A statement released earlier today by UBS about Bed Bath & Beyond (NASDAQ:BBBY) bumps down the target price to $45.00
- Updated: September 22, 2016
UBS bumped down the target of Bed Bath & Beyond (NASDAQ:BBBY) to $45.00 stating a potential upside of 0.04%.
Boasting a price of $43.11, Bed Bath & Beyond (NASDAQ:BBBY) traded 2.26% higher on the day. With the last stock price close down -3.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bed Bath & Beyond has recorded a 50-day average of $44.91 and a two hundred day average of $45.68. Volume of trade was down over the average, with 1,945,577 shares of BBBY changing hands under the typical 2,433,910
With a total market value of $0, Bed Bath & Beyond has price-earnings ratio of 8.79 with a one year low of $41.15 and a one year high of $61.90 .
A total of 19 equity analysts have released a ratings update on BBBY. Two equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, nineteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $47.74.
Brief Synopsis About Bed Bath & Beyond (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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