Shares of Bed Bath & Beyond, Inc. (NYSE:BBBY – Get Free Report) have earned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.00.
Several brokerages recently issued reports on BBBY. Wedbush reiterated an “outperform” rating and set a $8.00 price objective (up from $7.00) on shares of Bed Bath & Beyond in a report on Tuesday, April 28th. Weiss Ratings lowered Bed Bath & Beyond from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Finally, Piper Sandler set a $8.00 price objective on Bed Bath & Beyond and gave the stock a “neutral” rating in a report on Tuesday, February 24th.
Read Our Latest Research Report on BBBY
Insider Activity
Hedge Funds Weigh In On Bed Bath & Beyond
Several institutional investors have recently bought and sold shares of BBBY. AQR Capital Management LLC raised its holdings in Bed Bath & Beyond by 217.4% during the first quarter. AQR Capital Management LLC now owns 131,501 shares of the company’s stock valued at $763,000 after buying an additional 90,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bed Bath & Beyond by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,512 shares of the company’s stock valued at $386,000 after buying an additional 15,707 shares in the last quarter. Strs Ohio bought a new position in Bed Bath & Beyond during the first quarter valued at about $151,000. Rhumbline Advisers raised its holdings in Bed Bath & Beyond by 38.9% during the second quarter. Rhumbline Advisers now owns 97,453 shares of the company’s stock valued at $670,000 after buying an additional 27,286 shares in the last quarter. Finally, Sei Investments Co. bought a new position in Bed Bath & Beyond during the second quarter valued at about $378,000. 76.30% of the stock is currently owned by institutional investors.
Bed Bath & Beyond Stock Down 7.5%
Shares of Bed Bath & Beyond stock opened at $4.91 on Thursday. The stock has a market cap of $362.68 million, a PE ratio of -5.16 and a beta of 2.81. The business has a fifty day simple moving average of $4.99 and a 200-day simple moving average of $5.83. Bed Bath & Beyond has a 12 month low of $4.26 and a 12 month high of $12.65.
Bed Bath & Beyond (NYSE:BBBY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.06. Bed Bath & Beyond had a negative return on equity of 27.60% and a negative net margin of 5.76%.The business had revenue of $248.00 million during the quarter. Analysts expect that Bed Bath & Beyond will post -0.71 EPS for the current fiscal year.
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.
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