Published: Sun, January 14, 2018
Business | By Tara Barton

Bed Bath & Beyond (NASDAQ:BBBY) Stock Rating Lowered by TheStreet


Hound Partners Llc who had been investing in Sps Comm Inc for a number of months, seems to be bullish on the $866.56M market cap company. The stock increased 2.16% or $4.44 during the last trading session, reaching $209.95. About 476,935 shares traded. It has underperformed by 1.17% the S&P500.

Mason Street Advisors Llc increased Bed Bath & Beyond Inc (BBBY) stake by 255.08% reported in 2017Q3 SEC filing.

Zacks Investment Research upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a sell rating to a hold rating in a research note released on Friday, December 22nd. The Ws Management Lllp holds 295,200 shares with $6.93M value, down from 395,200 last quarter. Wedbush also issued estimates for Bed Bath & Beyond's Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $3.01 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.65 EPS, Q4 2019 earnings at $1.27 EPS, FY2019 earnings at $2.73 EPS and FY2020 earnings at $2.47 EPS.

The stock decreased 0.45% or $0.0514 during the last trading session, reaching $11.3186. About 4.93M shares traded or 0.80% up from the average. See Bed Bath & Beyond Inc. Pioneer Municipal High Income Advantage Trust (MAV) has declined 17.04% since January 12, 2017 and is downtrending. It has underperformed by 9.97% the S&P500.

Investors sentiment decreased to 0.96 in Q3 2017. Its up 0.17, from 0.91 in 2017Q2. Sterling Capital Mgmt Limited Co has invested 0.25% in The Kroger Co. 60 funds opened positions while 120 raised stakes. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bed Bath & Beyond by 4.0% during the 3rd quarter. Nationwide Fund holds 0% in SPS Commerce, Inc. (NASDAQ:BBBY). Hutchin Hill L P has 74,700 shares. New York-based Manning And Napier Advsr Limited Liability has invested 0.03% in The Gap, Inc. Huntington Bank reported 0% in Hexcel Corporation (NYSE:HXL). New York State Teachers Retirement Systems reported 0.01% in Bed Bath & Beyond Inc. (NASDAQ:SPSC) for 5,055 shares. FMR LLC now owns 14,748,756 shares of the retailer's stock valued at $448,363,000 after buying an additional 1,330,077 shares during the period. Swiss National Bank now owns 547,190 shares of the retailer's stock worth $16,635,000 after acquiring an additional 9,000 shares during the last quarter. Nationwide Fund holds 0.04% or 448,031 shares. Bed Bath & Beyond Inc. The company now has a consensus rating of Hold and an average price target of $26.24. Therefore 15% are positive. Oppenheimer has "Sector Perform" rating and $85 target. $165,222 worth of stock was sold by Hendricks Kimberly A. on Monday, October 23.

Analysts expect Zendesk, Inc. The firm has "Underperform" rating by Bank of America given on Wednesday, September 20. Raymond James downgraded Bed Bath & Beyond Inc. The rating was maintained by Robert W. Baird with "Neutral" on Friday, January 8. The rating was maintained by FBR Capital on Friday, November 20 with "Mkt Perform". The firm has "Buy" rating given on Sunday, July 30 by RBC Capital Markets. It also reduced its holding in Charter Communications Inc N by 95,844 shares in the quarter, leaving it with 645,608 shares, and cut its stake in Century Alum Co (NASDAQ:CENX). ValuEngine upgraded shares of Bed Bath & Beyond from a hold rating to a buy rating in a research report on Monday, October 2nd.

Ratings analysis reveals 7% of Bed Bath & Beyond's analysts are positive. UBS Group reaffirmed a neutral rating and set a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. The stock has "Neutral" rating by Credit Agricole on Friday, September 25.

USDA raises estimate for corn production in January WASDE
This is up 1.2 bushels from the November forecast and two bushels above the revised 2016 average yield. Acres for harvest as grain were estimated at 1.22 million acres, down 180,000 acres from 2016.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, December 20th. As per Wednesday, April 19, the company rating was maintained by Jefferies. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. As per Tuesday, August 2, the company rating was maintained by Argus Research. (NASDAQ:BBBY) on Wednesday, September 20 with "Sell" rating. (NASDAQ:BBBY) has "Neutral" rating given on Friday, December 18 by Credit Suisse. Finally, BidaskClub downgraded Bed Bath & Beyond from a sell rating to a strong sell rating in a research report on Thursday, August 24th.

Investors of record on Friday, March 16th will be issued a dividend of $0.15 per share. Its down 0.21, from 1.17 in 2017Q2. Sold All: 84 Reduced: 103 Increased: 113 New Position: 39.

A number of other hedge funds have also added to or reduced their stakes in the company. The retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.07. Brandywine Invest holds 109 shares.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. (NASDAQ:BBBY) for 71,531 shares. Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 100,000 shares. 463,546 were accumulated by Pictet Asset Management Limited. Bnp Paribas Asset Holding reported 159,949 shares. Dupont Cap Mgmt has 89,100 shares for 0.05% of their portfolio. 47,176 were reported by Peak6 Limited Partnership. Putnam Invests Limited Liability Corporation owns 78,300 shares. Morgan Stanley holds 0.07% or 1.10 million shares.

Timucuan Asset Management Inc, which manages about $1.01B and $1.12 billion US Long portfolio, upped its stake in Dolby Laboratories Inc Com (NYSE:DLB) by 41,043 shares to 1.21M shares, valued at $69.79 million in 2017Q3, according to the filing. Smith A O (NYSE:AOS) was reduced too.

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