Bed Bath & Beyond Inc. (NASDAQ:BBBY)‘s stock had its “sell” rating reiterated by stock analysts at Loop Capital in a research note issued on Thursday. They presently have a $35.00 target price on the retailer’s stock. Loop Capital’s price target would suggest a potential downside of 12.06% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Argus lowered their target price on shares of Bed Bath & Beyond from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 10th. Telsey Advisory Group lowered their target price on shares of Bed Bath & Beyond from $45.00 to $43.00 and set a “market perform” rating for the company in a report on Thursday, December 22nd. Cleveland Research lowered shares of Bed Bath & Beyond from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 20th. Raymond James Financial, Inc. lowered shares of Bed Bath & Beyond from a “strong-buy” rating to a “market perform” rating in a report on Thursday, December 22nd. Finally, Wedbush lowered their target price on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.50.

Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.33% during trading on Thursday, hitting $39.80. The stock had a trading volume of 1,878,202 shares. The firm has a 50 day moving average price of $39.16 and a 200-day moving average price of $41.50. The firm has a market capitalization of $5.76 billion, a PE ratio of 8.69 and a beta of 0.85. Bed Bath & Beyond has a 1-year low of $37.28 and a 1-year high of $50.57.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, April 5th. The retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.07. The firm earned $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. Bed Bath & Beyond had a net margin of 5.95% and a return on equity of 27.65%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.91 EPS. On average, equities research analysts expect that Bed Bath & Beyond will post $4.60 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, June 14th. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.13. Bed Bath & Beyond’s payout ratio is currently 10.71%.

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A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Bed Bath & Beyond by 4.8% in the fourth quarter. FMR LLC now owns 12,867,660 shares of the retailer’s stock valued at $522,942,000 after buying an additional 591,607 shares in the last quarter. BlackRock Fund Advisors increased its stake in Bed Bath & Beyond by 3.5% in the third quarter. BlackRock Fund Advisors now owns 2,561,659 shares of the retailer’s stock valued at $110,433,000 after buying an additional 86,577 shares in the last quarter. Northern Trust Corp increased its stake in Bed Bath & Beyond by 0.6% in the third quarter. Northern Trust Corp now owns 2,300,882 shares of the retailer’s stock valued at $99,191,000 after buying an additional 12,669 shares in the last quarter. Norges Bank bought a new stake in Bed Bath & Beyond during the fourth quarter valued at $87,296,000. Finally, BlackRock Group LTD increased its stake in Bed Bath & Beyond by 10.0% in the third quarter. BlackRock Group LTD now owns 2,086,208 shares of the retailer’s stock valued at $89,935,000 after buying an additional 190,187 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors.

About Bed Bath & Beyond

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

5 Day Chart for NASDAQ:BBBY

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