Loop Capital analysts issued a report on Bed Bath & Beyond (NASDAQ: BBBY) stocks this Monday 25th January, 2021. The firm set the Target Price of the houseware retailer chain company at $30.00.
Loop Capital currently has a “hold” rating on Bed Bath & Beyond stocks for the ongoing quarter. The revised target price indicates that the company’s current stock price will go down by 14.04% compared to its last close.
Bed Bath & Beyond Inc. stocks traded at $34.90 this Monday. The company’s current market capitalization stands at $4.23 billion. It has a negative PE ratio of 19.07 along with a beta of 2.10 at the moment. The 12-monthly high to low ranges from $34.34 to $3.43. The 50SMA (50 Days Simple Moving Average) stands at $20.23 and its 200SMA stands at $16.92. BBBY’s current ratio is 1.46, quick ratio is 0.81 and debt-to-equity ratio is 0.85.
Bed Bath & Beyond (NASDAQ: BBBY) Stock Analysis
The quarterly earnings report for the previous quarter was released on the 6th of January. The earnings stood at $0.08 EPS as opposed to the general consensus of $0.19 proposed by analysts at several equities research firms. The company’s return on equity stands at -7.80% along with the net margin of -2.32%. The estimated income for the firm was marked at $2.74 billion but it made $2.62 billion for the quarter.
Analysts at several research firms suggest that the Bed Bath & Beyond will report -1.78 as its earnings per share for the ongoing year. During the corresponding quarter previous year, the company posted an EPS of $0.38. demonstrating a decline in BBBY revenue of 5.1% based on a yearly evaluation.
NASDAQ: BBBY has recently been the subject of a lot of reports by research analysts. Some such as Wells Fargo & Company, Goldman Sachs, Telsey Advisory Group, TheStreet, and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at “Hold” rating with $19.07 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: BBBY shares recently.