Price Target Update on Bed Bath & Beyond (NASDAQ:BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) : The consensus price target for Bed Bath & Beyond (NASDAQ:BBBY) is $50.23 for the short term with a standard deviation of $10.87. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $35.

Other Equity analysts have also commented on the company shares. Equity Analysts at the UBS maintains the rating on Bed Bath & Beyond (NASDAQ:BBBY). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $52 per share to $47 per share. The rating by the firm was issued on June 15, 2016.

Bed Bath & Beyond (NASDAQ:BBBY): stock turned positive on Thursday. Though the stock opened at $41.29, the bulls momentum made the stock top out at $44.6 level for the day. The stock recorded a low of $41.15 and closed the trading day at $43.83, in the green by 1.51%. The total traded volume for the day was 14,128,072. The stock had closed at $43.18 in the previous days trading.

The company shares have dropped -37.63% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $71.20 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $43.89 and the 200 Day Moving Average price is recorded at $46.89. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of Bed Bath & Beyond Inc, Temares Steven H had sold 223,678 shares worth of $10,246,689 in a transaction dated May 10, 2016. In this transaction, 223,678 shares were sold at $45.81 per share.

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.

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