Bed Bath & Beyond (NASDAQ:BBBY) received a $23.00 price objective from stock analysts at Wedbush in a report released on Wednesday. The brokerage currently has a “hold” rating on the retailer’s stock. Wedbush’s price target suggests a potential upside of 0.31% from the company’s previous close.
A number of other analysts have also issued reports on the stock. 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. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS Group restated a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down previously from $28.00) on shares of Bed Bath & Beyond in a research report on Monday, September 18th. Finally, Barclays restated 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. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.24.
Shares of Bed Bath & Beyond (NASDAQ BBBY) opened at $22.93 on Wednesday. The company has a market cap of $3,280.00, a P/E ratio of 6.59, a PEG ratio of -3.73 and a beta of 1.10. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $42.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31.
Hedge funds have recently made changes to their positions in the business. Mizuho Asset Management Co. Ltd. increased its holdings in Bed Bath & Beyond by 103.5% in the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 2,304 shares of the retailer’s stock valued at $100,000 after buying an additional 1,172 shares during the period. Ffcm LLC increased its holdings in Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after buying an additional 4,290 shares during the period. Quantbot Technologies LP bought a new stake in Bed Bath & Beyond in the 1st quarter valued at $106,000. Creative Planning increased its holdings in Bed Bath & Beyond by 1.2% in the 2nd quarter. Creative Planning now owns 2,585 shares of the retailer’s stock valued at $112,000 after buying an additional 30 shares during the period. Finally, Cutler Group LP increased its holdings in Bed Bath & Beyond by 157.6% in the 1st quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock valued at $115,000 after buying an additional 8,027 shares during the period. 91.72% of the stock is owned by 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).
