Bed Bath & Beyond Inc. (NASDAQ:BBBY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, June 2nd.

Several other equities research analysts have also recently weighed in on the company. Argus reduced their price objective on Bed Bath & Beyond from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Loop Capital reissued a “sell” rating and issued a $35.00 price objective on shares of Bed Bath & Beyond in a research report on Thursday, March 30th. Citigroup Inc. reduced their price objective on Bed Bath & Beyond from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Friday, April 7th. Zacks Investment Research raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Finally, Wedbush reduced their price objective on Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 6th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.87.

Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) traded up 2.38% during mid-day trading on Friday, reaching $36.49. 4,907,430 shares of the company traded hands. Bed Bath & Beyond has a 52-week low of $33.63 and a 52-week high of $48.83. The company has a market capitalization of $5.21 billion, a P/E ratio of 7.97 and a beta of 1.01. The stock has a 50 day moving average price of $36.27 and a 200-day moving average price of $39.94.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Wednesday, April 5th. The retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.77 by $0.07. Bed Bath & Beyond had a return on equity of 26.26% and a net margin of 5.61%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts expect that Bed Bath & Beyond will post $4.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 10.87%.

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In other Bed Bath & Beyond news, CEO Steven H. Temares sold 96,109 shares of Bed Bath & Beyond stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $37.37, for a total transaction of $3,591,593.33. Following the completion of the transaction, the chief executive officer now directly owns 629,415 shares of the company’s stock, valued at $23,521,238.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven H. Temares sold 200,000 shares of Bed Bath & Beyond stock in a transaction on Friday, April 21st. The shares were sold at an average price of $39.83, for a total value of $7,966,000.00. Following the transaction, the chief executive officer now directly owns 603,515 shares of the company’s stock, valued at $24,038,002.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 349,706 shares of company stock valued at $13,679,409. Company insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BBBY. Quantbot Technologies LP bought a new position in shares of Bed Bath & Beyond during the first quarter worth about $106,000. Cutler Group LP boosted its position in shares of Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock worth $115,000 after buying an additional 8,027 shares during the last quarter. First Manhattan Co. boosted its position in shares of Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock worth $127,000 after buying an additional 500 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock worth $127,000 after buying an additional 440 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Bed Bath & Beyond during the first quarter worth about $146,000. 92.67% of the stock is owned by institutional investors.

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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