The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. “With these drivers less powerful this year, and given tough comparisons, we expect 2Q15 results near or below the low end of guidance.”, the firm’s analyst wrote.
Deutsche Bank restated their hold rating on shares of Bed Bath & Beyond (NASDAQ:BBBY) in a research report report published on Tuesday, MarketBeat.Com reports. Zacks raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Friday, August 21st. In a report issued on September 21, SunTrust also reiterated a Buy rating on the stock with a $88 price target. “Our Outperform rating is longer term in nature and supported by a depressed valuation and the company’s superior cash flow prospects”. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $77.00 price target (down from $80.00) on shares of Bed Bath & Beyond in a report on Friday. The consensus one-year price target stands at $75.25. The stock had a trading volume of 4,585,482 shares. The stock has a market cap of $9.93 billion and a price-to-earnings ratio of 11.64. The firm has a 50-day moving average of $62.11 and a 200 day moving average of $68.86. In a conference call to financial analysts yesterday, Steven Temares, Bed Bath’s CEO, said the retailer’s sales growth was “lowered than modeled”. Looking ahead, Bed Bath & Beyond continues to anticipate incurring capital expenditure of approximately $375-$400 million in fiscal 2015. EPS in Q216 are expected to come in at $1.21, a growth rate of 3.42% from $1.17 per share a year earlier. The firm earned $3 billion during the quarter.
For the 13-week period, Bed Bath & Beyond’s comparative store sales increased 0.7%, well under gains of 3.4% in the same quarter a year ago.
According to data compiled by Thomson Reuters, Bed Bath & Beyond (NASDAQ:BBBY)’s stock is covered by 16 equity analysts across the Street, with 5 analysts giving it a Sell rating, 6 a Buy rating, while 15 consider it a Hold.
Bed Bath & Beyond Inc.is a chain of retail stores, operating under the names Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market). The Company operates in two segments: North America Retail and Institutional Sales. In addition, it is a partner in a joint venture, which operates three stores in the Mexico City market under the name Bed Bath & Beyond. It sells a range of domestic merchandise, including bed linens and related items, bath items and kitchen textiles, and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and certain juvenile products.