Bed Bath & Beyond Inc. (NASDAQ:BBBY) had its target price lowered by stock analysts at KeyCorp from $21.00 to $17.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “underweight” rating on the retailer’s stock. KeyCorp’s price target points to a potential downside of 15.92% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. UBS AG reiterated a “hold” rating and set a $24.00 target price (down previously from $30.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Barclays PLC reiterated an “equal weight” rating and set a $30.00 target price (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Finally, Deutsche Bank AG cut their target price on shares of Bed Bath & Beyond to $21.00 and set a “hold” rating for the company in a research report on Wednesday, September 20th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average price target of $27.88.

Bed Bath & Beyond (NASDAQ BBBY) traded up $0.50 on Wednesday, reaching $20.22. 4,457,700 shares of the company traded hands, compared to its average volume of 3,219,668. The company has a market capitalization of $2,884.52, a price-to-earnings ratio of 4.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.33 and a current ratio of 1.77. Bed Bath & Beyond has a one year low of $19.07 and a one year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. Bed Bath & Beyond’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 EPS. equities analysts predict that Bed Bath & Beyond will post 3 EPS for the current year.

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Hedge funds have recently bought and sold shares of the business. Quinn Opportunity Partners LLC raised its stake in shares of Bed Bath & Beyond by 15.3% during the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock worth $2,295,000 after acquiring an additional 10,000 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Bed Bath & Beyond by 59.4% during the third quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock worth $392,000 after acquiring an additional 6,217 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Bed Bath & Beyond by 9.0% during the second quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock worth $5,233,000 after acquiring an additional 14,236 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Bed Bath & Beyond during the second quarter worth approximately $1,096,000. Finally, Swiss National Bank raised its stake in shares of Bed Bath & Beyond by 1.7% during the second quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock worth $16,635,000 after acquiring an additional 9,000 shares in the last quarter. 91.78% of the stock is currently owned by hedge funds and other 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).

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

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