Bed Bath & Beyond (NASDAQ:BBBY) has been given a $23.00 target price by stock analysts at Wedbush in a research report issued on Thursday. The brokerage presently has a “hold” rating on the retailer’s stock. Wedbush’s price objective indicates a potential upside of 6.98% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, September 14th. ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Barclays reaffirmed an “equal weight” rating and set a $30.00 price target (down previously from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Loop Capital reaffirmed a “hold” rating and set a $23.00 price target (down previously from $35.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Finally, UBS reaffirmed a “hold” rating and set a $24.00 price target (down previously from $30.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.24.
Shares of Bed Bath & Beyond (BBBY) traded down $3.07 during trading on Thursday, reaching $21.50. The company’s stock had a trading volume of 21,799,028 shares, compared to its average volume of 3,524,518. Bed Bath & Beyond has a fifty-two week low of $19.07 and a fifty-two week high of $44.29. 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 quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Bed Bath & Beyond by 16.1% during the third quarter. Parametric Portfolio Associates LLC now owns 782,937 shares of the retailer’s stock worth $18,376,000 after buying an additional 108,313 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Bed Bath & Beyond during the third quarter worth $317,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Bed Bath & Beyond by 1,073.4% during the third quarter. Ameritas Investment Partners Inc. now owns 43,300 shares of the retailer’s stock worth $1,194,000 after buying an additional 39,610 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Bed Bath & Beyond by 7.0% during the third quarter. California Public Employees Retirement System now owns 647,245 shares of the retailer’s stock worth $15,191,000 after buying an additional 42,247 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Bed Bath & Beyond by 27.4% during the third quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after buying an additional 3,552 shares in the last quarter. 91.72% of the stock is owned by institutional investors.
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).
