Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) have received an average rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.56.

Several research firms recently commented on BBBY. Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 target price on shares of Bed Bath & Beyond in a report on Thursday, July 27th. BidaskClub raised shares of Bed Bath & Beyond from a “strong sell” rating to a “sell” rating in a 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 target price on the stock in a report on Thursday, September 14th. 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. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 target price (down previously from $28.00) on shares of Bed Bath & Beyond in a report on Monday, September 18th.

Bed Bath & Beyond (NASDAQ BBBY) opened at $21.06 on Thursday. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. Bed Bath & Beyond has a twelve month low of $19.07 and a twelve month high of $48.83. The company has a market cap of $2,964.97, a price-to-earnings ratio of 5.04 and a beta of 1.04.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $1.11 EPS. Bed Bath & Beyond’s revenue for the quarter was down 1.7% on a year-over-year basis. research analysts forecast that Bed Bath & Beyond will post 2.98 earnings per share for the current year.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of BBBY. Ffcm LLC lifted its position in Bed Bath & Beyond by 2,958.6% during the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after acquiring an additional 4,290 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in Bed Bath & Beyond by 928.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock valued at $117,000 after acquiring an additional 3,463 shares during the period. First Quadrant L P CA purchased a new position in Bed Bath & Beyond during the 2nd quarter valued at about $141,000. Psagot Investment House Ltd. purchased a new position in Bed Bath & Beyond during the 3rd quarter valued at about $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Bed Bath & Beyond during the 3rd quarter valued at about $222,000. 93.27% of the stock is owned by institutional investors.

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).

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

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