Bed Bath & Beyond (NASDAQ:BBBY) Price Target Cut to $13.00

Bed Bath & Beyond (NASDAQ:BBBY) had its target price dropped by research analysts at Jefferies Financial Group from $17.00 to $13.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the retailer’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.38% from the stock’s current price. Jefferies Financial Group also issued estimates for Bed Bath & Beyond’s Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.26 EPS and Q4 2020 earnings at $1.38 EPS.

A number of other analysts have also recently weighed in on BBBY. Raymond James reaffirmed a “hold” rating on shares of Apple in a research report on Tuesday, March 26th. Bank of America set a $25.00 price target on shares of Bed Bath & Beyond and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. KeyCorp raised shares of Bed Bath & Beyond from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, March 26th. Finally, Wolfe Research raised shares of TD Ameritrade from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Bed Bath & Beyond currently has an average rating of “Hold” and an average price target of $15.55.

Shares of Bed Bath & Beyond stock opened at $10.89 on Thursday. The business’s fifty day simple moving average is $12.11. The company has a current ratio of 1.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. Bed Bath & Beyond has a twelve month low of $10.43 and a twelve month high of $20.38. The stock has a market cap of $1.40 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 5.84 and a beta of 1.19.



Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Bed Bath & Beyond had a negative net margin of 4.66% and a positive return on equity of 8.87%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Bed Bath & Beyond will post 1.97 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its stake in Bed Bath & Beyond by 413.9% during the fourth quarter. Acadian Asset Management LLC now owns 6,490 shares of the retailer’s stock worth $73,000 after acquiring an additional 5,227 shares during the period. BlackRock Inc. raised its stake in Bed Bath & Beyond by 3.0% during the fourth quarter. BlackRock Inc. now owns 16,426,666 shares of the retailer’s stock worth $185,947,000 after acquiring an additional 481,982 shares during the period. Private Advisor Group LLC raised its stake in Bed Bath & Beyond by 22.1% during the fourth quarter. Private Advisor Group LLC now owns 15,465 shares of the retailer’s stock worth $176,000 after acquiring an additional 2,795 shares during the period. Bank of New York Mellon Corp raised its stake in Bed Bath & Beyond by 21.6% during the fourth quarter. Bank of New York Mellon Corp now owns 3,251,750 shares of the retailer’s stock worth $36,810,000 after acquiring an additional 578,035 shares during the period. Finally, Texas Permanent School Fund raised its stake in Bed Bath & Beyond by 2.5% during the fourth quarter. Texas Permanent School Fund now owns 90,339 shares of the retailer’s stock worth $1,023,000 after acquiring an additional 2,168 shares during the period. 97.43% of the stock is owned by institutional investors.

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 various juvenile products.

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