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Bed Bath & Beyond (NASDAQ:BBBY)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Thursday. They currently have a $54.00 price target on the stock, down from their previous price target of $58.00. Deutsche Bank’s target price would suggest a potential downside of 11.63% from the company’s current price.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 9.21% on Thursday, hitting $55.48. 10,538,872 shares of the company’s stock traded hands. Bed Bath & Beyond has a one year low of $59.89 and a one year high of $80.82. The stock’s 50-day moving average is $61. and its 200-day moving average is $66.70. The company has a market cap of $11.177 billion and a price-to-earnings ratio of 12.76. Bed Bath & Beyond also was the target of unusually large options trading on Wednesday. Stock investors purchased 16,617 call options on the company. This is an increase of 274% compared to the typical volume of 4,448 call options.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.02. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the company posted $0.93 earnings per share. Bed Bath & Beyond’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond will post $5.05 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Thursday. They now have a $65.00 price target on the stock, down previously from $75.00. Separately, analysts at Telsey Advisory Group cut their price target on shares of Bed Bath & Beyond from $68.00 to $60.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Bed Bath & Beyond to $58.00 in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.03.

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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