Bed Bath & Beyond Inc (NASDAQ:BBBY): Institutional Investor Sentiment Down to 0.81

January 13, 2018 - By Peter Erickson

 Bed Bath & Beyond Inc (NASDAQ:BBBY): Institutional Investor Sentiment Down to 0.81

Sentiment for Bed Bath & Beyond Inc (NASDAQ:BBBY)

Bed Bath & Beyond Inc (NASDAQ:BBBY) institutional sentiment increased to 0.81 in 2017 Q3. Its up 0.06, from 0.75 in 2017Q2. The ratio is better, as 152 investment professionals opened new or increased holdings, while 187 reduced and sold their positions in Bed Bath & Beyond Inc. The investment professionals in our partner’s database now own: 129.74 million shares, down from 133.60 million shares in 2017Q2. Also, the number of investment professionals holding Bed Bath & Beyond Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 84 Reduced: 103 Increased: 113 New Position: 39.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $3.25 billion. It sells a range of domestics 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 juvenile products. It has a 6.48 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

The stock increased 3.77% or $0.83 during the last trading session, reaching $22.82. About 4.93M shares traded or 0.80% up from the average. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since January 13, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

Valueworks Llc holds 3.17% of its portfolio in Bed Bath & Beyond Inc. for 189,975 shares. Wilsey Asset Management Inc owns 126,447 shares or 1.89% of their US portfolio. Moreover, Moon Capital Management Lp has 1.71% invested in the company for 269,238 shares. The United Kingdom-based Dynamic Capital Management Ltd has invested 1.69% in the stock. Euclidean Technologies Management Llc, a New York-based fund reported 54,051 shares.#img1#

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Ratings analysis reveals 7% of Bed Bath & Beyond’s analysts are positive. Out of 30 Wall Street analysts rating Bed Bath & Beyond, 2 give it “Buy”, 7 “Sell” rating, while 21 recommend “Hold”. The lowest target is $17.0 while the high is $85. The stock’s average target of $42.08 is 84.40% above today’s ($22.82) share price. BBBY was included in 68 notes of analysts from September 21, 2015. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, December 22. The company was maintained on Thursday, September 22 by UBS. As per Wednesday, September 20, the company rating was maintained by Barclays Capital. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, September 25. The firm has “Hold” rating given on Thursday, August 31 by Jefferies. Morgan Stanley maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Friday, June 23. Morgan Stanley has “Sell” rating and $3000 target. The rating was downgraded by Citigroup on Wednesday, January 27 to “Sell”. Loop Capital initiated it with “Sell” rating and $35 target in Tuesday, December 20 report. Argus Research maintained it with “Buy” rating and $65.0 target in Friday, January 8 report. UBS maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Wednesday, June 15. UBS has “Neutral” rating and $47 target.

More notable recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Seekingalpha.com which released: “Bed, Bath And Beyond Q3: Value Trap” on January 02, 2018, also Bloomberg.com with their article: “Bed Bath & Beyond Tumbles on Signs of Holiday-Season Slowdown” published on December 21, 2017, Cnbc.com published: “Traders betting on Bed Bath & Beyond and a small bank stock to play tax reform …” on December 22, 2017. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) were released by: Prnewswire.com and their article: “Bed Bath & Beyond Inc. Reports Results For Fiscal 2017 Third Quarter” published on December 20, 2017 as well as Usnews.com‘s news article titled: “Bed Bath & Beyond Struggles to Adapt” with publication date: December 21, 2017.

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