Bed Bath & Beyond Inc. (NASDAQ:BBBY) Raised to Sell at BidaskClub

Bed Bath & Beyond Inc. (NASDAQ:BBBY) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday, July 31st.

Several other equities research analysts have also recently weighed in on BBBY. UBS AG reissued a “neutral” rating and issued a $41.00 price target on shares of Bed Bath & Beyond in a research note on Friday, April 7th. Morgan Stanley set a $30.00 price target on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Saturday, June 24th. Wedbush set a $30.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Saturday, June 24th. Bank of America Corporation set a $27.00 price target on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Saturday, June 24th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Bed Bath & Beyond in a research note on Saturday, June 24th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Bed Bath & Beyond has a consensus rating of “Hold” and a consensus price target of $35.24.

Bed Bath & Beyond (NASDAQ BBBY) traded down 0.76% during trading on Monday, hitting $27.27. The stock had a trading volume of 1,945,254 shares. The company has a 50-day moving average of $29.29 and a 200 day moving average of $35.62. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 6.27 and a beta of 1.13. Bed Bath & Beyond has a 52 week low of $27.12 and a 52 week high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the consensus estimate of $0.66 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts anticipate that Bed Bath & Beyond will post $4.02 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of BBBY. Toronto Dominion Bank raised its position in Bed Bath & Beyond by 19.6% in the second quarter. Toronto Dominion Bank now owns 52,735 shares of the retailer’s stock worth $1,603,000 after buying an additional 8,653 shares in the last quarter. U S Global Investors Inc. bought a new position in Bed Bath & Beyond during the second quarter worth $409,000. Nomura Holdings Inc. raised its position in Bed Bath & Beyond by 110.8% in the second quarter. Nomura Holdings Inc. now owns 26,825 shares of the retailer’s stock worth $815,000 after buying an additional 275,609 shares in the last quarter. Bank of Nova Scotia raised its position in Bed Bath & Beyond by 1,616.3% in the second quarter. Bank of Nova Scotia now owns 531,128 shares of the retailer’s stock worth $16,147,000 after buying an additional 500,182 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV raised its position in Bed Bath & Beyond by 20.6% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 49,448 shares of the retailer’s stock worth $1,507,000 after buying an additional 8,440 shares in the last quarter. Institutional investors own 91.50% of the company’s stock.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

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