Bed Bath & Beyond (NASDAQ:BBBY) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of approx $2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.59. Bed Bath & Beyond also updated its FY 2018 guidance to $2.00-2.00 EPS.
A number of brokerages have commented on BBBY. Zacks Investment Research upgraded 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. Deutsche Bank set a $14.00 target price on Bed Bath & Beyond and gave the company a hold rating in a research note on Thursday, September 27th. Wells Fargo & Co restated a sell rating and issued a $11.00 target price on shares of Bed Bath & Beyond in a research note on Monday. Telsey Advisory Group restated a market perform rating and issued a $13.00 target price (down from $16.00) on shares of Bed Bath & Beyond in a research note on Friday, January 4th. Finally, BidaskClub upgraded Bed Bath & Beyond from a hold rating to a buy rating in a research note on Thursday, December 20th. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Bed Bath & Beyond has a consensus rating of Hold and an average price target of $14.31.
Shares of BBBY traded up $0.48 during mid-day trading on Wednesday, reaching $12.26. 18,409,155 shares of the company’s stock traded hands, compared to its average volume of 9,186,664. The stock has a market cap of $1.65 billion, a PE ratio of 3.93, a price-to-earnings-growth ratio of 5.95 and a beta of 0.90. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond has a 12 month low of $10.46 and a 12 month high of $24.08.
About Bed Bath & Beyond
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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