Bed Bath & Beyond (BBBY) Receives a Sell from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Sell rating on Bed Bath & Beyond (BBBYResearch Report) today. The company’s shares closed last Wednesday at $33.22.

According to TipRanks.com, Fadem is a top 100 analyst with an average return of 30.7% and a 78.1% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Bed Bath & Beyond has an analyst consensus of Hold, with a price target consensus of $28.20.

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The company has a one-year high of $53.90 and a one-year low of $7.39. Currently, Bed Bath & Beyond has an average volume of 7.19M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BBBY in relation to earlier this year.

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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.