Thomson Reuters/Verus upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Analyst Ratings.Net reports.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 78.00 on Monday. Bed Bath & Beyond has a 52 week low of $54.33 and a 52 week high of $78.94. The stock has a 50-day moving average of $77.08 and a 200-day moving average of $74.37. The company has a market cap of $16.438 billion and a P/E ratio of 16.25.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 25th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Bed Bath & Beyond will post $5.01 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BBBY. Analysts at Canaccord Genuity downgraded shares of Bed Bath & Beyond from a buy rating to a hold rating in a research note to investors on Wednesday, October 30th. They now have a $84.00 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Bed Bath & Beyond in a research note to investors on Thursday, October 3rd. They now have a $82.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Bed Bath & Beyond from $85.00 to $88.00 in a research note to investors on Friday, September 27th. They now have an outperform rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Bed Bath & Beyond currently has an average rating of Buy and a consensus target price of $79.87.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
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