Bed Bath & Beyond (NASDAQ:BBBY) Given a $12.00 Price Target by Morgan Stanley Analysts

Bed Bath & Beyond (NASDAQ:BBBY) has been given a $12.00 price objective by Morgan Stanley in a research report issued on Tuesday, TipRanks reports. The firm presently has a “hold” rating on the retailer’s stock. Morgan Stanley’s price target would indicate a potential downside of 7.55% from the stock’s current price.

A number of other analysts have also recently commented on BBBY. Citigroup lowered their price target on Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Raymond James set a $17.00 price target on Bed Bath & Beyond and gave the stock a “buy” rating in a research report on Monday, September 30th. Bank of America set a $20.00 price target on Bed Bath & Beyond and gave the stock a “buy” rating in a research report on Monday, September 30th. Telsey Advisory Group raised Bed Bath & Beyond from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $14.00 to $16.00 in a research report on Thursday. Finally, Goldman Sachs Group initiated coverage on Bed Bath & Beyond in a research report on Thursday, July 11th. They set a “sell” rating and a $11.00 price target for the company. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $14.44.

Shares of Bed Bath & Beyond stock traded up $0.89 during trading on Tuesday, reaching $12.98. The company’s stock had a trading volume of 24,010,381 shares, compared to its average volume of 7,327,941. The company has a quick ratio of 0.52, a current ratio of 1.46 and a debt-to-equity ratio of 1.73. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 5.27 and a beta of 1.25. Bed Bath & Beyond has a 1-year low of $7.31 and a 1-year high of $19.57. The company has a 50-day simple moving average of $9.78 and a two-hundred day simple moving average of $12.29.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, October 2nd. The retailer reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, analysts anticipate that Bed Bath & Beyond will post 1.92 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Bed Bath & Beyond by 3.5% during the 1st quarter. BlackRock Inc. now owns 17,001,610 shares of the retailer’s stock valued at $288,858,000 after buying an additional 574,944 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Bed Bath & Beyond by 20.2% in the 2nd quarter. Vanguard Group Inc. now owns 15,982,481 shares of the retailer’s stock valued at $185,717,000 after purchasing an additional 2,684,312 shares in the last quarter. Invesco Ltd. increased its stake in shares of Bed Bath & Beyond by 505.0% in the 2nd quarter. Invesco Ltd. now owns 3,712,146 shares of the retailer’s stock valued at $43,135,000 after purchasing an additional 3,098,546 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Bed Bath & Beyond by 86.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,251,093 shares of the retailer’s stock valued at $37,778,000 after purchasing an additional 1,509,692 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Bed Bath & Beyond by 250.5% in the 2nd quarter. Man Group plc now owns 2,910,357 shares of the retailer’s stock valued at $33,819,000 after purchasing an additional 2,079,908 shares in the last quarter.

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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