Bed Bath & Beyond, Inc. (NYSE:BBBY) Given Consensus Rating of “Hold” by Brokerages

Bed Bath & Beyond, Inc. (NYSE:BBBY) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.00.

A number of equities analysts recently weighed in on the stock. Piper Sandler set a $8.00 price objective on shares of Bed Bath & Beyond and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Bed Bath & Beyond in a research report on Wednesday, January 21st. Finally, Wedbush lowered their target price on shares of Bed Bath & Beyond from $13.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th.

Bed Bath & Beyond Trading Up 2.2%

Bed Bath & Beyond stock opened at $4.97 on Wednesday. The stock has a 50 day moving average of $5.77 and a two-hundred day moving average of $7.04. Bed Bath & Beyond has a twelve month low of $3.54 and a twelve month high of $12.65. The stock has a market capitalization of $342.63 million, a price-to-earnings ratio of -3.42 and a beta of 3.02.

Bed Bath & Beyond (NYSE:BBBY) last released its earnings results on Monday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. Bed Bath & Beyond had a negative return on equity of 33.44% and a negative net margin of 8.10%.The business had revenue of $273.43 million for the quarter. Equities analysts predict that Bed Bath & Beyond will post -3.75 earnings per share for the current year.

Insider Transactions at Bed Bath & Beyond

In other news, Director Joseph J. Tabacco, Jr. acquired 20,000 shares of Bed Bath & Beyond stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $5.11 per share, for a total transaction of $102,200.00. Following the completion of the transaction, the director directly owned 167,209 shares in the company, valued at approximately $854,437.99. This trade represents a 13.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bed Bath & Beyond

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Bed Bath & Beyond by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 131,501 shares of the company’s stock worth $763,000 after purchasing an additional 90,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bed Bath & Beyond by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,512 shares of the company’s stock worth $386,000 after purchasing an additional 15,707 shares during the period. Strs Ohio purchased a new position in shares of Bed Bath & Beyond in the 1st quarter valued at about $151,000. Geode Capital Management LLC lifted its stake in shares of Bed Bath & Beyond by 20.5% in the second quarter. Geode Capital Management LLC now owns 1,241,524 shares of the company’s stock valued at $8,543,000 after purchasing an additional 211,446 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Bed Bath & Beyond by 23.7% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 41,496 shares of the company’s stock valued at $271,000 after purchasing an additional 7,963 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.