Citigroup Inc. lowered shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) from a neutral rating to a sell rating in a report issued on Wednesday, The Fly reports.

Several other research firms have also recently weighed in on BBBY. Deutsche Bank restated a hold rating on shares of Bed Bath & Beyond in a report on Tuesday, October 6th. Jefferies Group assumed coverage on Bed Bath & Beyond in a report on Thursday, October 8th. They issued a hold rating and a $63.00 target price for the company. Raymond James lifted their target price on Bed Bath & Beyond from $76.50 to $85.00 and gave the stock a strong-buy rating in a report on Thursday, November 26th. Zacks Investment Research cut Bed Bath & Beyond from a hold rating to a sell rating in a report on Tuesday, December 1st. Finally, Canaccord Genuity cut Bed Bath & Beyond from a buy rating to a hold rating in a report on Friday, November 20th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $57.42.

A number of hedge funds and institutional investors have made changes to their positions in BBBY. Kovitz Investment Group increased its position in shares of Bed Bath & Beyond by 0.7% in the third quarter. Kovitz Investment Group now owns 869,692 shares of the retailer’s stock valued at $49,590,000 after buying an additional 6,282 shares during the period. Lau Associates increased its position in shares of Bed Bath & Beyond by 76.9% in the fourth quarter. Lau Associates now owns 13,000 shares of the retailer’s stock valued at $627,000 after buying an additional 5,650 shares during the period. Dalton Greiner Hartman Maher & Company increased its position in shares of Bed Bath & Beyond by 11.7% in the fourth quarter. Dalton Greiner Hartman Maher & Company now owns 310,666 shares of the retailer’s stock valued at $14,990,000 after buying an additional 32,618 shares during the period. CIBC World Markets increased its position in shares of Bed Bath & Beyond by 12.4% in the fourth quarter. CIBC World Markets now owns 56,707 shares of the retailer’s stock valued at $2,736,000 after buying an additional 6,238 shares during the period. Finally, Pensionfund Sabic acquired a new position in shares of Bed Bath & Beyond during the fourth quarter valued at $1,206,000.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 2.60% during midday trading on Wednesday, reaching $41.94. The company had a trading volume of 2,053,109 shares. The firm’s 50 day moving average price is $47.90 and its 200-day moving average price is $57.41. The stock has a market capitalization of $6.73 billion and a price-to-earnings ratio of 8.30. Bed Bath & Beyond has a 1-year low of $41.71 and a 1-year high of $79.36.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Thursday, January 7th. The retailer reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The firm had revenue of $2.95 billion for the quarter. During the same period in the previous year, the company earned $1.19 EPS. Bed Bath & Beyond’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts expect that Bed Bath & Beyond will post $5.01 EPS for the current fiscal year.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

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