Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, December 16th will be given a dividend of 0.125 per share by the retailer on Tuesday, January 17th. This represents a $0.50 annualized dividend and a yield of 1.16%.

Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.14% on Wednesday, hitting $43.11. The stock had a trading volume of 3,337,603 shares. Bed Bath & Beyond has a 52-week low of $41.15 and a 52-week high of $61.90. The stock’s 50-day moving average is $44.93 and its 200-day moving average is $45.70. The company has a market cap of $6.51 billion, a P/E ratio of 8.60 and a beta of 0.72.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.67 by $0.56. The firm earned $2.99 billion during the quarter, compared to the consensus estimate of $901.50 million. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Analysts expect that Bed Bath & Beyond will post $4.83 earnings per share for the current year.

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Several analysts have issued reports on the company. Credit Suisse Group AG dropped their price objective on Bed Bath & Beyond from $46.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Wedbush restated a “neutral” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Bed Bath & Beyond in a research note on Saturday, June 25th. Nomura restated a “hold” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Finally, Longbow Research assumed coverage on Bed Bath & Beyond in a research note on Thursday, June 16th. They issued a “neutral” rating on the stock. Eight analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.20.

In related news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $45.86, for a total value of $819,334.76. Following the completion of the transaction, the chief operating officer now directly owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cibc World Markets Corp raised its position in shares of Bed Bath & Beyond by 6.0% in the second quarter. Cibc World Markets Corp now owns 10,400 shares of the retailer’s stock valued at $449,000 after buying an additional 591 shares during the period. Scotia Capital Inc. bought a new position in shares of Bed Bath & Beyond during the second quarter valued at about $311,000. State of Wisconsin Investment Board bought a new position in shares of Bed Bath & Beyond during the second quarter valued at about $4,287,000. Sei Investments Co. raised its position in shares of Bed Bath & Beyond by 63.2% in the second quarter. Sei Investments Co. now owns 28,739 shares of the retailer’s stock valued at $1,242,000 after buying an additional 11,126 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Bed Bath & Beyond by 8.9% in the second quarter. Public Sector Pension Investment Board now owns 29,316 shares of the retailer’s stock valued at $1,267,000 after buying an additional 2,400 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).

5 Day Chart for NASDAQ:BBBY

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