Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Stock analysts at KeyCorp lowered their Q3 2018 earnings per share estimates for Bed Bath & Beyond in a research note issued to investors on Tuesday. KeyCorp analyst B. Thomas now expects that the retailer will earn $0.36 per share for the quarter, down from their prior forecast of $0.38. KeyCorp currently has a “Underweight” rating and a $17.00 target price on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $2.98 EPS and FY2019 earnings at $2.60 EPS.

Several other research firms have also issued reports on BBBY. Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 price target on shares of Bed Bath & Beyond in a research report on Thursday, July 27th. BidaskClub raised shares of Bed Bath & Beyond from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, September 14th. UBS AG reissued a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $23.00 price objective (down from $28.00) on shares of Bed Bath & Beyond in a research report on Monday, September 18th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.88.

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Bed Bath & Beyond (NASDAQ BBBY) traded up $0.49 during midday trading on Friday, reaching $21.02. 4,801,347 shares of the company’s stock traded hands, compared to its average volume of 3,228,560. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $48.83. The company has a market capitalization of $2,940.00, a price-to-earnings ratio of 5.03 and a beta of 1.04.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the company posted $1.11 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fairbanks Capital Management Inc. boosted its stake 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 valued at $512,000 after purchasing an additional 285 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Bed Bath & Beyond by 0.6% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 66,075 shares of the retailer’s stock valued at $2,009,000 after buying an additional 425 shares during the last quarter. Gargoyle Investment Advisor L.L.C. raised its holdings in 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 valued at $1,956,000 after buying an additional 425 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Bed Bath & Beyond by 3.4% in the 2nd quarter. Pacer Advisors Inc. now owns 23,286 shares of the retailer’s stock valued at $708,000 after buying an additional 757 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Bed Bath & Beyond by 4.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 23,466 shares of the retailer’s stock valued at $713,000 after buying an additional 915 shares during the last quarter. Institutional investors own 91.78% 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).

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

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