Bed Bath & Beyond Inc. (NASDAQ:BBBY)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse Group AG in a note issued to investors on Thursday. They currently have a $39.00 price target on the retailer’s stock, down from their prior price target of $41.00. Credit Suisse Group AG’s target price indicates a potential downside of 9.53% from the stock’s current price.

BBBY has been the topic of a number of other research reports. Wedbush restated a “neutral” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Bed Bath & Beyond in a research report on Saturday, June 25th. Nomura reiterated a “hold” rating and set a $45.00 price target (down previously from $50.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $45.00 price target (down previously from $50.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Longbow Research initiated coverage on shares of Bed Bath & Beyond in a research report on Thursday, June 16th. They set a “neutral” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $45.00 price target (down previously from $51.00) on shares of Bed Bath & Beyond in a research report on Monday, June 27th. Eight equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.81% during trading on Thursday, hitting $43.46. 3,288,210 shares of the company’s stock traded hands. The stock has a market cap of $6.57 billion, a P/E ratio of 8.67 and a beta of 0.72. The company’s 50 day moving average is $44.91 and its 200-day moving average is $45.68. Bed Bath & Beyond has a 12 month low of $41.15 and a 12 month high of $61.90.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/bed-bath-beyond-inc-bbby-given-neutral-rating-at-credit-suisse-group-ag.html

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, September 21st. The retailer reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $2.99 billion during the quarter. During the same quarter last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Bed Bath & Beyond will post $4.83 earnings per share for the current year.

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

In related news, COO Eugene A. Castagna sold 17,866 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 140,630 shares of the company’s stock, valued at $6,449,291.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Bed Bath & Beyond during the fourth quarter valued at $88,509,000. Chevy Chase Trust Holdings Inc. boosted its position in Bed Bath & Beyond by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 139,269 shares of the retailer’s stock valued at $6,913,000 after buying an additional 3,488 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Bed Bath & Beyond by 11.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,540 shares of the retailer’s stock valued at $1,913,000 after buying an additional 3,856 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Bed Bath & Beyond by 6.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 39,829 shares of the retailer’s stock valued at $1,977,000 after buying an additional 2,422 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its position in Bed Bath & Beyond by 16.3% in the first quarter. Commonwealth Equity Services Inc now owns 10,732 shares of the retailer’s stock valued at $533,000 after buying an additional 1,503 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

About Bed Bath & Beyond

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

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.