Credit Suisse Group Analysts Give Bed Bath & Beyond (BBBY) a $25.00 Price Target

Credit Suisse Group set a $25.00 target price on Bed Bath & Beyond (NASDAQ:BBBY) in a report issued on Thursday. The brokerage currently has a hold rating on the retailer’s stock.

Other equities analysts have also issued research reports about the stock. Loop Capital reaffirmed a hold rating and set a $23.00 price target (down previously from $35.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. KeyCorp reaffirmed an underweight rating and set a $21.00 price target (down previously from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Barclays reaffirmed an equal weight rating and set a $30.00 price target (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. ValuEngine lowered shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Wednesday, August 30th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $26.24.

Shares of Bed Bath & Beyond (BBBY) traded up $0.93 during mid-day trading on Thursday, reaching $22.43. 11,075,706 shares of the company traded hands, compared to its average volume of 5,730,000. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $42.35. The company has a quick ratio of 0.33, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3,350.00, a price-to-earnings ratio of 6.45 and a beta of 1.10.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 2.07% and a return on equity of 8.99%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Bed Bath & Beyond’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts anticipate that Bed Bath & Beyond will post 3 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in BBBY. Ffcm LLC boosted its stake in shares of Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after purchasing an additional 4,290 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Bed Bath & Beyond by 928.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock valued at $117,000 after purchasing an additional 3,463 shares during the period. Psagot Investment House Ltd. purchased a new position in shares of Bed Bath & Beyond in the third quarter valued at $217,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Bed Bath & Beyond in the third quarter valued at $222,000. Finally, Point View Wealth Management Inc. boosted its stake in 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 valued at $244,000 after acquiring 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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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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