Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have been given an average rating of “Hold” by the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.44.
A number of analysts have recently weighed in on the company. BidaskClub lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Telsey Advisory Group raised Bed Bath & Beyond from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Thursday, October 10th. ValuEngine lowered Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. Bank of America set a $20.00 price target on Bed Bath & Beyond and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Bed Bath & Beyond in a research note on Thursday, October 10th.
Shares of NASDAQ:BBBY traded down $0.30 during trading on Monday, reaching $12.50. 4,301,300 shares of the company traded hands, compared to its average volume of 7,248,002. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 7.40 and a beta of 1.30. Bed Bath & Beyond has a 52-week low of $7.31 and a 52-week high of $19.57. The company has a current ratio of 1.46, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The business’s fifty day moving average is $12.91 and its 200-day moving average is $11.59.
Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, October 2nd. The retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, sell-side analysts predict that Bed Bath & Beyond will post 1.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Thursday, December 12th. Bed Bath & Beyond’s payout ratio is 33.17%.
A number of hedge funds have recently made changes to their positions in BBBY. Quadrant Capital Group LLC raised its holdings in Bed Bath & Beyond by 124.4% in the third quarter. Quadrant Capital Group LLC now owns 2,942 shares of the retailer’s stock worth $30,000 after purchasing an additional 1,631 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Bed Bath & Beyond by 7,607.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,083 shares of the retailer’s stock worth $32,000 after purchasing an additional 3,043 shares in the last quarter. Winthrop Partners WNY LLC bought a new position in Bed Bath & Beyond in the third quarter worth $43,000. Benjamin F. Edwards & Company Inc. raised its holdings in Bed Bath & Beyond by 28.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,165 shares of the retailer’s stock worth $55,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Anderson Fisher LLC bought a new position in Bed Bath & Beyond in the second quarter worth $82,000.
About Bed Bath & Beyond
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. 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 various juvenile products.
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