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Shares of Bed Bath & Beyond (NASDAQ:BBBY) reached a new 52-week low during trading on Friday , American Banking and Market News reports. The company traded as low as $60.15 and last traded at $60.45, with a volume of 1,373,770 shares traded. The stock had previously closed at $60.47.

Several analysts have recently commented on the stock. Analysts at Wolfe Research downgraded shares of Bed Bath & Beyond to an “underperform” rating in a research note on Tuesday. Separately, analysts at Wolfe downgraded shares of Bed Bath & Beyond from a “market perform” rating to an “underperform” rating in a research note on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Thursday, April 24th. They now have a $66.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $73.10.

The stock has a 50-day moving average of $61.69 and a 200-day moving average of $67.8. The company has a market cap of $12.094 billion and a price-to-earnings ratio of 12.62. Bed Bath & Beyond also was the target of a large increase in short interest in May. As of May 30th, there was short interest totalling 9,574,338 shares, an increase of 24.6% from the May 15th total of 7,685,427 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,327,087 shares, the days-to-cover ratio is currently 4.1 days.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $1.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.60. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $5.05 EPS for the current fiscal year.

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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