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

Key Points

• Bed Bath & Beyond has received a consensus rating of "Hold" from analysts, with two sell ratings, four hold ratings, and two buy ratings.
• The company's stock is currently valued at $8.98, reflecting a 4.3% decline, with a market cap of approximately $515.54 million.
• In its latest earnings report, Bed Bath & Beyond posted ($0.22) earnings per share, exceeding estimates, but revenue fell 29.1% year-over-year.

Bed Bath & Beyond, Inc. (NYSE:BBBY - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.8571.

A number of equities analysts have recently weighed in on BBBY shares. Wall Street Zen raised Bed Bath & Beyond from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Bed Bath & Beyond in a research report on Tuesday, July 29th. Finally, Wedbush boosted their target price on Bed Bath & Beyond from $10.00 to $13.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd.

Institutional Investors Weigh In On Bed Bath & Beyond

Hedge funds have recently made changes to their positions in the company. PFG Investments LLC purchased a new stake in shares of Bed Bath & Beyond in the first quarter worth about $464,000. Able Wealth Management LLC purchased a new stake in shares of Bed Bath & Beyond in the first quarter worth about $3,913,000. Jump Financial LLC purchased a new stake in Bed Bath & Beyond during the first quarter valued at approximately $2,118,000. Two Sigma Investments LP raised its position in Bed Bath & Beyond by 75.1% during the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock valued at $4,517,000 after purchasing an additional 392,977 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in Bed Bath & Beyond during the first quarter valued at approximately $318,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Bed Bath & Beyond Stock Down 4.3%

NYSE BBBY opened at $8.98 on Wednesday. The firm has a market cap of $515.54 million, a price-to-earnings ratio of -2.21 and a beta of 2.77. The business has a 50-day moving average price of $9.37 and a 200-day moving average price of $6.88. Bed Bath & Beyond has a twelve month low of $3.54 and a twelve month high of $11.67.

Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.37) by $0.15. The firm had revenue of $282.25 million during the quarter, compared to analyst estimates of $250.37 million. Bed Bath & Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%.The business's quarterly revenue was down 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.76) earnings per share. Research analysts expect that Bed Bath & Beyond will post -3.75 EPS for the current fiscal year.

Bed Bath & Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.

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