Analyst Price Target Update on Bed Bath & Beyond (NASDAQ:BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) shares are expected to touch $52.39 in the short term. This short term price target has been shared by 13 analysts. However, the standard deviation of short term price estimate has been valued at 12.35. The target price could hit $75 on the higher end and $35 on the lower end.

Many analysts have stated their opinion on the company shares. Topeka Capital initiates coverage on Bed Bath & Beyond (NASDAQ:BBBY) The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency announces the price target to $37 per share. The rating by the firm was issued on May 24, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director officer (Chief Executive Officer), of Bed Bath & Beyond Inc, Temares Steven H had unloaded 223,678 shares at $45.81 per share in a transaction on May 10, 2016. The total value of transaction was $10,246,689. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Bed Bath & Beyond (NASDAQ:BBBY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 1.22% at $43 with 1,571,209 shares getting traded. Post opening the session at $43.33, the shares hit an intraday low of $42.6259 and an intraday high of $43.62 and the price was in this range throughout the day. The company has a market cap of $6,701 million and the number of outstanding shares have been calculated to be 155,832,060 shares. The 52-week high of Bed Bath & Beyond (NASDAQ:BBBY) is $71.68 and the 52-week low is $41.26.

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. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.