Telsey Advisory Group Raises Bed Bath & Beyond (BBBY) Price Target to $20.00

Bed Bath & Beyond (NASDAQ:BBBY) had its price target raised by Telsey Advisory Group from $18.00 to $20.00 in a report released on Thursday, Briefing.com Automated Import reports. The brokerage presently has a “market perform” rating on the retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 3.04% from the company’s previous close.

Several other research firms also recently weighed in on BBBY. BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday. ValuEngine cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Wolfe Research reiterated an “underperform” rating and issued a $12.00 price target (up from $9.00) on shares of Bed Bath & Beyond in a research report on Friday, January 11th. Finally, Bank of America set a $11.00 price target on shares of Bed Bath & Beyond and gave the stock a “sell” rating in a research report on Thursday, January 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average price target of $17.00.

BBBY stock opened at $19.41 on Thursday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 6.22, a P/E/G ratio of 6.84 and a beta of 1.16. Bed Bath & Beyond has a fifty-two week low of $10.46 and a fifty-two week high of $21.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 0.55.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, April 10th. The retailer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.09. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. During the same period in the prior year, the company earned $1.48 earnings per share. On average, analysts anticipate that Bed Bath & Beyond will post 2.01 EPS for the current fiscal year.

In other Bed Bath & Beyond news, Director Jordan Heller sold 19,554 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $15.26, for a total transaction of $298,394.04. Following the sale, the director now owns 5,647 shares in the company, valued at approximately $86,173.22. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its stake in Bed Bath & Beyond by 29.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,276 shares of the retailer’s stock valued at $37,000 after acquiring an additional 737 shares in the last quarter. Caption Management LLC grew its stake in Bed Bath & Beyond by 3.6% during the 4th quarter. Caption Management LLC now owns 29,000 shares of the retailer’s stock valued at $329,000 after acquiring an additional 1,000 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in Bed Bath & Beyond by 6.2% during the 4th quarter. Greenwich Wealth Management LLC now owns 18,800 shares of the retailer’s stock valued at $213,000 after acquiring an additional 1,100 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in Bed Bath & Beyond by 7.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 24,048 shares of the retailer’s stock valued at $272,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Bed Bath & Beyond by 5.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 35,592 shares of the retailer’s stock valued at $403,000 after acquiring an additional 1,814 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

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.

Recommended Story: Why are trading ranges significant?

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

Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit