Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded at a new 52-week high today of $53.90. So far today approximately 5.7 million shares have been exchanged, as compared to an average 30-day volume of 16.8 million shares.
In the past 52 weeks, Bed Bath & Beyond Inc. share prices are bracketed by a low of $3.43 and a high of $53.90 and is now at $47.20, 1,276% above that low price.
Bed Bath & Beyond is a home furnishings retailer, operating around 1,391 stores in all 50 states, Puerto Rico, Canada, and Mexico. Stores carry an assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies. In addition to 951 Bed Bath & Beyond stores, the company operates 129 Buy Buy Baby stores and 53 Harmon Face Values stores (health/beauty care). It recently divested online retailer Personalizationmall.com, the One Kings Lane business and Christmas Tree Shops and That (gifts/housewares) and Linen Holdings. Its 258 Cost Plus World Market locations are set to be sold by the end of fiscal 2020.
There is potential upside of 72.7% for shares of Bed Bath & Beyond Inc. based on a current price of $47.20 and an average consensus analyst price target of $81.50.
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