Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Investment analysts at Wedbush issued their Q1 2018 earnings per share estimates for shares of Bed Bath & Beyond in a research report issued on Thursday. Wedbush analyst S. Basham expects that the firm will earn $0.82 per share for the quarter. Wedbush has a “Neutral” rating and a $42.00 price target on the stock. Wedbush also issued estimates for Bed Bath & Beyond’s Q2 2018 earnings at $1.20 EPS, Q3 2018 earnings at $1.02 EPS and Q4 2018 earnings at $2.01 EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by $0.56. Bed Bath & Beyond had a net margin of 6.66% and a return on equity of 31.15%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $901.50 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

Several other research firms have also commented on BBBY. Vetr raised shares of Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. BTIG Research assumed coverage on shares of Bed Bath & Beyond in a research report on Wednesday, June 1st. They set a “neutral” rating for the company. Credit Suisse Group AG assumed coverage on shares of Bed Bath & Beyond in a research report on Monday, July 18th. They set a “neutral” rating and a $41.00 price target for the company. Finally, KeyCorp reaffirmed an “underweight” rating on shares of Bed Bath & Beyond in a research report on Saturday, June 25th. Eight equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $50.20.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.14% during midday trading on Monday, reaching $43.11. 3,330,924 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $44.93 and its 200 day moving average price is $45.70. Bed Bath & Beyond has a one year low of $41.15 and a one year high of $61.90. The firm has a market capitalization of $6.51 billion, a PE ratio of 8.60 and a beta of 0.72.

Institutional investors have recently made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. raised its position in shares of Bed Bath & Beyond by 103.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,304 shares of the retailer’s stock valued at $100,000 after buying an additional 1,172 shares in the last quarter. Creative Planning raised its position in shares of Bed Bath & Beyond by 1.2% in the second quarter. Creative Planning now owns 2,585 shares of the retailer’s stock valued at $112,000 after buying an additional 30 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $124,000. Tower Research Capital LLC TRC raised its position in shares of Bed Bath & Beyond by 798.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,137 shares of the retailer’s stock valued at $135,000 after buying an additional 2,788 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its position in shares of Bed Bath & Beyond by 31.1% in the second quarter. Evercore Wealth Management LLC now owns 3,830 shares of the retailer’s stock valued at $165,000 after buying an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

In other news, COO Eugene A. Castagna sold 17,866 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $45.86, for a total transaction of $819,334.76. Following the transaction, the chief operating officer now owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.70% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. Bed Bath & Beyond’s dividend payout ratio is currently 9.98%.

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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