Bed Bath & Beyond Inc. (BBBY) Receives Consensus Rating of “Hold” from Brokerages

Bed Bath & Beyond Inc. (NASDAQ:BBBY) has earned an average rating of “Hold” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.86.

A number of equities analysts recently weighed in on BBBY shares. Standpoint Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. BidaskClub upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wedbush set a $18.00 price objective on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, September 13th. Finally, Raymond James upgraded Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research report on Monday, September 17th.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBBY. BlackRock Inc. raised its stake in shares of Bed Bath & Beyond by 28.0% during the 2nd quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock worth $317,003,000 after purchasing an additional 3,478,265 shares in the last quarter. FMR LLC raised its stake in shares of Bed Bath & Beyond by 4.2% during the 3rd quarter. FMR LLC now owns 14,451,051 shares of the retailer’s stock worth $216,766,000 after purchasing an additional 582,329 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bed Bath & Beyond by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,346,235 shares of the retailer’s stock worth $185,193,000 after purchasing an additional 138,648 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bed Bath & Beyond by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,941,842 shares of the retailer’s stock worth $149,127,000 after purchasing an additional 278,489 shares in the last quarter. Finally, Contrarius Investment Management Ltd raised its stake in shares of Bed Bath & Beyond by 4.1% during the 2nd quarter. Contrarius Investment Management Ltd now owns 6,596,392 shares of the retailer’s stock worth $131,433,000 after purchasing an additional 259,348 shares in the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.

NASDAQ:BBBY opened at $12.88 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 0.60. Bed Bath & Beyond has a 1-year low of $11.99 and a 1-year high of $24.74. The firm has a market capitalization of $1.78 billion, a P/E ratio of 4.13, a P/E/G ratio of 6.41 and a beta of 0.94.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, September 26th. The retailer reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.13). Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business earned $0.77 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts expect that Bed Bath & Beyond will post 2.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 4.97%. Bed Bath & Beyond’s payout ratio is presently 20.51%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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