Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have been given an average rating of “Hold” by the twenty-five research firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.81.
A number of brokerages recently weighed in on BBBY. KeyCorp reaffirmed an “underweight” rating and issued a $21.00 target price (down from $27.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Barclays reaffirmed an “equal weight” rating and issued a $30.00 target price (down from $40.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Loop Capital reaffirmed a “hold” rating and issued a $23.00 target price (down from $35.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $25.00 target price (down from $33.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Finally, Deutsche Bank reduced their target price on shares of Bed Bath & Beyond to $21.00 and set a “hold” rating for the company in a research note on Wednesday, September 20th.
In other news, VP Matthew Fiorilli sold 16,957 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $22.62, for a total transaction of $383,567.34. Following the completion of the transaction, the vice president now directly owns 97,419 shares in the company, valued at approximately $2,203,617.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.00% of the company’s stock.
A number of large investors have recently modified their holdings of BBBY. Ffcm LLC lifted its stake in Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after purchasing an additional 4,290 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in Bed Bath & Beyond in the 3rd quarter valued at about $217,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Bed Bath & Beyond in the 3rd quarter valued at about $222,000. Oldfield Partners LLP lifted its stake in Bed Bath & Beyond by 381.8% in the 3rd quarter. Oldfield Partners LLP now owns 10,600 shares of the retailer’s stock valued at $249,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Bed Bath & Beyond in the 2nd quarter valued at about $251,000. Institutional investors and hedge funds own 94.20% of the company’s stock.
Bed Bath & Beyond (NASDAQ BBBY) opened at $21.99 on Friday. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 6.32, a P/E/G ratio of -3.55 and a beta of 1.09. 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 has a one year low of $19.07 and a one year high of $41.98.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. analysts predict that Bed Bath & Beyond will post 3 earnings per share for the current 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 paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. Bed Bath & Beyond’s dividend payout ratio is 17.24%.
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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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