Bed Bath & Beyond (NASDAQ:BBBY) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $0.700-$1.100 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.510. The company issued revenue guidance of $8.10 billion-$8.30 billion, compared to the consensus revenue estimate of $8.31 billion.Bed Bath & Beyond also updated its Q3 2021 guidance to $0.000-$0.050 EPS.
Several research analysts have weighed in on the stock. Telsey Advisory Group decreased their price objective on shares of Bed Bath & Beyond from $35.00 to $28.00 and set a market perform rating for the company in a report on Monday, September 27th. TheStreet lowered shares of Bed Bath & Beyond from a c rating to a d+ rating in a report on Thursday, September 30th. KeyCorp decreased their price target on shares of Bed Bath & Beyond from $14.00 to $13.00 and set an underweight rating for the company in a report on Thursday. Loop Capital cut their price objective on shares of Bed Bath & Beyond from $18.00 to $14.00 and set a hold rating on the stock in a research report on Monday. Finally, Credit Suisse Group dropped their price target on shares of Bed Bath & Beyond from $30.00 to $23.00 and set a neutral rating on the stock in a research report on Friday, October 1st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $21.31.
Bed Bath & Beyond stock opened at $14.44 on Thursday. The firm’s 50 day simple moving average is $23.90 and its 200-day simple moving average is $26.71. The company has a market cap of $1.46 billion, a P/E ratio of 19.51 and a beta of 1.82. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.56 and a quick ratio of 0.80. Bed Bath & Beyond has a fifty-two week low of $14.10 and a fifty-two week high of $53.90.
About Bed Bath & Beyond
Bed Bath & Beyond, Inc engages in the operation of retail stores and retails domestics merchandise and home furnishings. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables.
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