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Bed Bath & Beyond Inc. (NASDAQ:BBBY – Get Rating) has received a consensus recommendation of “Reduce” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.17.
A number of equities research analysts recently weighed in on BBBY shares. B. Riley lowered their price objective on shares of Bed Bath & Beyond from $26.00 to $17.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. UBS Group lowered their price objective on shares of Bed Bath & Beyond from $12.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday. StockNews.com started coverage on shares of Bed Bath & Beyond in a research report on Thursday, March 31st. They set a “sell” rating for the company. KeyCorp lowered their price objective on shares of Bed Bath & Beyond from $10.00 to $6.00 and set an “underweight” rating for the company in a research report on Monday, June 13th. Finally, Wedbush lowered their price objective on shares of Bed Bath & Beyond from $14.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday.
Large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Bed Bath & Beyond in the 1st quarter worth approximately $64,000. BDO Wealth Advisors LLC lifted its stake in shares of Bed Bath & Beyond by 1,836.7% in the 1st quarter. BDO Wealth Advisors LLC now owns 2,905 shares of the retailer’s stock worth $65,000 after acquiring an additional 2,755 shares during the period. Dark Forest Capital Management LP acquired a new stake in Bed Bath & Beyond during the third quarter valued at approximately $51,000. First Mercantile Trust Co. acquired a new stake in Bed Bath & Beyond during the third quarter valued at approximately $62,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Bed Bath & Beyond during the first quarter valued at approximately $92,000.
BBBY opened at $7.00 on Friday. The company has a 50-day moving average of $10.27 and a 200-day moving average of $14.96. The company has a market capitalization of $559.20 million, a P/E ratio of -1.21 and a beta of 1.81. Bed Bath & Beyond has a 1-year low of $5.95 and a 1-year high of $39.30. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.31 and a current ratio of 1.14.
Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last released its earnings results on Wednesday, April 13th. The retailer reported ($0.92) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.94). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. Bed Bath & Beyond had a negative return on equity of 14.09% and a negative net margin of 7.11%. Bed Bath & Beyond’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts expect that Bed Bath & Beyond will post -2.47 earnings per share for the current fiscal year.
About Bed Bath & Beyond (Get Rating)
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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