Bed Bath & Beyond (BBBY) Receives a Sell from Wells Fargo
In a report issued on April 10, Zachary Fadem from Wells Fargo reiterated a Sell rating on Bed Bath & Beyond (BBBY). The company’s shares closed on Friday at $17.99.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 15.7% and a 71.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
Bed Bath & Beyond has an analyst consensus of Hold, with a price target consensus of $18.08.
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Bed Bath & Beyond’s market cap is currently $2.47B and has a P/E ratio of 7.92. The company has a Price to Book ratio of 0.85.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands.