Brokerages Set Bed Bath & Beyond, Inc. (NYSE:BBBY) PT at $10.20

Bed Bath & Beyond, Inc. (NYSE:BBBY) has received an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.20.

A number of equities analysts have commented on BBBY shares. Barclays set a $8.00 price objective on Bed Bath & Beyond and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bed Bath & Beyond in a research note on Wednesday, January 21st. Finally, Wedbush reissued an “outperform” rating and set a $13.00 price target on shares of Bed Bath & Beyond in a research note on Tuesday, October 21st.

Institutional Investors Weigh In On Bed Bath & Beyond

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Bed Bath & Beyond by 20.5% in the second quarter. Geode Capital Management LLC now owns 1,241,524 shares of the company’s stock valued at $8,543,000 after acquiring an additional 211,446 shares during the last quarter. Able Wealth Management LLC acquired a new position in Bed Bath & Beyond during the 4th quarter valued at about $4,612,000. ProShare Advisors LLC boosted its stake in shares of Bed Bath & Beyond by 19.4% in the 2nd quarter. ProShare Advisors LLC now owns 518,173 shares of the company’s stock valued at $3,565,000 after purchasing an additional 84,356 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Bed Bath & Beyond during the 2nd quarter worth approximately $3,414,000. Finally, Bank of America Corp DE raised its stake in shares of Bed Bath & Beyond by 587.3% during the second quarter. Bank of America Corp DE now owns 236,529 shares of the company’s stock worth $1,627,000 after buying an additional 202,113 shares during the last quarter. Institutional investors own 76.30% of the company’s stock.

Bed Bath & Beyond Price Performance

Shares of BBBY opened at $6.26 on Tuesday. The company has a market capitalization of $431.34 million, a P/E ratio of -2.23 and a beta of 2.85. Bed Bath & Beyond has a one year low of $3.54 and a one year high of $12.65. The business’s 50 day simple moving average is $6.25 and its 200-day simple moving average is $7.96.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.