Bed Bath & Beyond Inc. (NASDAQ:BBBY)‘s stock had its “neutral” rating reissued by Credit Suisse Group AG in a research report issued to clients and investors on Thursday. They presently have a $39.00 price objective on the retailer’s stock, down from their previous price objective of $41.00. Credit Suisse Group AG’s price objective points to a potential downside of 9.53% from the company’s previous close.

Several other brokerages have also recently issued reports on BBBY. Deutsche Bank AG reaffirmed a “hold” rating and set a $42.00 target price (down previously from $45.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Jefferies Group reissued a “hold” rating and set a $45.00 price target (down previously from $52.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Wedbush reissued a “neutral” rating and set a $46.00 price target on shares of Bed Bath & Beyond in a research report on Wednesday, June 15th. Robert W. Baird set a $45.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Monday. Finally, Nomura reissued a “neutral” rating and set a $50.00 price target on shares of Bed Bath & Beyond in a research report on Wednesday, June 15th. Eight analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and a consensus target price of $50.00.

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

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded up 1.72% on Thursday, reaching $43.85. 2,352,922 shares of the company’s stock traded hands. The firm’s 50 day moving average is $44.91 and its 200 day moving average is $45.68. Bed Bath & Beyond has a 52 week low of $41.15 and a 52 week high of $61.90. The firm has a market capitalization of $6.63 billion, a P/E ratio of 8.75 and a beta of 0.72.

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Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.05. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The business had revenue of $2.99 billion for the quarter. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond will post $4.83 earnings per share for the current fiscal year.

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

In other news, COO Eugene A. Castagna sold 17,866 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.86, for a total value of $819,334.76. Following the completion of the sale, 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 available through this hyperlink. 4.70% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the stock. FMR LLC increased its stake in Bed Bath & Beyond by 7.6% in the second quarter. FMR LLC now owns 12,156,947 shares of the retailer’s stock valued at $525,423,000 after buying an additional 860,235 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bed Bath & Beyond by 10.3% in the second quarter. JPMorgan Chase & Co. now owns 6,749,160 shares of the retailer’s stock valued at $291,699,000 after buying an additional 630,285 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Bed Bath & Beyond by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,392,892 shares of the retailer’s stock valued at $218,063,000 after buying an additional 31,400 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Bed Bath & Beyond by 3.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,122,848 shares of the retailer’s stock valued at $82,449,000 after buying an additional 63,161 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in Bed Bath & Beyond by 12.1% in the second quarter. BlackRock Group LTD now owns 1,896,021 shares of the retailer’s stock valued at $81,945,000 after buying an additional 205,277 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

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

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