Bed Bath & Beyond (NASDAQ:BBBY) Rating Lowered to Hold at ValuEngine

Bed Bath & Beyond (NASDAQ:BBBY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday, ValuEngine reports.

Several other analysts have also recently weighed in on BBBY. Telsey Advisory Group lifted their price objective on shares of Bed Bath & Beyond from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Bank of America reiterated a “buy” rating and issued a $20.00 price objective on shares of Bed Bath & Beyond in a research note on Wednesday. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, December 18th. BidaskClub upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Odeon Capital Group started coverage on shares of Bed Bath & Beyond in a research note on Thursday, January 23rd. They issued a “buy” rating and a $24.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.47.

NASDAQ BBBY opened at $11.18 on Friday. The firm has a 50-day moving average of $15.44 and a 200-day moving average of $12.78. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.47 and a current ratio of 1.41. The stock has a market cap of $1.50 billion, a PE ratio of -1.79, a P/E/G ratio of 1.51 and a beta of 1.41. Bed Bath & Beyond has a 52-week low of $7.31 and a 52-week high of $19.57.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Wednesday, January 8th. The retailer reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.41). Bed Bath & Beyond had a positive return on equity of 8.09% and a negative net margin of 7.06%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. As a group, analysts predict that Bed Bath & Beyond will post 1.17 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its holdings in Bed Bath & Beyond by 25.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,089,772 shares of the retailer’s stock valued at $43,515,000 after buying an additional 838,679 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Bed Bath & Beyond by 613.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,640,709 shares of the retailer’s stock valued at $45,684,000 after purchasing an additional 2,270,568 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Bed Bath & Beyond by 15.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,335,915 shares of the retailer’s stock valued at $24,854,000 after purchasing an additional 320,917 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bed Bath & Beyond by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,757,781 shares of the retailer’s stock valued at $30,410,000 after purchasing an additional 18,432 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in shares of Bed Bath & Beyond during the 4th quarter valued at approximately $18,261,000.

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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