.09% and a negative net margin of 7.11%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. Research analysts expect that Bed Bath & Beyond will post -2.47 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. raised its holdings in Bed Bath & Beyond by 14.0% in the fourth 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. Ardevora Asset Management LLP raised its holdings in Bed Bath & Beyond by 9.4% in the fourth quarter. Ardevora Asset Management LLP now owns 2,399,000 shares of the retailer’s stock valued at $34,977,000 after buying an additional 205,300 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Bed Bath & Beyond by 5.4% in the first 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 during the period. Bank of America Corp DE raised its holdings in Bed Bath & Beyond by 217.2% in the first quarter. Bank of America Corp DE now owns 783,717 shares of the retailer’s stock valued at $17,658,000 after buying an additional 536,654 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Bed Bath & Beyond by 16.3% during the first quarter. invesco ltd now owns 767,362 shares of the retailer’s stock valued at $17,288,000 after purchasing an additional 107,739 shares during the period.

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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