Bed Bath & Beyond (BBBY) is Reiterated by Telsey Advisory Group to Market Perform, Lowers Price Target to $ 45

Bed Bath & Beyond (BBBY) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 45 from a previous price target of $50 . Telsey Advisory Group advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on Bed Bath & Beyond. Bed Bath & Beyond was Initiated by Longbow to “Neutral” on Jun 16, 2016. Topeka Capital Markets Initiated Bed Bath & Beyond on May 24, 2016 to “Sell”, Price Target of the shares are set at $37.Barclays Initiated Bed Bath & Beyond on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $50.

On the company’s financial health, Bed Bath & Beyond reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $0.86. The company had revenue of $2738.08 million for the quarter, compared to analysts expectations of $2777.22 million. During the same quarter in the previous year, the company posted $0.93 EPS.

Bed Bath & Beyond closed down -0.74 points or -1.68% at $43.33 with 24,35,651 shares getting traded on Tuesday. Post opening the session at $44.02, the shares hit an intraday low of $43.06 and an intraday high of $44.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 12, 2016, Steven H Temares (Chief Executive Officer) sold 223,678 shares at $45.81 per share price. According to the SEC, on Apr 22, 2016, Arthur Stark (President and CMO) sold 17,139 shares at $49.16 per share price. On Apr 19, 2016, Matthew Fiorilli (Senior VP – Stores) sold 41,029 shares at $49.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

Bed Bath & Beyond

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Bed Bath & Beyond - Is it time to Sell?

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