Bed Bath & Beyond (BBBY) PT Lowered to $16.00 at Morgan Stanley

Bed Bath & Beyond (NASDAQ:BBBY) had its target price cut by research analysts at Morgan Stanley from $20.00 to $16.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “sell” rating on the retailer’s stock. Morgan Stanley’s price objective indicates a potential downside of 7.03% from the stock’s previous close.

BBBY has been the subject of several other research reports. BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Credit Suisse Group set a $25.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, December 21st. Loop Capital set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, April 5th. Wedbush set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, February 20th. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and a consensus price target of $23.29.

Shares of NASDAQ:BBBY opened at $17.21 on Thursday. The company has a market cap of $3,061.88, a PE ratio of 5.52, a P/E/G ratio of -3.89 and a beta of 1.00. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond has a twelve month low of $17.19 and a twelve month high of $40.33.



Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, April 11th. The retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.68 billion. Bed Bath & Beyond had a net margin of 3.44% and a return on equity of 16.72%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 EPS. equities research analysts forecast that Bed Bath & Beyond will post 2.76 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in Bed Bath & Beyond by 507.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 420,494 shares of the retailer’s stock worth $9,874,000 after buying an additional 351,316 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Bed Bath & Beyond by 64.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock worth $80,364,000 after buying an additional 1,336,053 shares during the last quarter. AMP Capital Investors Ltd raised its position in Bed Bath & Beyond by 84.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 193,125 shares of the retailer’s stock worth $4,532,000 after buying an additional 88,308 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Bed Bath & Beyond by 19.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 294,593 shares of the retailer’s stock worth $6,914,000 after buying an additional 48,166 shares during the last quarter. Finally, Vident Investment Advisory LLC raised 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 buying an additional 5,348 shares during the last quarter. Institutional investors own 91.37% of the company’s stock.

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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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