Bed Bath & Beyond Inc. (NASDAQ:BBBY) had its price target cut by Telsey Advisory Group from $32.00 to $21.00 in a research report released on Wednesday. They currently have a market perform rating on the retailer’s stock.

Other analysts have also issued reports about the company. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Bed Bath & Beyond in a report on Saturday, June 24th. Morgan Stanley set a $30.00 target price on Bed Bath & Beyond and gave the stock a sell rating in a report on Saturday, June 24th. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a hold rating in a report on Saturday, June 24th. Bank of America Corporation set a $27.00 target price on Bed Bath & Beyond and gave the stock a sell rating in a report on Saturday, June 24th. Finally, UBS AG reaffirmed a neutral rating and set a $33.00 target price (down from $37.00) on shares of Bed Bath & Beyond in a report on Monday, June 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. Bed Bath & Beyond currently has an average rating of Hold and an average target price of $29.56.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.84% and a net margin of 4.64%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “Bed Bath & Beyond Inc. (BBBY) Price Target Cut to $21.00 by Analysts at Telsey Advisory Group” was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/21/bed-bath-beyond-inc-bbby-price-target-cut-to-21-00-by-analysts-at-telsey-advisory-group.html.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio is presently 15.42%.

Several large investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Bed Bath & Beyond by 9.9% in the second quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock worth $448,363,000 after acquiring an additional 1,330,077 shares during the last quarter. Vanguard Group Inc. lifted its position in Bed Bath & Beyond by 2.2% during the first quarter. Vanguard Group Inc. now owns 13,993,417 shares of the retailer’s stock worth $552,180,000 after buying an additional 298,107 shares in the last quarter. BlackRock Inc. lifted its position in Bed Bath & Beyond by 2,768.5% during the first quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock worth $478,258,000 after buying an additional 11,697,533 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Bed Bath & Beyond by 3.9% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,455,769 shares of the retailer’s stock worth $257,055,000 after buying an additional 319,380 shares in the last quarter. Finally, State Street Corp lifted its position in Bed Bath & Beyond by 3.2% during the first quarter. State Street Corp now owns 8,382,743 shares of the retailer’s stock worth $330,785,000 after buying an additional 261,732 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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.