KeyCorp Reiterates Sell Rating for Bed Bath & Beyond (BBBY)

Bed Bath & Beyond (NASDAQ:BBBY)‘s stock had its “sell” rating reiterated by KeyCorp in a research report issued on Thursday. They currently have a $17.00 target price on the retailer’s stock. KeyCorp’s price target suggests a potential downside of 24.21% from the company’s current price. KeyCorp also issued estimates for Bed Bath & Beyond’s FY2019 earnings at $2.50 EPS.

A number of other analysts have also recently commented on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price target (down from $28.00) on shares of Bed Bath & Beyond in a research note on Monday, September 18th. Zacks Investment Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Moffett Nathanson initiated coverage on Bed Bath & Beyond in a research note on Monday, December 4th. They issued a “neutral” rating for the company. ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $25.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.24.

Bed Bath & Beyond (NASDAQ BBBY) opened at $22.43 on Thursday. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. Bed Bath & Beyond has a 52-week low of $19.07 and a 52-week high of $42.35. The stock has a market cap of $3,593.95, a PE ratio of 6.45 and a beta of 1.10.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of BBBY. Schwab Charles Investment Management Inc. increased its stake in Bed Bath & Beyond by 8.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 910,413 shares of the retailer’s stock worth $27,677,000 after purchasing an additional 73,791 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Bed Bath & Beyond by 13.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,895 shares of the retailer’s stock worth $362,000 after purchasing an additional 1,421 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Bed Bath & Beyond by 30.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 135,330 shares of the retailer’s stock worth $4,114,000 after purchasing an additional 31,580 shares in the last quarter. Legal & General Group Plc increased its stake in Bed Bath & Beyond by 10.7% during the 2nd quarter. Legal & General Group Plc now owns 969,011 shares of the retailer’s stock worth $29,457,000 after purchasing an additional 93,719 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Bed Bath & Beyond by 0.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 179,391 shares of the retailer’s stock worth $5,453,000 after purchasing an additional 1,260 shares in the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.

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About Bed Bath & Beyond

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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