Bed Bath & Beyond (BBBY) Receives a Sell from Wolfe Research


In a report released today, Adrienne Tennant from Wolfe Research maintained a Sell rating on Bed Bath & Beyond (BBBY), with a price target of $12. The company’s shares opened today at $15.23.

According to TipRanks.com, Tennant is a 4-star analyst with an average return of 4.2% and a 51.2% success rate. Tennant covers the Services sector, focusing on stocks such as Children’s Place, Urban Outfitters, and Stitch Fix Inc.

Bed Bath & Beyond has an analyst consensus of Moderate Sell, with a price target consensus of $12.29, a -19.3% downside from current levels. In a report released yesterday, Merrill Lynch also maintained a Sell rating on the stock with a $11 price target.

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The company has a one-year high of $24.08 and a one-year low of $10.46. Currently, Bed Bath & Beyond has an average volume of 6.23M.

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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.