Bed Bath & Beyond (NASDAQ:BBBY) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of about $3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.12.
A number of brokerages have recently commented on BBBY. BidaskClub cut shares of Bed Bath & Beyond from a hold rating to a sell rating in a report on Saturday, January 6th. Loop Capital set a $23.00 price target on Bed Bath & Beyond and gave the stock a hold rating in a research report on Thursday, January 4th. ValuEngine lowered Bed Bath & Beyond from a strong-buy rating to a buy rating in a research report on Sunday, December 31st. Wedbush set a $23.00 price target on Bed Bath & Beyond and gave the stock a hold rating in a research report on Wednesday, December 27th. Finally, Morgan Stanley set a $22.00 price target on Bed Bath & Beyond and gave the stock a sell rating in a research report on Wednesday, December 27th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $26.24.
Bed Bath & Beyond (BBBY) traded up $0.87 during mid-day trading on Friday, reaching $22.86. The company’s stock had a trading volume of 4,932,239 shares, compared to its average volume of 4,462,633. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $41.98. 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 company has a market cap of $3,270.00, a P/E ratio of 6.57, a price-to-earnings-growth ratio of -3.55 and a beta of 1.09.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts predict that Bed Bath & Beyond will post 3 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.60 annualized dividend and a yield of 2.62%. Bed Bath & Beyond’s payout ratio is 17.24%.
In other Bed Bath & Beyond news, VP Matthew Fiorilli sold 16,957 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the transaction, the vice president now directly owns 97,419 shares in the company, 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. Corporate insiders own 5.00% of the company’s stock.
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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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