In a report released today, Zachary Fadem from Wells Fargo maintained a Sell rating on Bed Bath & Beyond (BBBY). The company’s shares closed last Tuesday at $9.06.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 21.6% and a 77.7% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.
Bed Bath & Beyond has an analyst consensus of Hold, with a price target consensus of $6.50.
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Based on Bed Bath & Beyond’s latest earnings release for the quarter ending February 29, the company reported a quarterly revenue of $3.11 billion and GAAP net loss of $65.41 million. In comparison, last year the company earned revenue of $3.31 billion and had a GAAP net loss of $254 million.
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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. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.
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