Bed Bath & Beyond (NASDAQ:BBBY) has been assigned a $23.00 price objective by equities research analysts at Loop Capital in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the retailer’s stock. Loop Capital’s target price points to a potential upside of 6.98% from the company’s previous close.
BBBY has been the topic of several other research reports. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, September 5th. Credit Suisse Group reiterated a “neutral” rating and set a $25.00 price target (down previously from $33.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Bank of America reiterated an “underperform” rating and set a $22.00 price target (down previously from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. ValuEngine downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Telsey Advisory Group reduced their price target on shares of Bed Bath & Beyond from $32.00 to $21.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 20th. Seven investment 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 an average rating of “Hold” and an average target price of $26.24.
Shares of Bed Bath & Beyond (BBBY) traded down $3.07 during midday trading on Thursday, reaching $21.50. 21,799,028 shares of the company traded hands, compared to its average volume of 3,524,518. 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 current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $44.29.
A number of institutional investors have recently added to or reduced their stakes in BBBY. Ffcm LLC lifted its position in Bed Bath & Beyond by 2,958.6% during the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after purchasing an additional 4,290 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Bed Bath & Beyond by 928.4% in the 2nd 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 during the last quarter. Psagot Investment House Ltd. bought a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at about $217,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at about $222,000. Finally, Point View Wealth Management Inc. increased its stake in shares of Bed Bath & Beyond by 55.9% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,020 shares of the retailer’s stock valued at $244,000 after acquiring an additional 2,876 shares during the last quarter. Institutional investors own 91.72% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Market News and is the sole property of of American Market News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/21/bed-bath-beyond-bbby-given-a-23-00-price-target-at-loop-capital.html.
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).
