Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Investment analysts at KeyCorp lowered their Q3 2018 earnings estimates for shares of Bed Bath & Beyond in a note issued to investors on Tuesday. KeyCorp analyst B. Thomas now forecasts that the retailer will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.74. KeyCorp currently has a “Underweight” rating and a $21.00 target price on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.60 EPS, FY2018 earnings at $3.15 EPS and FY2019 earnings at $2.95 EPS.

A number of other equities research analysts have also weighed in on BBBY. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Wolfe Research lowered shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $38.00 price objective on shares of Bed Bath & Beyond in a report on Monday, June 19th. Finally, Robert W. Baird restated a “neutral” rating and issued a $38.00 price objective (down from $42.00) on shares of Bed Bath & Beyond in a report on Monday, June 19th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.06.

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Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.2476% during trading on Friday, reaching $22.3051. 1,077,961 shares of the company’s stock traded hands. The company has a 50 day moving average price of $28.41 and a 200-day moving average price of $33.64. Bed Bath & Beyond has a 12-month low of $22.17 and a 12-month high of $48.83. The company has a market cap of $3.14 billion, a PE ratio of 5.1323 and a beta of 1.11. Bed Bath & Beyond also was the target of some unusual options trading activity on Wednesday. Investors acquired 19,819 put options on the company. This represents an increase of 857% compared to the average volume of 2,070 put options.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. Bed Bath & Beyond’s revenue for the quarter was down 1.7% compared to the same quarter last year.

Several large investors have recently modified their holdings of BBBY. BlackRock Inc. boosted its holdings in shares of Bed Bath & Beyond by 2,768.5% in the first quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock valued at $478,258,000 after acquiring an additional 11,697,533 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Bed Bath & Beyond in the second quarter valued at about $68,548,000. FMR LLC boosted its holdings in shares of Bed Bath & Beyond by 9.9% in the second quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after acquiring an additional 1,330,077 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Bed Bath & Beyond by 12.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 8,136,389 shares of the retailer’s stock valued at $321,062,000 after acquiring an additional 872,036 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Bed Bath & Beyond by 247.2% in the second quarter. First Trust Advisors LP now owns 889,716 shares of the retailer’s stock valued at $27,047,000 after acquiring an additional 633,465 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is 15.42%.

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).

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

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