Bed Bath & Beyond (NASDAQ:BBBY) has been given a $25.00 price target by equities research analysts at Credit Suisse Group in a report issued on Thursday. The firm presently has a “hold” rating on the retailer’s stock. Credit Suisse Group’s price target would indicate a potential upside of 16.28% from the stock’s current price.
A number of other analysts have also recently issued reports on BBBY. BidaskClub cut Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. ValuEngine cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. UBS reissued a “neutral” rating and set a $30.00 target price (down from $33.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 14th. Finally, Robert W. Baird reissued a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Bed Bath & Beyond in a research note on Monday, September 18th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.24.
Bed Bath & Beyond (NASDAQ:BBBY) traded down $3.07 during midday trading on Thursday, reaching $21.50. The company had a trading volume of 21,799,028 shares, compared to its average volume of 3,524,518. Bed Bath & Beyond has a twelve month low of $19.07 and a twelve month high of $44.29. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. The company has a market cap of $3,506.19, a PE ratio of 5.96 and a beta of 1.10.
Institutional investors and hedge funds have recently modified their holdings of the company. Ffcm LLC grew its stake in shares of Bed Bath & Beyond by 2,958.6% during the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after acquiring an additional 4,290 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Bed Bath & Beyond by 928.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after acquiring an additional 3,463 shares in the last quarter. Psagot Investment House Ltd. acquired a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at approximately $217,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at approximately $222,000. Finally, Point View Wealth Management Inc. boosted its holdings in shares of Bed Bath & Beyond by 55.9% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,020 shares of the retailer’s stock valued at $244,000 after buying an additional 2,876 shares during the last quarter. 91.72% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Credit Suisse Group Analysts Give Bed Bath & Beyond (BBBY) a $25.00 Price Target” was originally published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/21/credit-suisse-group-analysts-give-bed-bath-beyond-bbby-a-25-00-price-target.html.
Bed Bath & Beyond Company Profile
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).
