Bed Bath & Beyond (BBBY) to Post Q1 2019 Earnings of $0.33 Per Share, KeyCorp Forecasts

Bed Bath & Beyond (NASDAQ:BBBY) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Bed Bath & Beyond in a research note issued to investors on Wednesday, April 11th. KeyCorp analyst B. Thomas forecasts that the retailer will earn $0.33 per share for the quarter. KeyCorp has a “Underweight” rating and a $16.00 price target on the stock.

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Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, April 11th. The retailer reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.07. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.68 billion. Bed Bath & Beyond had a net margin of 3.44% and a return on equity of 16.45%. Bed Bath & Beyond’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research note on Monday. BidaskClub cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Wedbush cut their target price on shares of Bed Bath & Beyond from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 12th. UBS cut shares of Bed Bath & Beyond to an “underperform” rating in a research note on Thursday, April 12th. Finally, Raymond James Financial cut shares of Bed Bath & Beyond from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 12th. Eleven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.00.

NASDAQ:BBBY opened at $17.49 on Monday. The firm has a market cap of $2,427.81, a P/E ratio of 5.61, a P/E/G ratio of -3.76 and a beta of 1.00. Bed Bath & Beyond has a one year low of $17.19 and a one year high of $40.33. The company has a quick ratio of 0.57, a current ratio of 1.83 and a debt-to-equity ratio of 0.52.

Several hedge funds have recently made changes to their positions in BBBY. Ameriprise Financial Inc. raised its stake in shares of Bed Bath & Beyond by 507.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 420,494 shares of the retailer’s stock valued at $9,874,000 after buying an additional 351,316 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bed Bath & Beyond by 64.0% in 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 in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Bed Bath & Beyond by 19.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 294,593 shares of the retailer’s stock valued at $6,914,000 after buying an additional 48,166 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Bed Bath & Beyond in the 3rd quarter valued at $988,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Bed Bath & Beyond by 27.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock valued at $388,000 after buying an additional 3,552 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Friday, June 15th will be paid a $0.16 dividend. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.66%. Bed Bath & Beyond’s dividend payout ratio is currently 19.23%.

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Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products.

Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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