Bed Bath & Beyond (NASDAQ:BBBY) received a $25.00 price objective from investment analysts at Credit Suisse Group in a report issued on Wednesday. The firm currently has a “hold” rating on the retailer’s stock. Credit Suisse Group’s price objective suggests a potential upside of 12.36% from the stock’s previous close.
Several other equities analysts also recently commented on BBBY. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Loop Capital set a $23.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Thursday, December 21st. Wedbush set a $23.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Wednesday, December 27th. Finally, BidaskClub upgraded shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Nine equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.39.
Shares of Bed Bath & Beyond (BBBY) traded down $0.25 during midday trading on Wednesday, reaching $22.25. The company’s stock had a trading volume of 340,090 shares, compared to its average volume of 3,494,579. The stock has a market capitalization of $3,228.50, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of -4.06 and a beta of 1.10. The company has a current ratio of 1.67, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $40.76.
In related news, VP Matthew Fiorilli sold 16,957 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $22.62, for a total transaction of $383,567.34. Following the completion of the transaction, the vice president now owns 97,419 shares in the company, valued at $2,203,617.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.
Several hedge funds have recently modified their holdings of BBBY. Ffcm LLC boosted its stake in Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after acquiring an additional 4,290 shares in the last quarter. Cerebellum GP LLC acquired a new position in Bed Bath & Beyond in the fourth quarter valued at $121,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Bed Bath & Beyond in the fourth quarter valued at $149,000. Captrust Financial Advisors acquired a new position in Bed Bath & Beyond in the fourth quarter valued at $151,000. Finally, State of Alaska Department of Revenue acquired a new position in Bed Bath & Beyond in the fourth quarter valued at $180,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.
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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).
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