A number of firms have modified their ratings and price targets on shares of Bed Bath & Beyond (NASDAQ: BBBY) recently:

  • 9/19/2016 – Bed Bath & Beyond was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bed Bath & Beyond remains focused on strategic initiatives like store expansion, eCommerce enhancement and improvement of customer services, which remain growth catalysts. The latest buyout of One Kings Lane, which highlights its focus on acquisitions, is likely to enable the company to combat competition from eCommerce giants and boost results. However, sluggish mall traffic and high promotional costs pose concerns. Further, owing to its exposure to global markets, the company faces various risks associated with international operations, like currency fluctuations. Also, the company's lowered comps view, and expectations of SG&A expense and gross margin deleverage for fiscal 2016 raises concerns. Of late, estimates have been going down ahead of the company’s second-quarter earnings release.”
  • 9/19/2016 – Bed Bath & Beyond was given a new $45.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 9/13/2016 – Bed Bath & Beyond was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Bed Bath & Beyond's results continue to be impacted by sluggish mall traffic and high promotional costs. Further, owing to its exposure to global markets, the company faces various risks associated with international operations, like currency fluctuations. Hence, persistence of the currency headwinds remains a threat to the company. Also, the company's lowered comps view, and expectations of SG&A expense and gross margin deleverage for fiscal 2016 raises concerns. However, the company remains focused on strategic initiatives like store expansion, eCommerce enhancement and improvement of customer services, which remain growth catalysts. The latest buyout of One Kings Lane, which highlights its focus on acquisitions, is likely to enable Bed Bath & Beyond to fight competition from e-commerce giants and boost results. Estimates have also been stable lately, ahead of the company's second quarter earnings release.”
  • 9/12/2016 – Bed Bath & Beyond was given a new $41.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 8/25/2016 – Bed Bath & Beyond was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating.
  • 8/17/2016 – Bed Bath & Beyond was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Bed Bath & Beyond remains focused on strategic initiatives like store expansion, eCommerce enhancement and improvement of customer services, which remain growth catalysts. Further, the latest buyout of One Kings Lane, which highlights its focus on acquisitions, is likely to enable Bed Bath & Beyond to fight competition from e-commerce giants and boost results. However, results continue to be impacted by sluggish mall traffic and high promotional costs. Further, owing to its exposure to global markets, Bed Bath & Beyond faces various risks associated with international operations, like currency fluctuations. Hence, persistence of the currency headwinds remains a threat to the company. Also, the company's lowered comps view, and expectations of SG&A expense and gross margin deleverage for fiscal 2016 raises concerns. Nonetheless, the company's constant shareholder-friendly moves should also draw investors' attention.”
  • 8/2/2016 – Bed Bath & Beyond had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $42.00 price target on the stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.14% during mid-day trading on Wednesday, hitting $43.11. 3,454,454 shares of the company were exchanged. The company’s 50-day moving average price is $44.93 and its 200-day moving average price is $45.70. Bed Bath & Beyond Inc. has a 12-month low of $41.15 and a 12-month high of $61.90. The firm has a market capitalization of $6.51 billion, a P/E ratio of 8.60 and a beta of 0.72.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Wednesday, September 21st. The retailer reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.05. Bed Bath & Beyond had a net margin of 6.66% and a return on equity of 31.15%. The company earned $2.99 billion during the quarter, compared to analyst estimates of $901.50 million. During the same quarter last year, the company posted $1.21 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that Bed Bath & Beyond Inc. will post $4.83 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Bed Bath & Beyond’s payout ratio is presently 9.98%.

In other Bed Bath & Beyond news, COO Eugene A. Castagna sold 17,866 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $45.86, for a total transaction of $819,334.76. Following the transaction, the chief operating officer now owns 140,630 shares in the company, valued at approximately $6,449,291.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

5 Day Chart for NASDAQ:BBBY

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