Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been assigned a $45.00 target price by research analysts at Robert W. Baird in a research note issued to investors on Monday. The firm presently has a a “hold” rating on the retailer’s stock. Robert W. Baird’s price objective would indicate a potential upside of 4.53% from the company’s current price.

BBBY has been the subject of a number of other research reports. Zacks Investment Research downgraded Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Monday. Credit Suisse Group AG set a $41.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a report on Monday, September 12th. Vetr raised Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 25th. Wedbush reissued a “neutral” rating and issued a $42.00 target price on shares of Bed Bath & Beyond in a report on Tuesday, August 2nd. Finally, KeyCorp reissued an “underweight” rating on shares of Bed Bath & Beyond in a report on Saturday, June 25th. Eight research analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.20.

Bed Bath & Beyond (NASDAQ:BBBY) opened at 43.05 on Monday. Bed Bath & Beyond has a 12 month low of $41.15 and a 12 month high of $61.90. The firm has a market cap of $6.50 billion, a PE ratio of 8.59 and a beta of 0.72. The stock’s 50 day moving average is $44.93 and its 200 day moving average is $45.70.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, June 22nd. The retailer reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.06. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The company had revenue of $2.74 billion for the quarter. During the same period in the previous year, the company posted $0.93 earnings per share. Bed Bath & Beyond’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts forecast that Bed Bath & Beyond will post $4.83 earnings per share for the current year.

In other news, COO Eugene A. Castagna sold 17,866 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $45.86, for a total value of $819,334.76. Following the completion of the transaction, the chief operating officer now owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.70% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the company. Cognios Capital LLC boosted its stake in Bed Bath & Beyond by 0.3% in the second quarter. Cognios Capital LLC now owns 6,036 shares of the retailer’s stock worth $260,000 after buying an additional 18 shares in the last quarter. Creative Planning boosted its stake in Bed Bath & Beyond by 1.2% in the second quarter. Creative Planning now owns 2,585 shares of the retailer’s stock worth $112,000 after buying an additional 30 shares in the last quarter. Magnetar Financial LLC boosted its stake in Bed Bath & Beyond by 0.5% in the first quarter. Magnetar Financial LLC now owns 8,107 shares of the retailer’s stock worth $402,000 after buying an additional 38 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Bed Bath & Beyond by 1.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,372 shares of the retailer’s stock worth $167,000 after buying an additional 41 shares in the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in Bed Bath & Beyond by 0.6% in the second quarter. Commonwealth Equity Services Inc now owns 10,798 shares of the retailer’s stock worth $467,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 95.16% 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).

5 Day Chart for NASDAQ:BBBY

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