In a report released today, Curtis Nagle from Merrill Lynch upgraded Bed Bath & Beyond (BBBY) to Buy. The company’s shares opened today at $17.44.
According to TipRanks.com, Nagle is a 1-star analyst with an average return of -4.6% and a 48.9% success rate. Nagle covers the Services sector, focusing on stocks such as Williams-Sonoma, Best Buy Co, and GameStop.
Bed Bath & Beyond has an analyst consensus of Moderate Sell, with a price target consensus of $13.20, representing a -24.3% downside. In a report released today, Raymond James also upgraded the stock to Buy.
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Based on Bed Bath & Beyond’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $24.35 million. In comparison, last year the company had a net profit of $194 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.