Bed Bath & Beyond Inc. (BBBY) Reaches $22.82 After 5.00% Up Move; Artisan Partners Asset Management Inc. (APAM) Covered By 2 Bulls

January 14, 2018 - By Darrin Black

The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) is a huge mover today! The stock increased 3.77% or $0.83 during the last trading session, reaching $22.82. About 4.93 million shares traded or 0.04% up from the average. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since January 14, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.The move comes after 8 months positive chart setup for the $3.25 billion company. It was reported on Jan, 14 by Barchart.com. We have $23.96 PT which if reached, will make NASDAQ:BBBY worth $162.50M more.

Among 9 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Artisan Partners Asset Management Inc had 46 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Artisan Partners Asset Management Inc. (NYSE:APAM) has “Hold” rating given on Wednesday, January 10 by Jefferies. The firm has “Hold” rating by Jefferies given on Wednesday, June 28. Goldman Sachs downgraded the shares of APAM in report on Wednesday, January 4 to “Sell” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, October 7. The firm earned “Neutral” rating on Tuesday, October 27 by Goldman Sachs. The rating was upgraded by Citigroup to “Neutral” on Thursday, February 11. As per Monday, July 11, the company rating was maintained by Jefferies. The rating was maintained by Credit Suisse on Wednesday, November 25 with “Outperform”. On Thursday, September 3 the stock rating was maintained by Wood with “Market Perform”. The firm earned “Buy” rating on Wednesday, October 18 by RBC Capital Markets. See Artisan Partners Asset Management Inc. (NYSE:APAM) latest ratings:

10/01/2018 Broker: Jefferies Rating: Hold New Target: $41.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $40.0 Maintain
15/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $41.0 Maintain
14/11/2017 Broker: Jefferies Rating: Hold New Target: $37.0 Maintain
01/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $38.0 Maintain
18/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $36.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $34.0 Maintain
25/09/2017 Broker: Jefferies Rating: Hold New Target: $32.0 Maintain
04/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $33.0 Maintain
17/08/2017 Broker: Jefferies Rating: Hold New Target: $32.0 Maintain

Artisan Partners Asset Management Inc. is publicly owned investment manager. The company has market cap of $3.01 billion. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It has a 20.88 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

The stock increased 1.02% or $0.4 during the last trading session, reaching $39.8. About 480,992 shares traded or 27.52% up from the average. Artisan Partners Asset Management Inc. (NYSE:APAM) has declined 8.04% since January 14, 2017 and is downtrending. It has underperformed by 24.74% the S&P500.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.49, from 1.5 in 2017Q2. It dropped, as 19 investors sold Artisan Partners Asset Management Inc. shares while 62 reduced holdings. 32 funds opened positions while 50 raised stakes. 47.38 million shares or 3.27% less from 48.99 million shares in 2017Q2 were reported. Victory Capital Management has invested 0% in Artisan Partners Asset Management Inc. (NYSE:APAM). Envestnet Asset Management has invested 0% in Artisan Partners Asset Management Inc. (NYSE:APAM). Moreover, Invesco has 0% invested in Artisan Partners Asset Management Inc. (NYSE:APAM). The Pennsylvania-based Sei Invests Com has invested 0.03% in Artisan Partners Asset Management Inc. (NYSE:APAM). Voya Mgmt Limited Company holds 0% or 25,418 shares. Barclays Public Limited holds 6,851 shares or 0% of its portfolio. Stifel Fin reported 64,404 shares. Dimensional Fund Advsrs Limited Partnership has 1.03 million shares. Renaissance Techs Ltd accumulated 0.01% or 214,800 shares. Shine Advisory Inc stated it has 0% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM). Fdx Advsr holds 21,515 shares or 0.02% of its portfolio. Employees Retirement System Of Ohio reported 55,601 shares. Guggenheim Ltd Liability Co accumulated 50,979 shares or 0% of the stock. Northwestern Mutual Wealth Mngmt stated it has 153 shares. First Republic Management reported 14,528 shares stake.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $3.25 billion. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It has a 6.48 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

Among 30 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 7 Sell and 21 Hold. Therefore 7% are positive. Bed Bath & Beyond had 68 analyst reports since September 21, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Hold” rating in Wednesday, September 20 report. Standpoint Research upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, January 15 to “Buy” rating. As per Thursday, June 23, the company rating was maintained by Credit Suisse. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, September 25. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Hold” rating given on Friday, June 23 by BTIG Research. The firm earned “Hold” rating on Friday, May 12 by Loop Capital. On Friday, June 23 the stock rating was maintained by Oppenheimer with “Hold”. The rating was maintained by Credit Suisse on Friday, December 18 with “Neutral”. The rating was maintained by UBS on Thursday, September 22 with “Neutral”. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Sell” rating given on Thursday, December 21 by Citigroup.

Investors sentiment increased to 0.81 in 2017 Q3. Its up 0.06, from 0.75 in 2017Q2. It improved, as 84 investors sold Bed Bath & Beyond Inc. shares while 103 reduced holdings. 39 funds opened positions while 113 raised stakes. 129.74 million shares or 2.88% less from 133.60 million shares in 2017Q2 were reported. The Australia-based Amp Investors Ltd has invested 0.03% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). The New York-based American Grp Inc has invested 0.02% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Proshare Advisors Ltd Llc has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Spark Inv Management Lc holds 0.52% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 417,200 shares. The California-based Aimz Investment Ltd Liability has invested 1.02% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Hl Fincl Lc has 84,699 shares. Prelude Cap Management Limited Liability Corp holds 6,800 shares. Ameriprise Financial invested in 420,494 shares. Mitsubishi Ufj And Bk Corp invested in 0.01% or 309,528 shares. Cadence Capital Mngmt Ltd Liability Co owns 0.03% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 21,983 shares. Integral Derivatives Limited Liability Com holds 0.01% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 27,042 shares. Verition Fund Management Lc stated it has 27,194 shares or 0.05% of all its holdings. Royal Retail Bank Of Canada has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). 54,200 were accumulated by State Treasurer State Of Michigan. Sentinel Trust Lba stated it has 0.61% in Bed Bath & Beyond Inc. (NASDAQ:BBBY).

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