Brokerages expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to announce sales of $2.90 billion for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Bed Bath & Beyond’s earnings, with the lowest sales estimate coming in at $2.88 billion and the highest estimate coming in at $2.93 billion. Bed Bath & Beyond posted sales of $2.96 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2%. The company is scheduled to report its next quarterly earnings report on Wednesday, December 20th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year sales of $2.90 billion for the current financial year, with estimates ranging from $12.20 billion to $12.29 billion. For the next fiscal year, analysts expect that the business will report sales of $12.01 billion per share, with estimates ranging from $11.84 billion to $12.23 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.11 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis.

BBBY has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, September 5th. UBS AG reaffirmed a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Bed Bath & Beyond in a report on Thursday, September 14th. Telsey Advisory Group reduced their target price on shares of Bed Bath & Beyond from $32.00 to $21.00 and set a “market perform” rating on the stock in a report on Wednesday, September 20th. BidaskClub lowered shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price (down previously from $34.00) on shares of Bed Bath & Beyond in a report on Thursday, September 21st. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.12.

Shares of Bed Bath & Beyond (BBBY) traded up 1.47% during mid-day trading on Tuesday, reaching $21.37. 2,266,699 shares of the company’s stock were exchanged. The firm has a market cap of $2.97 billion, a P/E ratio of 5.46 and a beta of 1.11. Bed Bath & Beyond has a 52-week low of $20.93 and a 52-week high of $48.83. The company has a 50 day moving average price of $24.17 and a 200 day moving average price of $30.72.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.85%. Bed Bath & Beyond’s dividend payout ratio is 15.42%.

Several large investors have recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of Bed Bath & Beyond by 0.3% in the 1st quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock worth $417,000 after purchasing an additional 32 shares during the period. Fairbanks Capital Management Inc. lifted its position in shares of Bed Bath & Beyond by 1.7% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock worth $512,000 after purchasing an additional 285 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Bed Bath & Beyond by 1.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 22,870 shares of the retailer’s stock worth $902,000 after purchasing an additional 370 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its position in shares of Bed Bath & Beyond by 0.6% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 66,075 shares of the retailer’s stock worth $2,009,000 after purchasing an additional 425 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. lifted its position in shares of Bed Bath & Beyond by 0.7% in the 2nd quarter. Gargoyle Investment Advisor L.L.C. now owns 64,346 shares of the retailer’s stock worth $1,956,000 after purchasing an additional 425 shares during the period. 93.41% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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