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People permanently need to do business with dependable and reliable folks, as good business is always built firmly on truth that is what ensures real growth.

25 Aug

Bed Bath & Beyond Ratings Update

Published by Mark J Guillen

Bed Bath & Beyond Ratings Update

Equity research analysts rating update on Bed Bath & Beyond Stock.

Bed Bath & Beyond stock was elevated by Zacks to a Hold from a Sell rating, in a report published on Friday. BBBY last issued its quarterly financial results on June 24. The company reported earnings of 93 cents per share for the quarter ending on March 31st.

During the similar quarter last year, the company made 93 cents in earnings per share. The revenue for the company came in at $2.74 billion. Bed Bath & Beyond revenue was increased by 3.1% compared to prior year quarter. On an average, analysts expect the company to report $5.22 in earnings per share for the complete fiscal year.

According to Zacks, “Bed Bath & Beyond posted weaker than expected top and bottom lines for the second consecutive quarter mainly due to the ongoing foreign currency headwinds coupled with weak margins.”

During trading session on Thursday August 20, Bed Bath & Beyond reached anRSI of 28 and entered a oversold territory. Some equities research analysts covered the stock of the retailer, lately. Cantor Fitzgerald reiterated a Buy rating and issued a stock price target of $80, in a research note on 25h June. The Street downgraded theBBBY shares to a Hold from a Buy rating, in a note on June 24.Wedbush analysts also set a target price of $70 on stock of Bed Bath & Beyond and assigned a Hold rating on June 19 research note. An analyst activity at Longbow Research, who started their coverage on company’s stock with Neutral rating on Thursday July 14

Analysts at Cleveland also reaffirmed a Hold rating on company’s share, in a research on August 5. Of the analysts covering the stock of Bed Bath & Beyond, 4 have assigned a Sell rating, 13 gave it a Hold, and 7 suggest a Buy. The company currently has a mean rating of Hold with consensus target price of $75.67.

Bed Bath & Beyond Inc. present short interest is 15.39 million shares. It has increased by 8% from the similar period of previous month. Almost 10% of the stock, which are float, is short solid.

Bed Bath & Beyond was down 1.45% at market close on Friday, hitting $61.87. The company had 1.5 million shares of trading volume. The firm has a market capitalization of $10.49 billion and a P/E ratio of 12.06. The firm’s 50 and 200 day moving average is $65.94 and $71.45, respectively. Bed Bath & Beyond has a 52 week low and high of $61.82 and $62.78, respectively.

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People permanently need to do business with dependable and reliable folks, as good business is always built firmly on truth that is what ensures real growth.