Bed Bath & Beyond (NASDAQ:BBBY) had its price objective decreased by Barclays from $30.00 to $25.00 in a report issued on Thursday, Marketbeat reports. The firm currently has an “equal weight” rating on the retailer’s stock. Barclays’ target price indicates a potential upside of 1.75% from the stock’s current price.
Several other research analysts have also commented on the stock. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday. Moffett Nathanson began coverage on shares of Bed Bath & Beyond in a research note on Monday, December 4th. They set a “neutral” rating for the company. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp lowered their target price on shares of Bed Bath & Beyond from $21.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Finally, Robert W. Baird set a $23.00 target price on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Tuesday, October 31st. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.12.
Bed Bath & Beyond (NASDAQ:BBBY) traded up $0.60 during midday trading on Thursday, reaching $24.57. 10,069,400 shares of the company’s stock traded hands, compared to its average volume of 3,449,928. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33. The stock has a market capitalization of $3,506.19, a price-to-earnings ratio of 5.96 and a beta of 1.10. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $46.77.
Institutional investors have recently made changes to their positions in the business. Quinn Opportunity Partners LLC raised its holdings in Bed Bath & Beyond by 15.3% in the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock worth $2,295,000 after purchasing an additional 10,000 shares in the last quarter. LS Investment Advisors LLC raised its holdings in Bed Bath & Beyond by 59.4% in the third quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock worth $392,000 after purchasing an additional 6,217 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Bed Bath & Beyond by 9.0% in the second quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock worth $5,233,000 after purchasing an additional 14,236 shares in the last quarter. Swiss National Bank raised its holdings in Bed Bath & Beyond by 1.7% in the second quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock worth $16,635,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in Bed Bath & Beyond in the second quarter worth about $1,096,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
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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).
