A number of other equities analysts have also commented on BBBY. BTIG Research began coverage on Bed Bath & Beyond in a research note on Wednesday, June 1st. They issued a neutral rating on the stock. Robert W. Baird reaffirmed a neutral rating and set a $45.00 price target (down previously from $51.00) on shares of Bed Bath & Beyond in a research note on Monday, June 27th. Vetr lowered Bed Bath & Beyond from a buy rating to a hold rating and set a $44.99 price target on the stock. in a research note on Monday, July 18th. Barclays PLC started coverage on Bed Bath & Beyond in a research note on Thursday, June 23rd. They set a hold rating on the stock. Finally, Credit Suisse Group AG started coverage on Bed Bath & Beyond in a research note on Wednesday, June 15th. They set a hold rating on the stock. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Bed Bath & Beyond currently has a consensus rating of Hold and an average price target of $48.65.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 42.21 on Thursday. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 8.56 and a beta of 0.72. The firm’s 50-day moving average price is $44.83 and its 200-day moving average price is $45.47. Bed Bath & Beyond has a 12 month low of $41.15 and a 12 month high of $61.49.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, September 21st. The retailer reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by $0.05. The business earned $2.99 billion during the quarter. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. On average, equities analysts anticipate that Bed Bath & Beyond will post $4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 10.18%.
In other news, COO Eugene A. Castagna sold 17,866 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.86, for a total transaction of $819,334.76. Following the transaction, the chief operating officer now owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in BBBY. Norges Bank purchased a new position in shares of Bed Bath & Beyond during the fourth quarter worth $88,509,000. Bank of Montreal Can bought a new position in Bed Bath & Beyond during the second quarter worth approximately $57,209,000. Kovitz Investment Group Partners LLC bought a new position in Bed Bath & Beyond during the first quarter worth approximately $43,119,000. FMR LLC raised its position in Bed Bath & Beyond by 7.6% in the second quarter. FMR LLC now owns 12,156,947 shares of the retailer’s stock worth $525,423,000 after buying an additional 860,235 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Bed Bath & Beyond by 10.3% in the second quarter. JPMorgan Chase & Co. now owns 6,749,160 shares of the retailer’s stock worth $291,699,000 after buying an additional 630,285 shares during the period. Institutional investors own 95.16% of the company’s stock.
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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