Bed Bath & Beyond (NASDAQ:BBBY) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of about $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.12.
Several analysts have recently commented on the company. Loop Capital set a $23.00 price target on Bed Bath & Beyond and gave the company a hold rating in a report on Thursday, January 4th. ValuEngine raised Bed Bath & Beyond from a hold rating to a buy rating in a report on Monday, October 2nd. BidaskClub cut Bed Bath & Beyond from a hold rating to a sell rating in a report on Saturday, January 6th. Barclays reaffirmed an equal weight rating and set a $30.00 price objective (down from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Finally, Wedbush set a $23.00 price objective on Bed Bath & Beyond and gave the stock a hold rating in a report on Wednesday, December 27th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. Bed Bath & Beyond currently has an average rating of Hold and a consensus target price of $26.24.
Bed Bath & Beyond (BBBY) opened at $21.99 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3,150.00, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of -3.55 and a beta of 1.09. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $41.98.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. sell-side analysts forecast that Bed Bath & Beyond will post 3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio is currently 17.24%.
In other news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction on Friday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the sale, the vice president now owns 97,419 shares of the company’s stock, valued at $2,203,617.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.00% of the stock is owned by insiders.
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About Bed Bath & Beyond
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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