Bed Bath & Beyond (BBBY) is Downgraded by Sun Trust Rbsn Humphrey to Neutral

Bed Bath & Beyond (BBBY) is Downgraded by Sun Trust Rbsn Humphrey to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) ended Thursday session in red amid volatile trading. The shares closed down 1.865 points or 3.48% at $51.71 with 2,372,510 shares getting traded. Post opening the session at $53.44, the shares hit an intraday low of $51.69 and an intraday high of $53.64 and the price vacillated in this range throughout the day. The company has a market cap of $8,630 million and the number of outstanding shares has been calculated to be 166,891,720 shares. The 52-week high of Bed Bath & Beyond Inc. (NASDAQ:BBBY) is $79.64 and the 52-week low is $51.644.

During the last several months other analysts have commented on the company rating. Jefferies initiates coverage on Bed Bath & Beyond Inc. (NASDAQ:BBBY).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies announces the price target of $63 per share. The rating by the firm was issued on October 8, 2015.

Research firm Zacks has rated Bed Bath & Beyond Inc. (NASDAQ:BBBY) and has ranked it at 4, indicating that for the short term the shares are a sell. 19 Wall Street analysts have given the company an average rating of 2.59. The shares has received a hold rating based on the suggestion from 12 analysts in latest recommendations. 1 brokerage houses have given a strong sell on the shares. 1 market expert has a sell on the stock. Strong buy was given by 5 Wall Street Analysts.

Bed Bath & Beyond Inc. (NASDAQ:BBBY): 13 Analyst have given the stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) a near short term price target of $67.77. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.16. The higher price target estimate is at $85 while the lower price estimates are fixed at $49.

Bed Bath & Beyond Inc. has lost 4.03% in the last five trading days and dropped 2.56% in the last 4 weeks. Bed Bath & Beyond Inc. has dropped 13.77% during the last 3-month period . Year-to-Date the stock performance stands at -32.11%.

Bed Bath & Beyond Inc. and subsidiaries is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively CTS), Harmon or Harmon Face Values (Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Company operates in two segments: North America Retail and Institutional Sales. The Institutional Sales operating segment consists of Linen Holdings, which provides textile products, amenities and other goods. It is a partner in a joint venture, which operates five retail stores in Mexico 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. As of August 30, 2014, it had 1,506 stores.