Bed Bath & Beyond (NASDAQ:BBBY) had its price objective raised by Loop Capital from $5.00 to $9.00 in a research note released on Friday, The Fly reports. Loop Capital currently has a hold rating on the retailer’s stock.

Several other brokerages have also issued reports on BBBY. Wedbush boosted their target price on Bed Bath & Beyond from $8.00 to $12.00 and gave the company an outperform rating in a research note on Tuesday, June 16th. Credit Suisse Group lowered their price objective on Bed Bath & Beyond from $9.00 to $7.00 and set a neutral rating on the stock in a research note on Thursday, April 16th. Raymond James cut their target price on shares of Bed Bath & Beyond from $13.00 to $12.00 and set a strong-buy rating for the company in a research report on Thursday, July 9th. BidaskClub upgraded shares of Bed Bath & Beyond from a hold rating to a buy rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley upped their price target on shares of Bed Bath & Beyond from $3.00 to $6.00 and gave the company an underweight rating in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $10.70.

NASDAQ BBBY opened at $7.73 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.55 and a quick ratio of 0.64. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -1.76 and a beta of 2.47. Bed Bath & Beyond has a one year low of $3.43 and a one year high of $17.79. The business’s fifty day moving average is $9.06 and its 200-day moving average is $9.66.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, July 8th. The retailer reported ($1.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.42) by ($0.54). Bed Bath & Beyond had a negative return on equity of 11.52% and a negative net margin of 5.51%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s revenue for the quarter was down 49.2% on a year-over-year basis. Research analysts expect that Bed Bath & Beyond will post -2.58 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of BBBY. Advisory Alpha LLC purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth about $27,000. NuWave Investment Management LLC raised its stake in Bed Bath & Beyond by 2,007.9% in the first quarter. NuWave Investment Management LLC now owns 9,928 shares of the retailer’s stock valued at $42,000 after purchasing an additional 9,457 shares in the last quarter. Point View Wealth Management Inc. lifted its position in Bed Bath & Beyond by 21.1% during the first quarter. Point View Wealth Management Inc. now owns 12,219 shares of the retailer’s stock valued at $51,000 after purchasing an additional 2,126 shares during the last quarter. Parametrica Management Ltd purchased a new position in Bed Bath & Beyond in the 1st quarter worth approximately $52,000. Finally, Wedbush Securities Inc. grew its stake in Bed Bath & Beyond by 29.4% in the 1st quarter. Wedbush Securities Inc. now owns 14,101 shares of the retailer’s stock worth $59,000 after buying an additional 3,206 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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