Equities analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to announce sales of $3.01 billion for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Bed Bath & Beyond’s earnings, with the lowest sales estimate coming in at $2.98 billion and the highest estimate coming in at $3.03 billion. Bed Bath & Beyond reported sales of $2.99 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, September 19th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year sales of $3.01 billion for the current year, with estimates ranging from $12.46 billion to $12.55 billion. For the next year, analysts expect that the business will report sales of $12.36 billion per share, with estimates ranging from $12.24 billion to $12.46 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS.

A number of equities analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Bed Bath & Beyond from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, June 21st. Bank of America Corporation dropped their price objective on Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, June 23rd. Deutsche Bank AG restated a “hold” rating and set a $31.00 price objective (down previously from $36.00) on shares of Bed Bath & Beyond in a report on Sunday, June 25th. Argus restated a “buy” rating and set a $40.00 price objective (down previously from $48.00) on shares of Bed Bath & Beyond in a report on Wednesday, June 28th. Finally, Wolfe Research cut Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Monday, June 19th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.24.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 29.78 on Thursday. The firm has a 50-day moving average price of $29.92 and a 200 day moving average price of $36.20. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 6.85 and a beta of 1.13. Bed Bath & Beyond has a 52 week low of $27.99 and a 52 week high of $48.83.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 14th. Bed Bath & Beyond’s payout ratio is 13.86%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Bed Bath & Beyond during the first quarter valued at approximately $106,000. Cutler Group LP raised its position in Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock valued at $115,000 after buying an additional 8,027 shares during the last quarter. First Manhattan Co. raised its position in Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock valued at $127,000 after buying an additional 500 shares during the last quarter. Westside Investment Management Inc. raised its position in Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock valued at $127,000 after buying an additional 440 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Bed Bath & Beyond during the first quarter valued at about $146,000. 92.45% of the stock is owned by hedge funds and other 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).

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

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