Bed Bath & Beyond Inc. (BBBY) Receives $15.86 Consensus Price Target from Brokerages

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Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.64.

Several research analysts recently weighed in on BBBY shares. Zacks Investment Research raised shares of Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, November 27th. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Wedbush set a $18.00 target price on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, September 13th. Credit Suisse Group cut their target price on shares of Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Finally, Deutsche Bank set a $14.00 target price on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, September 27th.

Several hedge funds and other institutional investors have recently bought and sold shares of BBBY. BlackRock Inc. increased its stake in shares of Bed Bath & Beyond by 28.0% during the 2nd quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock valued at $317,003,000 after acquiring an additional 3,478,265 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bed Bath & Beyond by 30.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,663,353 shares of the retailer’s stock valued at $192,540,000 after acquiring an additional 2,231,839 shares during the last quarter. South Texas Money Management Ltd. acquired a new position in shares of Bed Bath & Beyond during the 3rd quarter valued at about $18,640,000. Renaissance Technologies LLC increased its stake in shares of Bed Bath & Beyond by 1,688.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,280,060 shares of the retailer’s stock valued at $19,201,000 after acquiring an additional 1,208,502 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Bed Bath & Beyond by 241.2% during the 3rd quarter. Deutsche Bank AG now owns 1,504,913 shares of the retailer’s stock valued at $22,570,000 after acquiring an additional 1,063,793 shares during the last quarter. 97.51% of the stock is owned by institutional investors.

Shares of Bed Bath & Beyond stock traded up $0.07 on Monday, hitting $12.45. The company’s stock had a trading volume of 4,400,691 shares, compared to its average volume of 4,192,705. Bed Bath & Beyond has a 52-week low of $11.97 and a 52-week high of $24.74. The company has a quick ratio of 0.60, a current ratio of 1.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.71 billion, a PE ratio of 3.99, a P/E/G ratio of 6.16 and a beta of 0.92.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.13). Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Bed Bath & Beyond’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that Bed Bath & Beyond will post 2.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, December 13th. Bed Bath & Beyond’s dividend payout ratio is currently 20.51%.

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.

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

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