Loop Capital Analysts Give Bed Bath & Beyond (BBBY) a $23.00 Price Target

Loop Capital set a $23.00 price objective on Bed Bath & Beyond (NASDAQ:BBBY) in a report issued on Thursday. The brokerage currently has a hold rating on the retailer’s stock.

A number of other research firms also recently issued reports on BBBY. ValuEngine raised shares of Bed Bath & Beyond from a hold rating to a buy rating in a report on Monday, April 2nd. Credit Suisse Group set a $25.00 price objective on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Wednesday, March 14th. Wedbush set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Wednesday, December 27th. BidaskClub raised shares of Bed Bath & Beyond from a sell rating to a hold rating in a report on Thursday, December 21st. Finally, Morgan Stanley set a $22.00 price objective on shares of Bed Bath & Beyond and gave the stock a sell rating in a report on Thursday, December 21st. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $24.78.

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NASDAQ BBBY opened at $21.00 on Thursday. Bed Bath & Beyond has a 12-month low of $19.07 and a 12-month high of $40.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. The firm has a market capitalization of $2,990.67, a P/E ratio of 5.82, a price-to-earnings-growth ratio of -3.80 and a beta of 1.00.

Large investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in shares of Bed Bath & Beyond in the 4th quarter worth about $121,000. Captrust Financial Advisors purchased a new position in shares of Bed Bath & Beyond in the 4th quarter worth about $151,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Bed Bath & Beyond in the 4th quarter worth about $149,000. State of Alaska Department of Revenue purchased a new position in shares of Bed Bath & Beyond in the 4th quarter worth about $180,000. Finally, Psagot Investment House Ltd. purchased a new position in shares of Bed Bath & Beyond in the 3rd quarter worth about $217,000. 91.31% of the stock is currently owned by institutional investors.

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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 juvenile products.

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

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