Bed Bath & Beyond Inc. (NASDAQ:BBBY)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Monday. They presently have a $38.00 price target on the retailer’s stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 8.11% from the company’s previous close.

A number of other equities research analysts have also recently commented on BBBY. Zacks Investment Research raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Loop Capital reaffirmed a “sell” rating and issued a $35.00 target price on shares of Bed Bath & Beyond in a report on Thursday, March 30th. Telsey Advisory Group reduced their target price on shares of Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. Wedbush reduced their target price on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Bed Bath & Beyond in a report on Thursday, April 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and an average price target of $42.33.

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

Shares of Bed Bath & Beyond (BBBY) traded down 0.51% during trading on Monday, reaching $35.15. The company had a trading volume of 2,981,451 shares. Bed Bath & Beyond has a 1-year low of $33.63 and a 1-year high of $48.83. The firm has a 50-day moving average of $35.87 and a 200 day moving average of $39.74. The firm has a market capitalization of $5.02 billion, a PE ratio of 7.67 and a beta of 1.01.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, April 5th. The retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.07. Bed Bath & Beyond had a net margin of 5.61% and a return on equity of 26.26%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Bed Bath & Beyond’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post $4.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 13.04%.

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In other news, VP Matthew Fiorilli sold 44,664 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $39.56, for a total value of $1,766,907.84. Following the sale, the vice president now directly owns 155,722 shares in the company, valued at $6,160,362.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven H. Temares sold 96,109 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $37.37, for a total transaction of $3,591,593.33. Following the completion of the sale, the chief executive officer now owns 629,415 shares in the company, valued at $23,521,238.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 349,706 shares of company stock valued at $13,679,409. 5.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BBBY. Nicholas Hoffman & Company LLC. raised its stake in Bed Bath & Beyond by 0.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 7,930 shares of the retailer’s stock valued at $313,000 after buying an additional 28 shares in the last quarter. Amalgamated Bank raised its stake in Bed Bath & Beyond by 0.3% in the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock valued at $417,000 after buying an additional 32 shares in the last quarter. Nordea Investment Management AB raised its stake in Bed Bath & Beyond by 1.7% in the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock valued at $304,000 after buying an additional 129 shares in the last quarter. Blair William & Co. IL raised its stake in Bed Bath & Beyond by 1.5% in the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock valued at $566,000 after buying an additional 213 shares in the last quarter. Finally, ARGI Investment Services LLC raised its stake in Bed Bath & Beyond by 1.1% in the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock valued at $1,076,000 after buying an additional 284 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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).

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