News headlines about Bed Bath & Beyond (NASDAQ:BBBY) have been trending somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bed Bath & Beyond earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the retailer an impact score of 46.8569701356811 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
Shares of Bed Bath & Beyond (NASDAQ BBBY) opened at $22.82 on Friday. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $41.98. 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 stock has a market cap of $3,131.66, a P/E ratio of 6.56, a PEG ratio of -3.66 and a beta of 1.09.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts forecast that Bed Bath & Beyond will post 3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.60 annualized dividend and a yield of 2.63%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 17.24%.
BBBY has been the topic of a number of research reports. Loop Capital set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Thursday, January 4th. ValuEngine lowered shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. KeyCorp reissued 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. Moffett Nathanson began coverage on shares of Bed Bath & Beyond in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.24.
In related news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction that occurred on Friday, December 28th. The shares were 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 in the company, valued at approximately $2,203,617.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by company 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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