Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have been given an average recommendation of “Hold” by the twenty-five brokerages that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.24.

BBBY has been the subject of several research reports. Loop Capital raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating and dropped their price objective for the company from $37.00 to $35.00 in a research note on Friday, May 12th. ValuEngine cut shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Wolfe Research cut shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $38.00 price target on shares of Bed Bath & Beyond in a research report on Monday, June 19th.

A number of large investors have recently bought and sold shares of BBBY. Nationwide Fund Advisors grew its holdings in Bed Bath & Beyond by 3.0% in the first quarter. Nationwide Fund Advisors now owns 157,832 shares of the retailer’s stock worth $6,228,000 after purchasing an additional 4,600 shares during the period. First Manhattan Co. grew its holdings in Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock worth $127,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC grew its holdings in Bed Bath & Beyond by 59.8% in the first quarter. Janney Montgomery Scott LLC now owns 11,270 shares of the retailer’s stock worth $445,000 after purchasing an additional 4,218 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Bed Bath & Beyond by 15.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,930 shares of the retailer’s stock worth $510,000 after purchasing an additional 1,727 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Bed Bath & Beyond by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,423 shares of the retailer’s stock worth $964,000 after purchasing an additional 701 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

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Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 28.30 on Friday. The firm’s 50-day moving average is $28.60 and its 200-day moving average is $34.37. Bed Bath & Beyond has a 12-month low of $26.96 and a 12-month high of $48.83. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 6.51 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. Analysts predict that Bed Bath & Beyond will post $4.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s payout ratio is 13.86%.

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).

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

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