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Bed Bath & Beyond (NASDAQ:BBBY) was the target of a large drop in short interest during 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, Analyst Ratings reports. Based on an average daily volume of 2,278,161 shares, the short-interest ratio is currently 11.4 days. Currently, 13.2% of the company’s shares are sold short.

A number of analysts have recently weighed in on BBBY shares. 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and a consensus target price of $66.28.

Bed Bath & Beyond (NASDAQ:BBBY) opened at 64.16 on Wednesday. Bed Bath & Beyond has a 1-year low of $54.96 and a 1-year high of $80.82. The stock’s 50-day moving average is $62.59 and its 200-day moving average is $63.3. The company has a market cap of $12.726 billion and a price-to-earnings ratio of 13.36.

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