NEW YORK (TheStreet) -- Bed Bath & Beyond (BBBY) shares cratered, down -7.2% to $56.70, on Thursday, a day after the company reported its earnings results.
J.P. Morgan decreased its price target on the company on Thursday to $65 from $75 after the company reported earnings of 93 cents per diluted share on revenue of $2.66 billion, both below analysts' expectations of 94 cents per diluted share on $2.7 billion in revenue.
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Separately, TheStreet Ratings team rates BED BATH & BEYOND INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BED BATH & BEYOND INC (BBBY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."