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Shares of Bed Bath & Beyond (NASDAQ:BBBY) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 27,750,020 shares, a growth of 61.0% from the July 15th total of 17,237,124 shares, reports. Currently, 14.2% of the company’s stock are short sold. Based on an average trading volume of 3,278,415 shares, the days-to-cover ratio is presently 8.5 days.

Several analysts have recently commented on the stock. Analysts at Oppenheimer downgraded shares of Bed Bath & Beyond from an “outperform” rating to a “market perform” rating in a research note on Friday, August 1st. They now have a $69.00 price target on the stock, up previously from $66.00. Separately, analysts at Nomura initiated coverage on shares of Bed Bath & Beyond in a research note on Wednesday, July 16th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Bed Bath & Beyond from $58.00 to $62.00 in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Bed Bath & Beyond has a consensus rating of “Hold” and an average target price of $66.28.

Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.89% during mid-day trading on Monday, hitting $62.60. 1,777,055 shares of the company’s stock traded hands. Bed Bath & Beyond has a 52-week low of $54.96 and a 52-week high of $80.82. The stock’s 50-day moving average is $60.69 and its 200-day moving average is $63.49. The company has a market cap of $12.417 billion and a price-to-earnings ratio of 12.90.

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 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 $5.01 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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