Bed Bath & Beyond (NASDAQ:BBBY) had its price objective decreased by analysts at Deutsche Bank from $24.00 to $21.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the retailer’s stock. Deutsche Bank’s price target indicates a potential downside of 2.33% from the company’s previous close.
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase lowered Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $23.03 to $18.00 in a research note on Friday, January 26th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Bed Bath & Beyond in a research note on Thursday, January 25th. Jefferies Group reduced their target price on Bed Bath & Beyond to $25.00 and set an “underperform” rating on the stock in a research note on Friday, December 22nd. ValuEngine lowered Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.78.
BBBY stock opened at $21.50 on Tuesday. 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 quick ratio of 0.31 and a current ratio of 1.67. The company has a market capitalization of $2,965.03, a P/E ratio of 4.69, a P/E/G ratio of -3.77 and a beta of 1.00.
Several institutional investors have recently modified their holdings of BBBY. Cerebellum GP LLC purchased a new position in shares of Bed Bath & Beyond during the 4th quarter worth $121,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $149,000. Captrust Financial Advisors acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $151,000. State of Alaska Department of Revenue acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $180,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $223,000. 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.
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