Bed Bath & Beyond (BBBY) Set to Announce Quarterly Earnings on Wednesday
Bed Bath & Beyond (NASDAQ:BBBY) is set to announce its earnings results on Wednesday, January 8th. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 79.15 on Tuesday. Bed Bath & Beyond has a 52 week low of $54.62 and a 52 week high of $80.82. The stock’s 50-day moving average is $78.00 and its 200-day moving average is $75.78. The company has a market cap of $16.681 billion and a price-to-earnings ratio of 16.76. Bed Bath & Beyond also was the recipient of some unusual options trading activity on Monday. Stock traders acquired 7,935 put options on the stock. This represents an increase of approximately 644% compared to the average volume of 1,066 put options.
BBBY has been the subject of a number of recent research reports. Analysts at UBS AG reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note to investors on Monday. They now have a $84.00 price target on the stock, up previously from $80.00. On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at ISI Group upgraded shares of Bed Bath & Beyond to a “neutral” rating in a research note to investors on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.95.
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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