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ValuEngine upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to Buy in a report released today.

ValuEngine has upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to Buy in a report released on Thursday July 06, 2017.

Previously on 6/23/2017, Wolfe Research reported on Bed Bath & Beyond Inc. (NASDAQ:BBBY) reduced the target price from $31.00 to $29.00. At the time, this indicated a possible downside of -0.14%.

Yesterday Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded 1.34% higher at $29.65. The company’s 50-day moving average is $29.63 and its 200-day moving average is $36.06. The last closing price is down -20.19% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 2,331,029 shares of the stock traded hands, down from an average trading volume of 3,871,410

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Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Bed Bath & Beyond Inc. has a 52 week low of $27.99 and a 52 week high of $48.83 with a P/E ratio of 6.62 Bed Bath & Beyond Inc.’s market capitalization is currently $0.

In addition to ValuEngine reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $47.74 with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 19 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 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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