Bed Bath & Beyond (BBBY) Upgraded to “C” at TheStreet

Bed Bath & Beyond (NASDAQ:BBBY) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c” rating in a note issued to investors on Wednesday.

A number of other research firms have also commented on BBBY. BidaskClub raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Barclays dropped their price target on Bed Bath & Beyond from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 21st. Morgan Stanley set a $22.00 price target on Bed Bath & Beyond and gave the stock a “sell” rating in a research report on Thursday, December 21st. Telsey Advisory Group reissued a “market perform” rating on shares of Bed Bath & Beyond in a research report on Thursday, January 25th. Finally, JPMorgan Chase lowered Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $23.03 to $18.00 in a research report on Friday, January 26th. Eleven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Bed Bath & Beyond has an average rating of “Hold” and a consensus target price of $23.29.

Shares of NASDAQ BBBY traded up $0.09 during mid-day trading on Wednesday, reaching $17.30. 3,964,191 shares of the company’s stock were exchanged, compared to its average volume of 4,009,499. The firm has a market cap of $3,061.88, a P/E ratio of 5.52, a P/E/G ratio of -3.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. 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 released its quarterly earnings results on Wednesday, April 11th. The retailer reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.07. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.68 billion. Bed Bath & Beyond had a return on equity of 16.72% and a net margin of 3.44%. Bed Bath & Beyond’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 earnings per share. equities analysts anticipate that Bed Bath & Beyond will post 2.76 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $121,000. Captrust Financial Advisors purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $151,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $149,000. State of Alaska Department of Revenue purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $180,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $223,000. 91.37% of the stock is owned by institutional investors.

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About Bed Bath & Beyond

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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