Bed Bath & Beyond Inc. (NASDAQ:BBBY) received a $23.00 target price from equities research analysts at Robert W. Baird in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the retailer’s stock. Robert W. Baird’s price objective would indicate a potential upside of 15.58% from the company’s previous close.

Several other research firms also recently commented on BBBY. Loop Capital reiterated a “sell” rating and set a $35.00 target price on shares of Bed Bath & Beyond in a research report on Tuesday, July 4th. Telsey Advisory Group cut their target price on shares of Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 4th. Wedbush cut their target price on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Bed Bath & Beyond in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.12.

Bed Bath & Beyond (NASDAQ:BBBY) opened at 19.90 on Tuesday. The company has a 50-day moving average of $23.06 and a 200 day moving average of $29.98. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 5.08 and a beta of 1.11. Bed Bath & Beyond has a one year low of $19.52 and a one year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that Bed Bath & Beyond will post $3.01 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Bed Bath & Beyond by 9.9% during the 2nd quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after acquiring an additional 1,330,077 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Bed Bath & Beyond by 3.9% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,455,769 shares of the retailer’s stock valued at $257,055,000 after acquiring an additional 319,380 shares during the period. APG Asset Management N.V. lifted its position in shares of Bed Bath & Beyond by 21.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,822,660 shares of the retailer’s stock valued at $85,809,000 after acquiring an additional 502,300 shares during the period. Renaissance Technologies LLC bought a new stake in Bed Bath & Beyond during the 2nd quarter valued at $68,548,000. Finally, Dimensional Fund Advisors LP increased its stake in Bed Bath & Beyond by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,088,055 shares of the retailer’s stock valued at $63,479,000 after purchasing an additional 351,830 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

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

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