Bed Bath & Beyond (NASDAQ: BBBY) Price target reduced to $ 11.00

0

Bath in Bed and Beyond (NASDAQ: BBBY) saw its target price lowered by KeyCorp analysts from $ 13.00 to $ 11.00 in a research report released Wednesday to clients and investors, Target equity advisor reports. The brokerage currently has an “underweight” rating on the retailer’s shares. KeyCorp’s price target would indicate a potential drop of 26.62% from the company’s current price.

A number of other equity research analysts have also recently published reports on BBBY. The UBS group lowered its price target on Bed Bath & Beyond from $ 20.00 to $ 13.00 and set a “sell” rating on the stock in a research note on Tuesday. Loop Capital upgraded Bed Bath & Beyond from a “keep” rating to a “sell” rating and set a price target of $ 19.00 for the share. in a research note on Wednesday, November 3. Credit Suisse Group lowered its price target on Bed Bath & Beyond from $ 30.00 to $ 23.00 and set the stock “neutral” rating in a Friday October 1 research note. Robert W. Baird lowered his price target on Bed Bath & Beyond from $ 33.00 to $ 19.00 and set the stock “neutral” rating in a research note on Friday, October 1. Finally, Wedbush lowered its price target on Bed Bath & Beyond from $ 18.00 to $ 14.00 in a research note on Monday. Six analysts rated the stock with a sell rating, seven issued a conservation rating, and two assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $ 19.08.

Actions of Bath & Beyond bed stock open for $ 14.99 Wednesday. Bed Bath & Beyond has a 12 month low of $ 13.38 and a 12 month high of $ 53.90. The stock has a market cap of $ 1.51 billion, a P / E ratio of -8.66, a P / E / G ratio of 0.33, and a beta of 1.68. The company has a quick ratio of 0.70, a current ratio of 1.43, and a debt ratio of 1.26. The company’s 50-day moving average is $ 18.44 and its 200-day moving average is $ 22.63.

(A d)

Fortune 500 companies, semiconductor producers, and even some of the biggest sportswear manufacturers are all betting big on investing in a market that Bloomberg Intelligence estimates could be worth $ 800 billion by 2024.

Get the free report with the 4 most promising stocks to capitalize on the revolutionary metaverse.

In other Bed Bath & Beyond news, Director John E. Fleming acquired 10,000 shares of Bed Bath & Beyond in a transaction that took place on Thursday, November 4. The shares were acquired at an average cost of $ 19.28 per share, for a total value of $ 192,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, financial director Gustavo Arnal acquired 2,500 shares of Bed Bath & Beyond in a transaction that took place on Monday, November 8. The stock was acquired at an average cost of $ 21.40 per share, for a total transaction of $ 53,500.00. Disclosure of this purchase can be found here. In the past three months, insiders have purchased 17,500 shares of the company valued at $ 344,900. 1.00% of the shares are currently owned by insiders.

Several hedge funds have recently changed their positions in the company. Meeder Asset Management Inc. increased its stake in shares of Bed Bath & Beyond by 41.1% during the third quarter. Meeder Asset Management Inc. now owns 1,662 shares of the retailer valued at $ 28,000 after purchasing an additional 484 shares last quarter. Commonwealth Equity Services LLC increased its stake in Bed Bath & Beyond shares by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 11,467 shares of the retailer valued at $ 381,000 after purchasing an additional 501 shares in the last quarter. Shell Asset Management Co. increased its stake in Bed Bath & Beyond shares by 5.7% in the second quarter. Shell Asset Management Co. now owns 9,887 shares of the retailer valued at $ 329,000 after purchasing 530 additional shares in the last quarter. Captrust Financial Advisors increased its stake in Bed Bath & Beyond shares by 7.5% during the third quarter. Captrust Financial Advisors now owns 7,965 shares of the retailer valued at $ 138,000 after purchasing an additional 554 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Bed Bath & Beyond shares by 14.2% in the second quarter. Macquarie Group Ltd. now owns 4,567 shares of the retailer valued at $ 152,000 after purchasing an additional 568 shares last quarter. 92.70% of the shares are currently held by hedge funds and other institutional investors.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond, Inc. is engaged in the operation of retail stores and sells household goods and home furnishings at retail. Its products include household goods and home furnishings such as bed linen and related items, bath items, kitchen textiles, kitchen and table items, fine tableware, household items. basic, general home furnishings and consumables.

Featured Article: What is a CD Scale?

Equity Advisor Logo

Analyst Recommendations for Bed Bath & Beyond (NASDAQ: BBBY)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Bed Bath & Beyond now?

Before you consider Bed Bath & Beyond, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Bed Bath & Beyond was not on the list.

While Bed Bath & Beyond currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link

Share.

Comments are closed.