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

Key Points

• Five analysts give Bed Bath & Beyond a consensus rating of Hold (1 sell, 3 hold, 1 buy) with an average 1‑year price target of $8; recent notes include Wedbush’s upgraded $8 outperform view and Weiss Ratings’ downgrade to sell (e+).
• The company reported Q1 EPS of ($0.25), beating estimates of ($0.31) on $248 million in revenue but remains unprofitable with a negative net margin and ROE; shares traded near $5.26 (market cap ≈ $389M) and have a 52‑week range of $3.74–$12.65.
• Insider activity shows Director Joseph J. Tabacco Jr. bought 20,000 shares at $5.11, boosting his stake to 167,209 shares, while institutional investors now own about 76.3% of the stock after several new large stakes (Nuveen, Geode, State Street, etc.).

Bed Bath & Beyond, Inc. (NYSE:BBBY - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of research firms recently issued reports on BBBY. Wedbush reiterated an "outperform" rating and set a $8.00 target price (up from $7.00) on shares of Bed Bath & Beyond in a research report on Tuesday, April 28th. Piper Sandler set a $8.00 target price on shares of Bed Bath & Beyond and gave the company a "neutral" rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings downgraded shares of Bed Bath & Beyond from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday.

Bed Bath & Beyond Stock Performance

Shares of NYSE BBBY opened at $5.26 on Thursday. The company has a market capitalization of $389.07 million, a P/E ratio of -5.54 and a beta of 2.81. Bed Bath & Beyond has a 52-week low of $3.74 and a 52-week high of $12.65. The company's 50 day moving average price is $5.01 and its 200-day moving average price is $5.89.

Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.06. The firm had revenue of $248.00 million for the quarter. Bed Bath & Beyond had a negative net margin of 5.76% and a negative return on equity of 27.60%. Analysts forecast that Bed Bath & Beyond will post -0.71 earnings per share for the current year.

Insider Activity

In related news, Director Joseph J. Tabacco, Jr. bought 20,000 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $5.11 per share, for a total transaction of $102,200.00. Following the transaction, the director directly owned 167,209 shares of the company's stock, valued at approximately $854,437.99. The trade was a 13.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $12,594,000. Geode Capital Management LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $8,890,000. State Street Corp bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $7,175,000. Federated Hermes Inc. bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $4,730,000. Finally, Able Wealth Management LLC bought a new stake in Bed Bath & Beyond during the 4th quarter valued at $4,612,000. Institutional investors and hedge funds own 76.30% of the company's stock.

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.

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