Bed Bath & Beyond (NASDAQ:BBBY) Stock Rating Lowered by ValuEngine

Bed Bath & Beyond (NASDAQ:BBBY) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday, December 31st.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, September 5th. TheStreet downgraded Bed Bath & Beyond from a “c” rating to a “d+” rating in a report on Wednesday, December 20th. Barclays reaffirmed an “equal weight” rating and set a $30.00 price objective (down from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. UBS Group reiterated a “hold” rating and issued a $24.00 target price (down previously from $30.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Finally, Loop Capital reiterated a “hold” rating and issued a $23.00 target price (down previously from $35.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average target price of $26.24.

Shares of Bed Bath & Beyond (NASDAQ BBBY) opened at $21.31 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 1.67. The firm has a market capitalization of $3,050.00, a P/E ratio of 6.12, a price-to-earnings-growth ratio of -3.55 and a beta of 1.09. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $41.98.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. equities research analysts predict that Bed Bath & Beyond will post 3 EPS for the current fiscal year.

In related news, VP Matthew Fiorilli sold 16,957 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the transaction, the vice president now owns 97,419 shares in the company, valued at approximately $2,203,617.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Quinn Opportunity Partners LLC raised its position in shares of Bed Bath & Beyond by 15.3% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after acquiring an additional 10,000 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Bed Bath & Beyond by 59.4% during the 3rd quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock valued at $392,000 after acquiring an additional 6,217 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Bed Bath & Beyond by 9.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock valued at $5,233,000 after acquiring an additional 14,236 shares during the last quarter. Swiss National Bank raised its position in shares of Bed Bath & Beyond by 1.7% during the 2nd quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock valued at $16,635,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Bed Bath & Beyond by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 462,093 shares of the retailer’s stock valued at $14,048,000 after acquiring an additional 10,105 shares during the last quarter. Institutional investors own 94.20% 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).

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

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