Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s share price fell 2.6% during trading on Friday . The company traded as low as $45.14 and last traded at $45.17, with a volume of 1,034,962 shares trading hands. The stock had previously closed at $46.36.

A number of brokerages have recently commented on BBBY. Credit Suisse Group AG cut their target price on shares of Bed Bath & Beyond from $46.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Wedbush reissued a “neutral” rating and issued a $42.00 target price (down previously from $46.00) on shares of Bed Bath & Beyond in a research note on Saturday, June 25th. Nomura reissued a “hold” rating and issued a $45.00 target price (down previously from $50.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $45.00 target price (down previously from $50.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Finally, Longbow Research assumed coverage on shares of Bed Bath & Beyond in a research note on Thursday, June 16th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Bed Bath & Beyond has an average rating of “Hold” and a consensus price target of $50.20.

The firm has a market cap of $6.87 billion and a price-to-earnings ratio of 9.07. The company has a 50 day moving average price of $44.84 and a 200-day moving average price of $45.97.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, June 22nd. The retailer reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by $0.06. The firm had revenue of $2.74 billion for the quarter. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Analysts predict that Bed Bath & Beyond Inc. will post $4.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Friday, September 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.10%.

In other news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $45.86, for a total value of $819,334.76. Following the sale, the chief operating officer now owns 140,630 shares of the company’s stock, valued at approximately $6,449,291.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Bed Bath & Beyond stock. BlackRock Advisors LLC boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 422.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801,765 shares of the retailer’s stock after buying an additional 648,200 shares during the period. BlackRock Advisors LLC owned approximately 0.50% of Bed Bath & Beyond worth $38,685,000 at the end of the most recent quarter.

Bed Bath & Beyond Inc and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus.

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