Bed Bath & Beyond (BBBY) Price Target Lowered to $20.00 at Telsey Advisory Group

Bed Bath & Beyond (NASDAQ:BBBY) had its target price cut by stock analysts at Telsey Advisory Group from $22.00 to $20.00 in a report issued on Thursday. The brokerage currently has a “market perform” rating on the retailer’s stock. Telsey Advisory Group’s price objective suggests a potential downside of 6.98% from the company’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase lowered shares of Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $23.03 to $18.00 in a report on Friday, January 26th. Jefferies Group reduced their price target on shares of Bed Bath & Beyond to $25.00 and set an “underperform” rating for the company in a report on Friday, December 22nd. ValuEngine downgraded shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Wedbush cut their price objective on shares of Bed Bath & Beyond from $23.00 to $22.26 and set a “neutral” rating on the stock in a research report on Tuesday, March 20th. Nine investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.35.

Shares of BBBY opened at $21.50 on Thursday. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $40.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. The stock has a market cap of $3,023.42, a P/E ratio of 4.69, a P/E/G ratio of -3.84 and a beta of 1.00.



Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, April 11th. The retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts forecast that Bed Bath & Beyond will post 3.01 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC grew its position in Bed Bath & Beyond by 10.0% during the 4th quarter. Verition Fund Management LLC now owns 29,909 shares of the retailer’s stock worth $658,000 after purchasing an additional 2,715 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Bed Bath & Beyond by 27.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after purchasing an additional 3,552 shares during the last quarter. Macquarie Group Ltd. grew its position in Bed Bath & Beyond by 15.0% during the 4th quarter. Macquarie Group Ltd. now owns 35,300 shares of the retailer’s stock worth $776,000 after purchasing an additional 4,600 shares during the last quarter. Vident Investment Advisory LLC grew its position in Bed Bath & Beyond by 10.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 55,815 shares of the retailer’s stock worth $1,310,000 after purchasing an additional 5,348 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Bed Bath & Beyond during the 4th quarter worth approximately $121,000. 91.37% of the stock is currently owned by institutional investors.

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Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products.

Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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