Bed Bath & Beyond Inc. (NASDAQ:BBBY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.38 and last traded at $13.41, with a volume of 225319 shares changing hands. The stock had previously closed at $13.73.
A number of equities research analysts have recently issued reports on BBBY shares. BidaskClub downgraded shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Credit Suisse Group set a $20.00 price objective on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Friday, June 29th. Standpoint Research downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Wedbush set a $18.00 price objective on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, September 13th. Ten research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.07.
The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 0.60. The stock has a market capitalization of $2.10 billion, a PE ratio of 4.37, a P/E/G ratio of 7.43 and a beta of 0.96.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, September 26th. The retailer reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.96 billion. Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. As a group, research analysts forecast that Bed Bath & Beyond Inc. will post 2.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.64 annualized dividend and a yield of 4.78%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 20.51%.
Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. raised its holdings in Bed Bath & Beyond by 611.5% in the 2nd quarter. Whittier Trust Co. now owns 4,326 shares of the retailer’s stock valued at $248,000 after acquiring an additional 3,718 shares during the last quarter. Signaturefd LLC raised its holdings in Bed Bath & Beyond by 124.8% in the 2nd quarter. Signaturefd LLC now owns 5,930 shares of the retailer’s stock valued at $118,000 after acquiring an additional 3,292 shares during the last quarter. Trilogy Capital Inc. acquired a new position in Bed Bath & Beyond in the 1st quarter valued at $127,000. Asset Management One Co. Ltd. raised its holdings in Bed Bath & Beyond by 143.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 8,440 shares of the retailer’s stock valued at $177,000 after acquiring an additional 4,980 shares during the last quarter. Finally, Ardsley Advisory Partners acquired a new position in Bed Bath & Beyond in the 2nd quarter valued at $199,000. Institutional investors own 93.17% of the company’s stock.
Bed Bath & Beyond Company Profile (NASDAQ:BBBY)
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 various juvenile products.
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