Economy

ValuEngine Upgrades Bed Bath & Beyond (BBBY) to Buy

ValuEngine Upgrades Bed Bath & Beyond (BBBY) to Buy

IBC has "Neutral" rating and $44 target. ValuEngine lowered shares of Bed Bath & Beyond from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 2nd. Scotia Capital maintained IGM Financial Inc. The rating was maintained by Oppenheimer on Friday, June 23 with "Hold".

Analysts are expecting average earnings estimates of $1.39 for the current quarter based on the opinion of 21 analysts, relating to high earnings per share estimates of $1.66 and low estimates of $1.22, however Bed Bath & Beyond (NASDAQ:BBBY) reported $1.84 earnings per share for the same quarter past year. The retailer reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer's stock valued at $80,364,000 after purchasing an additional 1,336,053 shares during the last quarter. Greylin Investment Mangement Inc who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $3.19B market cap company.

The stock increased 1.13% or $0.1 during the last trading session, reaching $8.95. About 1.74 million shares traded.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $22.41 on Wednesday. It has underperformed by 33.04% the S&P500.

To strengthen this concept we can use profit margin, which is standing at positive 4.10%, and it is providing insight views about a variety of aspects of a firm's financial performance. The company's distance from 52-week high price is -46.45% and while the current price is 15.05% from 52-week low price. Amer Group has invested 0% in Marine Products Corporation (NYSE:MPX). PDC Energy, Inc. (NASDAQ:PDCE) has declined 13.25% since March 7, 2017 and is downtrending. It has underperformed by 3.46% the S&P500.

Investors sentiment decreased to 0.74 in Q3 2017.

More news: Vipshop Holdings Limited, (NYSE: VIPS)

Want to see what other hedge funds are holding BBBY? 39 funds opened positions while 113 raised stakes. State Street, Massachusetts-based fund reported 6.79 million shares. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $41.74. (NASDAQ:BBBY). Euclidean Technology Limited Liability Com has 54,051 shares for 1.21% of their portfolio. Sumitomo Mitsui Trust Incorporated holds 456,085 shares or 0.02% of its portfolio. It also increased its holding in Kroger Co (NYSE:KR) by 45,616 shares in the quarter, for a total of 413,448 shares, and has risen its stake in Baxter Intl Inc (NYSE:BAX). The business's revenue was down 1.4% on a year-over-year basis. equities analysts expect that Bed Bath & Beyond Inc. will post 3.01 earnings per share for the current fiscal year. Stockholders of record on Friday, March 16th will be given a $0.15 dividend. Bed Bath & Beyond's payout ratio is presently 17.24%. Canada Pension Plan Investment Board holds 736,681 shares. Bessemer Gp invested 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Perkins Coie Tru accumulated 700 shares or 0.01% of the stock. Hbk Invests Ltd Partnership invested in 0.01% or 72,300 shares. Gamco Investors Et Al stated it has 0.01% in Bed Bath & Beyond Inc. Finally, Contrarius Investment Management Ltd bought a new stake in shares of Bed Bath & Beyond during the 3rd quarter valued at about $18,776,000.

Among 31 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 9 Sell and 20 Hold. Therefore 64% are positive. Bed Bath & Beyond had 71 analyst reports since September 21, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Friday, September 25 with "Buy". As per Thursday, December 22, the company rating was downgraded by Raymond James.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, December 20th. The firm has "Neutral" rating by UBS given on Wednesday, June 15. Citigroup maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned "Hold" rating by Jefferies on Wednesday, September 20. The stock of Bed Bath & Beyond Inc. As per Tuesday, August 11, the company rating was upgraded by Bank of America. (NASDAQ:BBBY) has "Sell" rating given on Thursday, June 23 by Goldman Sachs. Stifel Nicolaus maintained it with "Hold" rating and $200 target in Thursday, April 27 report. The firm earned "Buy" rating on Friday, September 2 by Stifel Nicolaus. (NASDAQ:BBBY) has current ratio of 1.70 that indicates if ratio lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Citigroup has "Sell" rating and $40 target. 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. The firm is expected to issue its next earnings report on Wednesday, April 4th.

According to 7 analysts, the Average Revenue Estimate is $1.2 Billion for the current Fiscal quarter.

Hillsdale Investment Management Inc decreased Spx Corp Com (SPW) stake by 38,100 shares to 300 valued at $9,000 in 2017Q3. Wilsey Asset Management Inc. now owns 126,447 shares of the retailer's stock valued at $2,932,000 after purchasing an additional 4,340 shares in the last quarter. Following the completion of the sale, the vice president now directly owns 97,419 shares in the company, valued at $2,203,617.78. Quest Diagnostics Inc (NYSE:DGX) was reduced too.


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