Wedbush Reiterates $23.00 Price Target for Bed Bath & Beyond (BBBY)

Lloyd Doyle
January 14, 2018

The stock increased 2.53% or $1.58 during the last trading session, reaching $64.05. Ajo Lp sold 1.35M shares as the company's stock declined 14.12% while stock markets rallied. It has outperformed by 12.24% the S&P500.

Shares of Bed Bath & Beyond (BBBY) opened at $22.86 on Thursday. Following the transaction, the vice president now directly owns 97,419 shares of the company's stock, valued at approximately $2,203,617.78. Td Asset Management Inc has 0% invested in Bed Bath & Beyond Inc.

The stock increased 3.77% or $0.83 during the last trading session, reaching $22.82. About 4.97M shares traded. Pioneer Municipal High Income Advantage Trust (MAV) has declined 17.04% since January 12, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

Investors sentiment decreased to 0.88 in 2017 Q3. Its up 0.17, from 0.91 in 2017Q2. It dived, as 44 investors sold Global Positioning System shares while 144 reduced holdings. Texas Permanent School Fund has invested 0.01% in SPS Commerce, Inc. St James Inv Lc holds 0.12% or 19,190 shares in its portfolio. Moreover, Nelson Van Denburg & Campbell Wealth Gru Limited Liability Corp has 0% invested in The Kroger Co. Canandaigua Savings Bank invested in 0.39% or 9,946 shares. Tower Rech Cap Limited Liability Com (Trc) holds 0% or 1,262 shares. Ftb Advisors holds 0% or 53 shares in its portfolio. 6,378 were reported by Oppenheimer Asset. Riverhead Capital Management LLC now owns 172,139 shares of the retailer's stock worth $5,233,000 after acquiring an additional 14,236 shares during the last quarter. Nationwide Fund holds 0% in SPS Commerce, Inc. 2,900 were accumulated by Hyman Charles D. Dreman Value Mngmt L L C holds 721 shares. It also reduced its holding in Great Plains Energy Inc (NYSE:GXP) by 611,907 shares in the quarter, leaving it with 870,200 shares, and cut its stake in American Vanguard Corp (NYSE:AVD). 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. The company now has an average rating of Hold and an average target price of $26.24. Therefore 15% are positive. The rating was maintained by KeyBanc Capital Markets with "Sell" on Wednesday, September 20. As per Tuesday, July 19, the company rating was initiated by Stifel Nicolaus. The rating was maintained by Piper Jaffray on Thursday, October 12 with "Buy". Mackenzie Fincl reported 633,426 shares or 0.07% of all its holdings. Finally, BidaskClub downgraded Bed Bath & Beyond from a sell rating to a strong sell rating in a research report on Thursday, August 24th. (NYSE:KR) rating on Tuesday, December 26.

Mason Street Advisors Llc decreased Apple Inc (NASDAQ:AAPL) stake by 6,595 shares to 717,029 valued at $110.51 million in 2017Q3. It also upped Micron Technology Inc (NASDAQ:MU) stake by 10.10 million shares and now owns 12.12 million shares. Zacks Investment Research upgraded Bed Bath & Beyond from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Thursday, September 14th. Therefore 84% are positive. Deutsche Bank AG restated a "hold" rating and set a $48.00 price target (up previously from $42.00) on shares of Bed Bath & Beyond in a research note on Friday. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Oppenheimer maintained the stock with "Hold" rating in Friday, June 23 report. The firm earned "Buy" rating on Friday, January 8 by Argus Research. Canaccord Genuity maintained the shares of SPSC in report on Monday, July 24 with "Hold" rating. The firm has "Neutral" rating by SunTrust given on Wednesday, December 23. The company was downgraded on Wednesday, January 27 by KeyBanc Capital Markets. Jefferies maintained the stock with "Hold" rating in Thursday, June 22 report. The Ontario - Canada-based Canada Pension Plan Investment Board has invested 0.04% in Bed Bath & Beyond Inc.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, December 20th.

Investors sentiment increased to 0.81 in 2017 Q3. Its down 0.21, from 1.17 in 2017Q2. It improved, as 84 investors sold Bed Bath & Beyond Inc. shares while 103 reduced holdings.

A number of other hedge funds have also added to or reduced their stakes in the company. The retailer reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.98 by $0.13. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. During the same period in the prior year, the business earned $0.85 earnings per share. sell-side analysts anticipate that Bed Bath & Beyond will post 3 EPS for the current fiscal year. (NASDAQ:BBBY) or 2.09 million shares.

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! (NASDAQ:BBBY). Smith Graham & Invest Advsr LP accumulated 172,390 shares. Sterling Capital Mgmt Limited Co has invested 0.25% in The Kroger Co. Denali Advsrs Ltd Liability Co holds 9,900 shares. Rhumbline Advisers owns 1.65 million shares. Bank of New York Mellon Corp raised its position in shares of Bed Bath & Beyond by 41.8% in the third quarter. (NASDAQ:BBBY) or 100,000 shares. More interesting news about Bed Bath & Beyond Inc. Putnam Invests Limited Liability Corporation owns 78,300 shares. RBC Capital Markets maintained Hexcel Corporation (NYSE:HXL) rating on Wednesday, October 21. (NASDAQ:BBBY). Citigroup, New York-based fund reported 147,675 shares.

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