Bed Bath & Beyond (NASDAQ:BBBY) received a $23.00 price objective from stock analysts at Loop Capital in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the retailer’s stock. Loop Capital’s price target points to a potential upside of 7.78% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of 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. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet lowered shares of Bed Bath & Beyond from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Barclays restated an “equal weight” rating and issued a $30.00 price objective (down from $40.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Finally, Jefferies Group restated a “hold” rating and issued a $25.00 price objective (down from $34.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 21st. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and a consensus price target of $26.24.
Shares of Bed Bath & Beyond (BBBY) traded down $0.30 during trading hours on Thursday, reaching $21.34. 6,078,557 shares of the company traded hands, compared to its average volume of 6,200,000. Bed Bath & Beyond has a 12-month low of $19.07 and a 12-month high of $41.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. The firm has a market cap of $3,010.00, a price-to-earnings ratio of 6.13, a P/E/G ratio of -3.60 and a beta of 1.09.
In other news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of BBBY. Schwab Charles Investment Management Inc. boosted its holdings in shares of Bed Bath & Beyond by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 910,413 shares of the retailer’s stock valued at $27,677,000 after acquiring an additional 73,791 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Bed Bath & Beyond by 18.6% in the second quarter. Victory Capital Management Inc. now owns 36,377 shares of the retailer’s stock valued at $1,106,000 after acquiring an additional 5,716 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Bed Bath & Beyond in the second quarter valued at about $251,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Bed Bath & Beyond by 928.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock valued at $117,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Bed Bath & Beyond by 1.7% in the second quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock valued at $16,635,000 after acquiring an additional 9,000 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors and hedge funds.
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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).
