Bed Bath & Beyond (BBBY) Downgraded by TheStreet

TheStreet cut shares of Bed Bath & Beyond (NASDAQ:BBBY) from a c rating to a d+ rating in a report published on Wednesday.

A number of other research analysts have also weighed in on the stock. Jefferies Group decreased their price target on shares of Bed Bath & Beyond to $25.00 and set an underperform rating on the stock in a research note on Friday. Loop Capital set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a hold rating in a research note on Thursday. Credit Suisse Group set a $25.00 price target on shares of Bed Bath & Beyond and gave the company a hold rating in a research note on Thursday. Wedbush set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a hold rating in a research note on Thursday. Finally, Morgan Stanley set a $22.00 price target on shares of Bed Bath & Beyond and gave the company a sell rating in a research note on Thursday. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $26.24.

Bed Bath & Beyond (BBBY) opened at $22.43 on Wednesday. The firm has a market cap of $3,593.95, a PE ratio of 6.45 and a beta of 1.10. Bed Bath & Beyond has a 12 month low of $19.07 and a 12 month high of $42.35. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.15%. Bed Bath & Beyond’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. equities analysts anticipate that Bed Bath & Beyond will post 2.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 17.24%.

Several hedge funds and other institutional investors have recently made changes to their positions in BBBY. Ffcm LLC increased its holdings in shares of Bed Bath & Beyond by 2,958.6% during the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after buying an additional 4,290 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Bed Bath & Beyond by 928.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after buying an additional 3,463 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in shares of Bed Bath & Beyond during the 3rd quarter worth approximately $217,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Bed Bath & Beyond during the 3rd quarter worth approximately $222,000. Finally, Point View Wealth Management Inc. increased its holdings in shares of Bed Bath & Beyond by 55.9% during the 2nd quarter. Point View Wealth Management Inc. now owns 8,020 shares of the retailer’s stock worth $244,000 after buying an additional 2,876 shares during the last quarter. Institutional investors and hedge funds own 91.72% of the company’s stock.

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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).

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

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