Bed Bath & Beyond (NASDAQ:BBBY) had its target price lowered by KeyCorp from $21.00 to $17.00 in a research report sent to investors on Wednesday, November 15th, MarketBeat.com reports. KeyCorp currently has an underweight rating on the retailer’s stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $2.98 EPS and FY2019 earnings at $2.60 EPS.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Bed Bath & Beyond from a hold rating to a buy rating and set a $31.00 target price for the company in a research note on Tuesday, September 5th. ValuEngine upgraded Bed Bath & Beyond from a hold rating to a buy rating in a research note on Monday, October 2nd. Barclays reaffirmed an equal weight rating and set a $30.00 price target (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Jefferies Group reaffirmed a hold rating and set a $34.00 price target on shares of Bed Bath & Beyond in a research report on Thursday, July 27th. Finally, Loop Capital reissued a hold rating and issued a $23.00 target price (down previously from $35.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. Bed Bath & Beyond currently has an average rating of Hold and an average price target of $27.88.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded up $1.98 during mid-day trading on Wednesday, reaching $24.40. The company’s stock had a trading volume of 9,833,372 shares, compared to its average volume of 3,359,382. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3,500.00, a price-to-earnings ratio of 5.58 and a beta of 1.10. Bed Bath & Beyond has a 12 month low of $19.07 and a 12 month high of $48.83.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. equities research analysts predict that Bed Bath & Beyond will post 2.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.46%. Bed Bath & Beyond’s payout ratio is currently 15.42%.
Large investors have recently made changes to their positions in the business. Quinn Opportunity Partners LLC boosted its holdings in Bed Bath & Beyond by 15.3% in the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after purchasing an additional 10,000 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Bed Bath & Beyond by 59.4% during the 3rd quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock worth $392,000 after buying an additional 6,217 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Bed Bath & Beyond by 9.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock worth $5,233,000 after buying an additional 14,236 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Bed Bath & Beyond by 1.7% in the 2nd quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock worth $16,635,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter worth approximately $1,096,000. Institutional investors own 91.59% of the company’s stock.
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Bed Bath & Beyond Company Profile
Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).
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