In a report released yesterday, Zachary Fadem from Wells Fargo reiterated a Sell rating on Bed Bath & Beyond (BBBY – Research Report), with a price target of $9.00. The company’s shares closed last Monday at $10.02.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 13.1% and a 70.1% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
The word on The Street in general, suggests a Hold analyst consensus rating for Bed Bath & Beyond with a $13.90 average price target.
The company has a one-year high of $19.57 and a one-year low of $7.31. Currently, Bed Bath & Beyond has an average volume of 7.4M.
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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.