Bed Bath & Beyond Inc. (NASDAQ:BBBY) had its price objective cut by investment analysts at KeyCorp from $21.00 to $17.00 in a note issued to investors on Wednesday. The brokerage presently has an “underweight” rating on the retailer’s stock. KeyCorp’s price objective points to a potential downside of 17.19% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, September 5th. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays PLC restated an “equal weight” rating and set a $30.00 price objective (down from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Jefferies Group LLC restated a “hold” rating and set a $34.00 price objective on shares of Bed Bath & Beyond in a research report on Thursday, July 27th. Finally, Loop Capital restated a “hold” rating and set a $23.00 price objective (down from $35.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.88.

Bed Bath & Beyond (NASDAQ BBBY) traded up $0.58 on Wednesday, hitting $20.53. 3,667,600 shares of the company traded hands, compared to its average volume of 3,221,476. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.33 and a current ratio of 1.77. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $48.83. The firm has a market cap of $3,010.00, a PE ratio of 4.96 and a beta of 1.04.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts forecast that Bed Bath & Beyond will post 2.98 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Ffcm LLC grew its holdings in shares of Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after purchasing an additional 4,290 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Bed Bath & Beyond by 928.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock valued at $117,000 after purchasing an additional 3,463 shares during the period. First Quadrant L P CA purchased a new stake in shares of Bed Bath & Beyond in the second quarter valued at about $141,000. Psagot Investment House Ltd. purchased a new stake in shares of Bed Bath & Beyond in the third quarter valued at about $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Bed Bath & Beyond in the third quarter valued at about $222,000. 91.78% of the stock is owned by hedge funds and other institutional investors.

Bed Bath & Beyond Company Profile

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).

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

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