Bed Bath & Beyond, Inc. (NYSE:BBBY) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Bed Bath & Beyond a consensus "Hold" rating (1 sell, 4 hold, 1 buy) with an average 1‑year price target of $7.00.
• Director Joseph J. Tabacco Jr. bought 20,000 shares at an average $5.11 on March 10, raising his stake to 167,209 shares (a 13.59% increase); insiders own 1.80% of the stock.
• The company remains unprofitable but slightly beat the quarter—reported -$0.16 EPS vs. -$0.23 estimate—and trades around $4.69 with a market cap of about $324.9M and a 52‑week range of $3.60–$12.65.

Shares of Bed Bath & Beyond, Inc. (NYSE:BBBY - Get Free Report) have received a consensus rating of "Hold" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.00.

BBBY has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Bed Bath & Beyond in a report on Wednesday, January 21st. Wedbush decreased their price objective on Bed Bath & Beyond from $13.00 to $7.00 and set an "outperform" rating for the company in a report on Wednesday, February 18th. Finally, Piper Sandler set a $8.00 price objective on Bed Bath & Beyond and gave the stock a "neutral" rating in a report on Tuesday, February 24th.

Insiders Place Their Bets

In related news, Director Joseph J. Tabacco, Jr. bought 20,000 shares of Bed Bath & Beyond stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $5.11 per share, with a total value of $102,200.00. Following the acquisition, the director directly owned 167,209 shares of the company's stock, valued at $854,437.99. This represents a 13.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in Bed Bath & Beyond during the 2nd quarter valued at about $33,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth about $37,000. New York State Common Retirement Fund purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth about $47,000. Stockman Wealth Management Inc. purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth about $55,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

Bed Bath & Beyond Stock Performance

Shares of BBBY opened at $4.69 on Friday. The business has a 50-day moving average of $5.01 and a 200 day moving average of $6.43. Bed Bath & Beyond has a fifty-two week low of $3.60 and a fifty-two week high of $12.65. The firm has a market cap of $324.86 million, a P/E ratio of -3.23 and a beta of 3.01.

Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $273.43 million during the quarter. As a group, research analysts predict that Bed Bath & Beyond will post -3.75 earnings per share for the current fiscal year.

About Bed Bath & Beyond

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.