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Shares of Bed Bath & Beyond (NASDAQ:BBBY) have received a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the stock, Analyst Ratings Network reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $66.28.

BBBY has been the subject of a number of recent research reports. 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.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 62.55 on Monday. 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 $60.80 and its 200-day moving average is $63.44. The company has a market cap of $12.407 billion and a P/E ratio of 12.86.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings data on Wednesday, June 25th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the 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 $5.01 earnings per share 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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