Bed Bath & Beyond (NASDAQ:BBBY) had its price target lowered by research analysts at Raymond James from $17.00 to $14.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “strong-buy” rating on the retailer’s stock. Raymond James’ target price would indicate a potential upside of 18.54% from the stock’s previous close.

Several other equities research analysts have also weighed in on BBBY. Odeon Capital Group began coverage on Bed Bath & Beyond in a research report on Thursday, January 23rd. They issued a “buy” rating and a $24.00 target price on the stock. BidaskClub raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group raised their price target on Bed Bath & Beyond from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Co reissued a “sell” rating and set a $10.00 price target on shares of Bed Bath & Beyond in a report on Tuesday. Finally, Wedbush raised their price target on Bed Bath & Beyond from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Bed Bath & Beyond has an average rating of “Hold” and a consensus price target of $14.47.

Shares of NASDAQ BBBY opened at $11.81 on Wednesday. Bed Bath & Beyond has a 1-year low of $7.31 and a 1-year high of $19.57. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.41 and a quick ratio of 0.47. The business’s fifty day moving average price is $15.56 and its two-hundred day moving average price is $12.78. The firm has a market capitalization of $1.50 billion, a PE ratio of -1.89, a P/E/G ratio of 1.51 and a beta of 1.41.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, January 8th. The retailer reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.41). Bed Bath & Beyond had a positive return on equity of 8.09% and a negative net margin of 7.06%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the business earned $0.18 earnings per share. Bed Bath & Beyond’s quarterly revenue was down 9.0% on a year-over-year basis. Equities research analysts expect that Bed Bath & Beyond will post 1.17 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in Bed Bath & Beyond by 124.4% during the third quarter. Quadrant Capital Group LLC now owns 2,942 shares of the retailer’s stock valued at $30,000 after buying an additional 1,631 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Bed Bath & Beyond by 7,607.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,083 shares of the retailer’s stock valued at $32,000 after buying an additional 3,043 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Bed Bath & Beyond during the fourth quarter valued at about $35,000. Samalin Investment Counsel LLC bought a new position in Bed Bath & Beyond during the fourth quarter valued at about $36,000. Finally, Penserra Capital Management LLC boosted its stake in Bed Bath & Beyond by 25.0% during the third quarter. Penserra Capital Management LLC now owns 3,590 shares of the retailer’s stock valued at $38,000 after buying an additional 718 shares in the last quarter.

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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The Fly

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

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