Bed Bath And Beyond
February 18, 2012 by staff
Bed Bath And Beyond, Bed Bath & Beyond (NASDAQ: BBBY) was downgraded by researchanlysts at Citigroup (NYSE: C) from a “buy” rating to a “neutral” rating in a report issued on Tuesday.
Separately,anlysts at Deutsche Bank (NYSE: DB) upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 24th. They now have a $70.00 price target on the stock, up previously from $65.00. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note to investors on Thursday, January 12nd. They now have a $64.00 price target on the stock. Also,anlysts at Telsey Advisory Group raised their price target on shares of Bed Bath & Beyond from $67.00 to $69.00 in a research note to investors on Thursday, December 22nd.
Bed Bath & Beyond Inc., along with its subsidiaries, is a chain of retail stores, operating under the names Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon) and buybuy BABY. In addition, the Company is a partner in a joint venture, which operates two stores in the Mexico City market under the name Home & More. The Company sells an assortment of domestics merchandise and home furnishings, which include food, giftware, health and beauty care items, and infant and toddler merchandise. As of February 26, 2011, Bed Bath & Beyond Inc. operated 1,139 stores located in 50 states, the District of Columbia, Puerto Rico and Canada, including 982 BBB stores operating in 50 states, the District of Columbia, Puerto Rico and Canada; 66 CTS stores operating in 18 states; 46 Harmon stores operating in three states, and 45 buybuy BABY stores operating in 20 states.
Shares of Bed Bath & Beyond opened at 59.375 on Tuesday. Bed Bath & Beyond has a one year low of $44.79 and a one year high of $63.83. The stock’s 50-day moving average is $60.60 and its 200-day moving average is $58.98. The company has a market cap of $14.057 billion and a P/E ratio of 15.90.
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