Bed Bath & Beyond, Inc. (NYSE:BBBY) Receives $8.67 Consensus PT from Analysts

Shares of Bed Bath & Beyond, Inc. (NYSE:BBBY) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.6667.

Several analysts recently issued reports on the company. Zacks Research upgraded Bed Bath & Beyond to a “hold” rating in a research report on Wednesday, June 24th. Weiss Ratings raised Bed Bath & Beyond from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Wedbush lifted their price objective on shares of Bed Bath & Beyond from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd.

Institutional Trading of Bed Bath & Beyond

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Bed Bath & Beyond during the fourth quarter valued at about $12,594,000. Geode Capital Management LLC purchased a new stake in shares of Bed Bath & Beyond in the fourth quarter worth about $8,890,000. State Street Corp bought a new position in Bed Bath & Beyond during the fourth quarter valued at approximately $7,175,000. Federated Hermes Inc. bought a new position in Bed Bath & Beyond during the fourth quarter valued at approximately $4,730,000. Finally, Dimensional Fund Advisors LP purchased a new position in Bed Bath & Beyond during the 4th quarter valued at approximately $3,311,000. 76.30% of the stock is currently owned by institutional investors.

Bed Bath & Beyond Stock Up 0.6%

BBBY opened at $4.38 on Wednesday. The stock has a market cap of $417.07 million, a price-to-earnings ratio of -3.84 and a beta of 2.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.59 and a current ratio of 0.76. The firm’s fifty day moving average is $4.76 and its 200 day moving average is $5.14. Bed Bath & Beyond has a fifty-two week low of $4.18 and a fifty-two week high of $12.65.

Bed Bath & Beyond (NYSE:BBBY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). Bed Bath & Beyond had a negative net margin of 7.13% and a negative return on equity of 37.60%. The business had revenue of $361.16 million for the quarter. During the same quarter in the previous year, the company posted ($0.34) earnings per share. On average, sell-side analysts forecast that Bed Bath & Beyond will post -0.92 earnings per share for the current fiscal year.

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.