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Bed Bath & Beyond (NASDAQ:BBBY) was downgraded by research analysts at Bank of America to an “underperform” rating in a report released on Monday.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Friday. They now have a $62.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Bed Bath & Beyond in a research note on Thursday, June 26th. They now have a $80.00 price target on the stock, down previously from $83.00. Finally, analysts at Goldman Sachs reiterated a “sell” rating on shares of Bed Bath & Beyond in a research note on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.65.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 59.35 on Monday. Bed Bath & Beyond has a 52-week low of $54.96 and a 52-week high of $80.82. The stock has a 50-day moving average of $60.57 and a 200-day moving average of $65.93. The company has a market cap of $11.772 billion and a price-to-earnings ratio of 12.01.

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 in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $4.97 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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