Bed Bath & Beyond (BBBY) Receives Price Target

Bed Bath & Beyond (BBBY) : The most positive equity analysts on Bed Bath & Beyond (BBBY) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $44.67 with an expected fluctuation of $5.79 from the mean.

Bed Bath & Beyond (BBBY) has an average broker rating of 3.15, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Major Brokerage house, Credit Suisse maintains its ratings on Bed Bath & Beyond (NASDAQ:BBBY). In the latest research report, Credit Suisse lowers the target price from $46 per share to $41 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 23, 2016.

Bed Bath & Beyond (NASDAQ:BBBY): The stock opened at $46.41 on Thursday but the bulls could not build on the opening and the stock topped out at $46.70 for the day. The stock traded down to $45.58 during the day, due to lack of any buying support eventually closed down at $45.89 with a loss of -1.04% for the day. The stock had closed at $46.37 on the previous day. The total traded volume was 1,774,338 shares.

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.

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