TheStreet cut shares of Bed Bath & Beyond (NASDAQ:BBBY) from a c rating to a d+ rating in a research report sent to investors on Wednesday, December 20th.
BBBY has been the subject of a number of other research reports. Zacks Investment Research upgraded Bed Bath & Beyond from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Thursday, September 14th. UBS Group reaffirmed a neutral rating and set a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Robert W. Baird reaffirmed a neutral rating and set a $23.00 price target (down from $28.00) on shares of Bed Bath & Beyond in a research report on Monday, September 18th. ValuEngine downgraded Bed Bath & Beyond from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Bed Bath & Beyond from a sell rating to a strong sell rating in a research report on Thursday, August 24th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $26.24.
Bed Bath & Beyond (NASDAQ BBBY) opened at $22.82 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3,131.66, a P/E ratio of 6.56, a P/E/G ratio of -3.66 and a beta of 1.09. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $41.98.
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, topping analysts’ consensus estimates of $0.37 by $0.07. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. Bed Bath & Beyond’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. analysts expect that Bed Bath & Beyond will post 3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 17.24%.
In other Bed Bath & Beyond news, VP Matthew Fiorilli sold 16,957 shares of the firm’s 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 transaction, the vice president now directly owns 97,419 shares of the company’s stock, valued at approximately $2,203,617.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Bed Bath & Beyond by 9.9% during the 2nd quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after buying an additional 1,330,077 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bed Bath & Beyond by 4.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,795,363 shares of the retailer’s stock valued at $206,427,000 after buying an additional 339,594 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bed Bath & Beyond by 64.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock valued at $80,364,000 after buying an additional 1,336,053 shares during the period. Renaissance Technologies LLC acquired a new stake in Bed Bath & Beyond in the 2nd quarter valued at approximately $68,548,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Bed Bath & Beyond by 36.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,976,651 shares of the retailer’s stock valued at $60,090,000 after purchasing an additional 531,677 shares during the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.
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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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