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Bed Bath & Beyond (NASDAQ:BBBY) has earned a “BBB+” credit rating from Morningstar. The agency’s “BBB+” rating suggests that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

A number of other firms have also recently commented on BBBY. 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 assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.28.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 64.16 on Wednesday. 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 $62.59 and a 200-day moving average of $63.3. The company has a market cap of $12.726 billion and a P/E ratio of 13.36. Bed Bath & Beyond also was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 25,899,023 shares, a drop of 6.7% from the July 31st total of 27,750,020 shares. Based on an average trading volume of 2,278,161 shares, the days-to-cover ratio is presently 11.4 days. Currently, 13.2% of the company’s stock are sold short.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results 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. 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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