Bed Bath & Beyond (NASDAQ:BBBY) Stock Rating Lowered by ValuEngine

Bed Bath & Beyond (NASDAQ:BBBY) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, ValuEngine reports.

A number of other brokerages have also recently issued reports on BBBY. Wedbush reissued an “outperform” rating and issued a $16.00 target price on shares of Bed Bath & Beyond in a report on Thursday, October 10th. Jefferies Financial Group dropped their target price on Bed Bath & Beyond from $13.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. BidaskClub cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Raymond James raised Bed Bath & Beyond to a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley set a $12.00 target price on Bed Bath & Beyond and gave the stock a “hold” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Bed Bath & Beyond has a consensus rating of “Hold” and a consensus target price of $14.44.

BBBY opened at $14.20 on Friday. Bed Bath & Beyond has a 52-week low of $7.31 and a 52-week high of $19.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 1.46. The stock has a 50-day moving average of $12.54 and a 200-day moving average of $11.66. The company has a market cap of $1.70 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 7.01 and a beta of 1.30.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, October 2nd. The retailer reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm posted $0.36 EPS. Bed Bath & Beyond’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, research analysts predict that Bed Bath & Beyond will post 1.92 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in Bed Bath & Beyond by 124.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,942 shares of the retailer’s stock valued at $30,000 after buying an additional 1,631 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Bed Bath & Beyond by 7,607.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,083 shares of the retailer’s stock valued at $32,000 after buying an additional 3,043 shares during the last quarter. Winthrop Partners WNY LLC bought a new position in Bed Bath & Beyond in the 3rd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. boosted its position in Bed Bath & Beyond by 28.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,165 shares of the retailer’s stock valued at $55,000 after buying an additional 1,156 shares during the last quarter. Finally, Cerebellum GP LLC bought a new position in Bed Bath & Beyond in the 3rd quarter valued at $121,000.

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 various juvenile products.

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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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