Bed Bath & Beyond (NASDAQ:BBBY) had its price target decreased by KeyCorp from $17.00 to $16.00 in a report released on Thursday. KeyCorp currently has an underweight rating on the retailer’s stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.00 EPS.
Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Bed Bath & Beyond from a strong-buy rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research raised Bed Bath & Beyond from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Tuesday, February 20th. TheStreet downgraded Bed Bath & Beyond from a c rating to a d+ rating in a report on Wednesday, December 20th. Barclays lowered their price target on Bed Bath & Beyond from $30.00 to $25.00 and set an equal weight rating for the company in a report on Thursday, December 21st. Finally, Loop Capital set a $23.00 price target on Bed Bath & Beyond and gave the stock a hold rating in a report on Thursday, January 4th. Eleven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $23.29.
BBBY stock traded up $0.10 during trading on Thursday, reaching $17.31. 5,107,237 shares of the company traded hands, compared to its average volume of 4,020,017. Bed Bath & Beyond has a 12 month low of $17.19 and a 12 month high of $40.33. The company has a market cap of $3,061.88, a P/E ratio of 5.52, a PEG ratio of -3.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, April 11th. The retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.68 billion. Bed Bath & Beyond had a return on equity of 16.72% and a net margin of 3.44%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. analysts anticipate that Bed Bath & Beyond will post 2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Friday, June 15th will be issued a dividend of $0.16 per share. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.70%. Bed Bath & Beyond’s payout ratio is 19.23%.
Several institutional investors have recently added to or reduced their stakes in BBBY. Ameriprise Financial Inc. lifted its holdings in shares of Bed Bath & Beyond by 507.8% during the third quarter. Ameriprise Financial Inc. now owns 420,494 shares of the retailer’s stock worth $9,874,000 after purchasing an additional 351,316 shares during the period. Dimensional Fund Advisors LP raised its position in Bed Bath & Beyond by 64.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock valued at $80,364,000 after acquiring an additional 1,336,053 shares in the last quarter. AMP Capital Investors Ltd raised its position in Bed Bath & Beyond by 84.2% during the third quarter. AMP Capital Investors Ltd now owns 193,125 shares of the retailer’s stock valued at $4,532,000 after acquiring an additional 88,308 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Bed Bath & Beyond by 19.5% during the third quarter. Asset Management One Co. Ltd. now owns 294,593 shares of the retailer’s stock valued at $6,914,000 after acquiring an additional 48,166 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its position in Bed Bath & Beyond by 10.6% during the third quarter. Vident Investment Advisory LLC now owns 55,815 shares of the retailer’s stock valued at $1,310,000 after acquiring an additional 5,348 shares in the last quarter. 91.37% of the stock is owned by hedge funds and other institutional investors.
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 juvenile products.
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