Bed Bath & Beyond (NASDAQ:BBBY) was downgraded by Loop Capital from a “hold” rating to a “sell” rating in a note issued to investors on Monday, The Fly reports.

A number of other research firms have also commented on BBBY. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, January 14th. Bank of America set a $11.00 price objective on shares of Bed Bath & Beyond and gave the company a “sell” rating in a research note on Thursday, January 10th. Wolfe Research reiterated an “underperform” rating and set a $12.00 price objective (up previously from $9.00) on shares of Bed Bath & Beyond in a research note on Friday, January 11th. Citigroup lowered their price objective on shares of Bed Bath & Beyond from $13.00 to $10.00 and set a “sell” rating on the stock in a research note on Monday, December 3rd. Finally, Wedbush lowered their price objective on shares of Bed Bath & Beyond from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 10th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.07.

NASDAQ BBBY opened at $15.42 on Monday. Bed Bath & Beyond has a 12 month low of $10.46 and a 12 month high of $23.42. The company has a current ratio of 1.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.13 billion, a P/E ratio of 4.94, a P/E/G ratio of 7.71 and a beta of 1.14.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, January 9th. The retailer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts predict that Bed Bath & Beyond will post 2 EPS for the current fiscal year.

In other Bed Bath & Beyond news, Director Jordan Heller sold 19,554 shares of Bed Bath & Beyond stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $15.26, for a total value of $298,394.04. Following the transaction, the director now owns 5,647 shares in the company, valued at $86,173.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBBY. Contrarius Investment Management Ltd grew its position in Bed Bath & Beyond by 32.9% during the 4th quarter. Contrarius Investment Management Ltd now owns 9,207,291 shares of the retailer’s stock worth $104,227,000 after purchasing an additional 2,276,723 shares in the last quarter. South Texas Money Management Ltd. purchased a new position in Bed Bath & Beyond during the 3rd quarter worth approximately $18,640,000. Renaissance Technologies LLC grew its position in Bed Bath & Beyond by 1,688.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,280,060 shares of the retailer’s stock worth $19,201,000 after purchasing an additional 1,208,502 shares in the last quarter. Deutsche Bank AG grew its position in Bed Bath & Beyond by 241.2% during the 3rd quarter. Deutsche Bank AG now owns 1,504,913 shares of the retailer’s stock worth $22,570,000 after purchasing an additional 1,063,793 shares in the last quarter. Finally, Northern Trust Corp grew its position in Bed Bath & Beyond by 67.0% during the 2nd quarter. Northern Trust Corp now owns 2,333,483 shares of the retailer’s stock worth $46,495,000 after purchasing an additional 936,407 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Bed Bath & Beyond Company Profile

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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