UBS AG restated their neutral rating on shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) in a report issued on Thursday. UBS AG currently has a $30.00 price objective on the retailer’s stock, down from their prior price objective of $33.00.

BBBY has been the subject of a number of other reports. Zacks Investment Research upgraded Bed Bath & Beyond from a hold rating to a buy rating and set a $31.00 price objective for the company in a report on Tuesday, September 5th. Morgan Stanley decreased their price target on Bed Bath & Beyond from $38.00 to $35.00 and set an underweight rating for the company in a report on Wednesday, June 21st. Telsey Advisory Group decreased their price target on Bed Bath & Beyond from $41.00 to $39.00 and set a market perform rating for the company in a report on Tuesday, June 20th. BidaskClub downgraded Bed Bath & Beyond from a sell rating to a strong sell rating in a report on Thursday, August 24th. Finally, Robert W. Baird reiterated a neutral rating and set a $38.00 price target (down from $42.00) on shares of Bed Bath & Beyond in a report on Monday, June 19th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $34.94.

Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.59% on Thursday, hitting $28.69. The stock had a trading volume of 2,000,467 shares. The company has a market capitalization of $4.04 billion, a PE ratio of 6.60 and a beta of 1.11. Bed Bath & Beyond has a 12-month low of $26.96 and a 12-month high of $48.83. The company has a 50 day moving average of $28.60 and a 200 day moving average of $34.02.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.08). The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, equities analysts expect that Bed Bath & Beyond will post $4.02 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was first reported by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/15/bed-bath-beyond-inc-bbby-receives-neutral-rating-from-ubs-ag.html.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 2.08%. Bed Bath & Beyond’s payout ratio is 13.86%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank lifted its position in Bed Bath & Beyond by 0.3% in the 1st quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock valued at $417,000 after acquiring an additional 32 shares in the last quarter. Nordea Investment Management AB lifted its position in Bed Bath & Beyond by 1.7% in the 1st quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock valued at $304,000 after acquiring an additional 129 shares in the last quarter. Blair William & Co. IL lifted its position in Bed Bath & Beyond by 1.5% in the 1st quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock valued at $566,000 after acquiring an additional 213 shares in the last quarter. ARGI Investment Services LLC lifted its position in Bed Bath & Beyond by 1.1% in the 1st quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock valued at $1,076,000 after acquiring an additional 284 shares in the last quarter. Finally, Fairbanks Capital Management Inc. lifted its position in Bed Bath & Beyond by 1.7% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock valued at $512,000 after acquiring an additional 285 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors and hedge funds.

Bed Bath & Beyond Company Profile

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).

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

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.