Bed Bath & Beyond (NASDAQ:BBBY) had its price target lifted by Raymond James from $22.00 to $26.00 in a report released on Wednesday morning, AR Network reports. Raymond James currently has a strong-buy rating on the retailer’s stock.

A number of other analysts have also recently issued reports on BBBY. Wells Fargo & Company restated a sell rating and set a $17.00 target price on shares of Bed Bath & Beyond in a research note on Thursday, October 1st. ValuEngine cut shares of Bed Bath & Beyond from a buy rating to a hold rating in a research note on Tuesday, October 6th. UBS Group raised their target price on shares of Bed Bath & Beyond from $5.00 to $10.00 and gave the stock a neutral rating in a research note on Thursday, July 9th. Telsey Advisory Group lifted their price objective on shares of Bed Bath & Beyond from $13.00 to $23.00 and gave the stock a market perform rating in a research note on Friday, October 2nd. Finally, Zacks Investment Research cut shares of Bed Bath & Beyond from a hold rating to a sell rating and set a $11.00 price objective for the company. in a research note on Tuesday, July 28th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $16.13.

Shares of BBBY opened at $24.84 on Wednesday. The firm has a 50-day moving average of $15.32 and a 200-day moving average of $10.04. Bed Bath & Beyond has a one year low of $3.43 and a one year high of $25.75. The company has a market cap of $3.13 billion, a PE ratio of -16.23 and a beta of 2.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 0.68.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, October 6th. The retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.67. Bed Bath & Beyond had a negative net margin of 1.91% and a negative return on equity of 10.67%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that Bed Bath & Beyond will post -0.66 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell Capital Management Inc. acquired a new position in Bed Bath & Beyond during the third quarter worth $464,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Bed Bath & Beyond by 4.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,774 shares of the retailer’s stock worth $5,753,000 after acquiring an additional 20,862 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Bed Bath & Beyond by 159.5% in the 2nd quarter. Principal Financial Group Inc. now owns 975,534 shares of the retailer’s stock worth $10,340,000 after acquiring an additional 599,618 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Bed Bath & Beyond by 10.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 27,420 shares of the retailer’s stock worth $291,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Ninety One UK Ltd bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter worth $1,906,000.

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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