Barclays Sticks to Their Hold Rating for Bed Bath & Beyond

By Ryan Adsit

In a report issued on June 23, Matthew McClintock from Barclays maintained a Hold rating on Bed Bath & Beyond (NASDAQ: BBBY), with a price target of $40. The company’s shares closed on Friday at $29.65, close to its 52-week high of $48.83.

According to TipRanks.com, McClintock is a 3-star analyst with an average return of 2.9% and a 50.0% success rate. McClintock covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Dick’s Sporting Goods.

Currently, the analyst consensus on Bed Bath & Beyond is Hold and the average price target is $32.71, representing a 10.3% upside.

In a report issued on June 23, Wedbush also maintained a Hold rating on the stock with a $30 price target.

Bed Bath & Beyond’s market cap is currently $4.29B and has a P/E ratio of 6.45. The company has a book value ratio of 1.6056.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Last month, Steven Temares, the CEO of BBBY sold 96,109 shares for a total of $3,591,665.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bed Bath & Beyond, Inc. is a chain of retail stores, which engages in the sale of wide assortment of domestic merchandise. The company and its subsidiaries operates under the names 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.