Bed Bath & Beyond, Inc. (NYSE:BBBY) Given Average Rating of “Hold” by Analysts

Bed Bath & Beyond, Inc. (NYSE:BBBY) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.20.

Several research analysts have weighed in on the stock. Barclays set a $8.00 price objective on shares of Bed Bath & Beyond and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bed Bath & Beyond in a research note on Wednesday, January 21st. Finally, Wedbush reissued an “outperform” rating and issued a $13.00 price objective on shares of Bed Bath & Beyond in a report on Tuesday, October 21st.

Institutional Investors Weigh In On Bed Bath & Beyond

A number of institutional investors have recently made changes to their positions in BBBY. Nisa Investment Advisors LLC lifted its stake in Bed Bath & Beyond by 85.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,629 shares of the company’s stock worth $25,000 after purchasing an additional 1,669 shares during the last quarter. Headlands Technologies LLC bought a new stake in Bed Bath & Beyond during the second quarter valued at $33,000. Ameritas Investment Partners Inc. raised its holdings in shares of Bed Bath & Beyond by 25.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,617 shares of the company’s stock worth $39,000 after purchasing an additional 1,133 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Bed Bath & Beyond by 33.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,359 shares of the company’s stock worth $51,000 after purchasing an additional 1,828 shares during the period. Finally, Choreo LLC bought a new position in shares of Bed Bath & Beyond in the 4th quarter worth about $68,000. 76.30% of the stock is currently owned by institutional investors.

Bed Bath & Beyond Trading Down 1.0%

BBBY stock opened at $6.80 on Tuesday. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $7.99. The company has a market capitalization of $468.25 million, a P/E ratio of -2.42 and a beta of 2.85. Bed Bath & Beyond has a twelve month low of $3.54 and a twelve month high of $12.65.

About Bed Bath & Beyond

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.