Robert W. Baird set a $45.00 target price on Bed Bath & Beyond Inc. (NASDAQ:BBBY) in a research report released on Monday morning. The brokerage currently has a a hold rating on the retailer’s stock.

A number of other research firms also recently weighed in on BBBY. Vetr raised shares of Bed Bath & Beyond from a buy rating to a strong-buy rating in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Bed Bath & Beyond from a sell rating to a hold rating in a research report on Wednesday, August 17th. Wedbush reaffirmed a neutral rating and issued a $42.00 target price on shares of Bed Bath & Beyond in a research report on Tuesday, August 2nd. BTIG Research assumed coverage on shares of Bed Bath & Beyond in a research report on Wednesday, June 1st. They issued a neutral rating on the stock. Finally, Credit Suisse Group AG started coverage on shares of Bed Bath & Beyond in a research report on Monday, July 18th. They issued a neutral rating and a $41.00 target price on the stock. Eight analysts have rated the stock with a sell rating, nineteen have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $50.20.

Bed Bath & Beyond (NASDAQ:BBBY) opened at 43.34 on Monday. The firm has a 50 day moving average of $44.98 and a 200-day moving average of $45.76. Bed Bath & Beyond has a 1-year low of $41.15 and a 1-year high of $61.90. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 8.65 and a beta of 0.72.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, June 22nd. The retailer reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.06. The business earned $2.74 billion during the quarter. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. Bed Bath & Beyond’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, equities research analysts anticipate that Bed Bath & Beyond will post $4.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Friday, September 16th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, September 14th. Bed Bath & Beyond’s payout ratio is presently 9.98%.

In other news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.86, for a total transaction of $819,334.76. Following the completion of the transaction, the chief operating officer now directly owns 140,630 shares of the company’s stock, valued at approximately $6,449,291.80. The sale was disclosed in a filing with the SEC, which is available at this link. 4.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Bed Bath & Beyond by 103.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,304 shares of the retailer’s stock valued at $100,000 after buying an additional 1,172 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Bed Bath & Beyond during the first quarter valued at about $124,000. Creative Planning boosted its stake in shares of Bed Bath & Beyond by 1.2% in the second quarter. Creative Planning now owns 2,585 shares of the retailer’s stock valued at $112,000 after buying an additional 30 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Bed Bath & Beyond by 798.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,137 shares of the retailer’s stock valued at $135,000 after buying an additional 2,788 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Bed Bath & Beyond by 1.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,372 shares of the retailer’s stock valued at $167,000 after buying an additional 41 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

About Bed Bath & Beyond

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

5 Day Chart for NASDAQ:BBBY

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