Bed Bath & Beyond Inc. (NASDAQ:BBBY) issued its earnings results on Wednesday. The retailer reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.05. Bed Bath & Beyond had a net margin of 6.66% and a return on equity of 31.15%. The business had revenue of $2.99 billion for the quarter. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 43.43 on Friday. The firm’s 50-day moving average is $44.90 and its 200 day moving average is $45.67. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 8.66 and a beta of 0.72. Bed Bath & Beyond has a 52-week low of $41.15 and a 52-week high of $61.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 16th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.15%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 9.98%.

BBBY has been the topic of several recent research reports. Barclays PLC reiterated an “equal weight” rating and set a $50.00 target price on shares of Bed Bath & Beyond in a research report on Wednesday, June 15th. Credit Suisse Group AG initiated coverage on shares of Bed Bath & Beyond in a research report on Wednesday, June 15th. They set a “hold” rating on the stock. Jefferies Group reiterated a “hold” rating and set a $45.00 target price (down from $52.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Deutsche Bank AG reiterated a “hold” rating and set a $42.00 target price (down from $45.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Finally, Nomura reiterated a “hold” rating and set a $45.00 target price (down from $50.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Eight investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $50.00.

In related news, COO Eugene A. Castagna sold 17,866 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $45.86, for a total value of $819,334.76. Following the transaction, the chief operating officer now directly owns 140,630 shares of the company’s stock, valued at approximately $6,449,291.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Cognios Capital LLC increased its position in shares of Bed Bath & Beyond by 0.3% in the second quarter. Cognios Capital LLC now owns 6,036 shares of the retailer’s stock worth $260,000 after buying an additional 18 shares during the period. Creative Planning increased 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 worth $112,000 after buying an additional 30 shares during the period. Magnetar Financial LLC increased its position in shares of Bed Bath & Beyond by 0.5% in the first quarter. Magnetar Financial LLC now owns 8,107 shares of the retailer’s stock worth $402,000 after buying an additional 38 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Bed Bath & Beyond by 1.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,372 shares of the retailer’s stock worth $167,000 after buying an additional 41 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in shares of Bed Bath & Beyond by 0.6% in the second quarter. Commonwealth Equity Services Inc now owns 10,798 shares of the retailer’s stock worth $467,000 after buying an additional 66 shares during the period. 95.16% of the stock is currently owned by institutional investors.

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).

5 Day Chart for NASDAQ:BBBY

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