Bed Bath & Beyond Given New $101.00 Price Target at Williams Capital (BBBY)
Investment analysts at Williams Capital raised their price objective on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $90.00 to $101.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Williams Capital’s price objective would indicate a potential upside of 30.26% from the company’s current price.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 77.54 on Friday. Bed Bath & Beyond has a one year low of $54.33 and a one year high of $78.88. The stock has a 50-day moving average of $74.25 and a 200-day moving average of $70.54. The company has a market cap of $16.582 billion and a price-to-earnings ratio of 16.80. Bed Bath & Beyond also was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 14,970 put options on the company. This represents an increase of approximately 663% compared to the typical volume of 1,963 put options.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, September 25th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $5.01 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $61.00 to $65.00 in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $68.00 to $74.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $82.00 to $90.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.22.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
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