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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).

To view more credit ratings from Morningstar, visit www.morningstar.com.

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