Bed Bath & Beyond's loss narrowed in its latest quarter and the retailer said it expects revenue growth next year. Shares rose in after-hours trading.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) is poised to continue its turnaround, according to Wedbush analysts, who reiterated an ‘Outperform' rating on the retailer with a 12-month price target of $13. Shares of Bed Bath & Beyond traded hands at $8.50 on Tuesday, having gained more than 72% so far this year.

Today, Bed Bath & Beyond will be trading on the New York Stock Exchange under its former ticker symbol BBBY.

The mean of analysts' price targets for Beyond (BYON) points to a 59.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The old Beyond Inc., newly resurrected as Bed Bath & Beyond, is starting to open new stores, but executive chairman Marcus Lemonis announced that the company will steer clear of California because he considers the state too costly to operate in profitably, according to a company statement.

Marcus Lemonis, executive chairman of Bed Bath & Beyond, said the decision “isn't about politics – it's about reality.”

Executive Chairman Marcus Lemonis tells ‘The Big Money Show' that Bed Bath & Beyond will relaunch 300 stores nationwide — excluding California — while blasting high costs, strict regulations, and weak crime enforcement.

MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON) has issued the following statement from Marcus Lemonis, Executive Chairman of Bed Bath & Beyond: We will not open or operate retail stores in California. This decision isn't about politics — it's about reality. California has created one of the most overregulated, expensive, and risky environments for businesses in America. It's a system that makes it harder to employ people, harder to keep doors open, and harder to deliver value to cu.

Here is how Beyond (BYON) and Prosus N.V. Sponsored ADR (PROSY) have performed compared to their sector so far this year.

MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. renaming to Bed, Bath & Beyond and changing ticker symbol to BBBY.