Bed Bath & Beyond (NASDAQ:BBBY) has been assigned a $23.00 price target by investment analysts at Loop Capital in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the retailer’s stock. Loop Capital’s price target would indicate a potential upside of 33.64% from the stock’s current price.
BBBY has been the topic of several other research reports. BidaskClub downgraded Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Credit Suisse Group set a $25.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a report on Thursday, December 21st. Wedbush set a $23.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, February 20th. Finally, Barclays reduced their price target on Bed Bath & Beyond from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, December 21st. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.29.
BBBY opened at $17.21 on Wednesday. The stock has a market capitalization of $3,023.42, a PE ratio of 3.76, a P/E/G ratio of -3.84 and a beta of 1.00. The company has a current ratio of 1.67, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond has a 12 month low of $17.19 and a 12 month high of $40.33.
A number of institutional investors have recently bought and sold shares of the business. Meitav Dash Investments Ltd. bought a new stake in Bed Bath & Beyond during the 4th quarter valued at approximately $994,000. MetLife Investment Advisors LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at approximately $1,993,000. Glenmede Trust Co. NA boosted its position in Bed Bath & Beyond by 42.8% during the 4th quarter. Glenmede Trust Co. NA now owns 37,206 shares of the retailer’s stock valued at $817,000 after acquiring an additional 11,153 shares in the last quarter. Macquarie Group Ltd. boosted 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 valued at $776,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in Bed Bath & Beyond by 9.9% during the 4th quarter. Vident Investment Advisory LLC now owns 61,336 shares of the retailer’s stock valued at $1,349,000 after acquiring an additional 5,521 shares in the last quarter. 91.37% of the stock is currently owned by institutional investors and hedge funds.
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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