Bed Bath & Beyond Receives Average Rating of “Hold” from Analysts (NASDAQ:BBBY)
Shares of Bed Bath & Beyond (NASDAQ:BBBY) have received a consensus rating of “Hold” from the twenty-six ratings firms that are covering the stock, AnalystRatings.Net reports. Three research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $68.89.
Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.07% during mid-day trading on Friday, hitting $56.737. 1,081,933 shares of the company’s stock traded hands. Bed Bath & Beyond has a 52 week low of $59.89 and a 52 week high of $80.82. The stock’s 50-day moving average is $61.27 and its 200-day moving average is $66.70. The company has a market cap of $11.430 billion and a price-to-earnings ratio of 11.84. Bed Bath & Beyond also saw some unusual options trading activity 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 released its earnings data on Wednesday, June 25th. The company reported $0.93 earnings per share for the quarter, missing the analysts’ 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 in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Bed Bath & Beyond will post $4.99 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Bed Bath & Beyond in a research note on Thursday. They now have a $80.00 price target on the stock, down previously from $83.00. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of Bed Bath & Beyond in a research note on Thursday. Finally, analysts at Wedbush cut their price target on shares of Bed Bath & Beyond to $58.00 in a research note on Thursday.
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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