Bed Bath & Beyond (NASDAQ:BBBY) has been assigned a $22.00 target price by investment analysts at Morgan Stanley in a research note issued to investors on Thursday. The brokerage currently has a “sell” rating on the retailer’s stock. Morgan Stanley’s price objective would suggest a potential downside of 10.46% from the company’s previous close.
A number of other research firms also recently weighed in on BBBY. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Thursday, September 14th. KeyCorp reaffirmed an “underweight” rating and set a $21.00 price target (down from $27.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Moffett Nathanson initiated coverage on Bed Bath & Beyond in a research note on Monday, December 4th. They set a “neutral” rating on the stock. UBS reaffirmed a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price target (down from $28.00) on shares of Bed Bath & Beyond in a research note on Monday, September 18th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.12.
Shares of Bed Bath & Beyond (NASDAQ BBBY) traded up $0.60 during trading hours on Thursday, hitting $24.57. The stock had a trading volume of 10,069,400 shares, compared to its average volume of 3,449,928. The firm has a market cap of $3,506.19, a P/E ratio of 5.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33. Bed Bath & Beyond has a 12 month low of $19.07 and a 12 month high of $46.77.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in Bed Bath & Beyond by 16.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 782,937 shares of the retailer’s stock worth $18,376,000 after purchasing an additional 108,313 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Bed Bath & Beyond during the 3rd quarter worth approximately $317,000. Ameritas Investment Partners Inc. increased its holdings in Bed Bath & Beyond by 1,073.4% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 43,300 shares of the retailer’s stock worth $1,194,000 after purchasing an additional 39,610 shares in the last quarter. California Public Employees Retirement System increased its holdings in Bed Bath & Beyond by 7.0% during the 3rd quarter. California Public Employees Retirement System now owns 647,245 shares of the retailer’s stock worth $15,191,000 after purchasing an additional 42,247 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Bed Bath & Beyond by 27.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after purchasing an additional 3,552 shares in the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.
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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).
