Bank of America set a $11.00 target price on Bed Bath & Beyond (NASDAQ:BBBY) in a research report released on Thursday morning. The firm currently has a sell rating on the retailer’s stock.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Bed Bath & Beyond from a hold rating to a strong sell rating in a research report on Monday, October 1st. Raymond James upgraded shares of Bed Bath & Beyond from an underperform rating to a market perform rating in a research report on Monday, September 17th. Morgan Stanley lowered their price objective on shares of Bed Bath & Beyond from $16.00 to $13.00 and set an underweight rating for the company in a research report on Friday, September 28th. Argus cut shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Monday, October 1st. Finally, KeyCorp lowered their price target on shares of Bed Bath & Beyond from $16.00 to $15.00 and set an underweight rating for the company in a research report on Thursday, September 27th. Ten analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $13.93.

BBBY traded up $0.94 during midday trading on Thursday, hitting $15.23. The company had a trading volume of 26,448,719 shares, compared to its average volume of 17,131,627. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.69 billion, a PE ratio of 4.88, a PEG ratio of 6.08 and a beta of 0.90. Bed Bath & Beyond has a twelve month low of $10.46 and a twelve month high of $24.08.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, January 9th. The retailer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. On average, research analysts predict that Bed Bath & Beyond will post 2.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 15th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Thursday, March 14th. Bed Bath & Beyond’s payout ratio is currently 20.51%.

Institutional investors and hedge funds have recently made changes to their positions in the business. GAM Holding AG lifted its stake in Bed Bath & Beyond by 42.8% in the third quarter. GAM Holding AG now owns 196,807 shares of the retailer’s stock valued at $2,952,000 after buying an additional 59,008 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Bed Bath & Beyond by 12.5% in the third quarter. Hsbc Holdings PLC now owns 190,307 shares of the retailer’s stock valued at $2,855,000 after buying an additional 21,199 shares in the last quarter. FMR LLC lifted its stake in Bed Bath & Beyond by 4.2% in the third quarter. FMR LLC now owns 14,451,051 shares of the retailer’s stock valued at $216,766,000 after buying an additional 582,329 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Bed Bath & Beyond by 12.7% in the second quarter. Bank of New York Mellon Corp now owns 2,641,692 shares of the retailer’s stock valued at $52,636,000 after buying an additional 297,632 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Bed Bath & Beyond by 115,725.0% in the third quarter. Advisory Services Network LLC now owns 46,330 shares of the retailer’s stock valued at $695,000 after buying an additional 46,290 shares in the last quarter. 97.45% of the stock is currently owned by hedge funds and other institutional investors.

About Bed Bath & Beyond

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

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