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A report released today by Citigroup about Bed Bath & Beyond Inc. (NASDAQ:BBBY) lowers the target price to $37.00

In a statement issued on 09/22/2016 Citigroup dropped the target price of Bed Bath & Beyond Inc. (NASDAQ:BBBY) from $38.00 to $37.00 stating a potential downside of -0.16%.

Just yesterday Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded 2.26% higher at $43.96. Bed Bath & Beyond Inc.’s 50-day average is $44.91 and its two hundred day average is $45.68. With the last stock price close down -3.50% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 1,945,577 shares of BBBY changing hands under the typical 2,433,910

Performance Chart

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Bed Bath & Beyond Inc. has a 52 week low of $41.15 and a 52 week high of $61.90 with a price-earnings ratio of 8.79 BBBY’s total market value is presently $0.

In addition to Citigroup reporting its stock price target, a total of 19 brokers have issued a report on the company. The average stock price target is $47.74 with 2 brokers rating the stock a strong buy, zero analysts rating the company a buy, nineteen analysts rating the company a hold, four analysts rating the company a underperform, and lastly 2 brokerages rating the stock a sell.

Brief Synopsis On Bed Bath & Beyond Inc. (NASDAQ:BBBY)

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). The Company operates in two segments: North American Retail and Institutional Sales. The Company sells a range of domestics merchandise and home furnishings. Domestics merchandise includes categories, such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and juvenile products. The Company operates approximately 1,530 stores plus its various Websites, other interactive platforms and distribution facilities.

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