Bed Bath & Beyond Inc. (NASDAQ:BBBY) has received a consensus recommendation of “Hold” from the twenty-five research firms that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.56.

Several equities research analysts recently issued reports on BBBY shares. Zacks Investment Research raised shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research note on Tuesday, August 22nd. KeyCorp reaffirmed an “underweight” rating and set a $21.00 price target (down previously from $27.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Moffett Nathanson started coverage on shares of Bed Bath & Beyond in a research note on Monday, December 4th. They set a “neutral” rating on the stock. UBS reaffirmed a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 price target (down previously from $28.00) on shares of Bed Bath & Beyond in a research note on Monday, September 18th.

Bed Bath & Beyond (BBBY) opened at $22.62 on Monday. Bed Bath & Beyond has a one year low of $19.07 and a one year high of $47.94. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The company has a market cap of $3,240.00, a price-to-earnings ratio of 5.63 and a beta of 1.10.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the business posted $1.11 EPS. The business’s revenue was down 1.7% on a year-over-year basis. sell-side analysts forecast that Bed Bath & Beyond will post 2.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio is currently 15.42%.

A number of hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in Bed Bath & Beyond by 16.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 782,937 shares of the retailer’s stock worth $18,376,000 after acquiring an additional 108,313 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Bed Bath & Beyond during the 3rd quarter worth $317,000. Ameritas Investment Partners Inc. grew its holdings in Bed Bath & Beyond by 1,073.4% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 43,300 shares of the retailer’s stock worth $1,194,000 after acquiring an additional 39,610 shares in the last quarter. California Public Employees Retirement System grew its holdings in Bed Bath & Beyond by 7.0% during the 3rd quarter. California Public Employees Retirement System now owns 647,245 shares of the retailer’s stock worth $15,191,000 after acquiring an additional 42,247 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Bed Bath & Beyond by 27.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after acquiring an additional 3,552 shares in the last quarter. 91.88% of the stock is owned by institutional investors.

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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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