Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Wedbush dropped their Q1 2019 earnings estimates for Bed Bath & Beyond in a research report issued to clients and investors on Wednesday. Wedbush analyst S. Basham now expects that the retailer will post earnings of $0.54 per share for the quarter, down from their prior estimate of $0.56. Wedbush currently has a “Neutral” rating and a $38.00 target price on the stock.

A number of other analysts have also recently weighed in on BBBY. Zacks Investment Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Wolfe Research cut Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Monday, June 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price target (down previously from $28.00) on shares of Bed Bath & Beyond in a research report on Monday. Bank of America Corporation reduced their price target on Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, June 23rd. Finally, Argus reaffirmed a “buy” rating and issued a $40.00 price target (down previously from $48.00) on shares of Bed Bath & Beyond in a research report on Wednesday, June 28th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.06.

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Shares of Bed Bath & Beyond (NASDAQ:BBBY) remained flat at $22.25 during midday trading on Thursday. 2,511,384 shares of the stock traded hands. The company’s 50 day moving average price is $28.41 and its 200 day moving average price is $33.64. Bed Bath & Beyond has a 1-year low of $22.17 and a 1-year high of $48.83. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 5.12 and a beta of 1.11. Bed Bath & Beyond also was the recipient of some unusual options trading on Wednesday. Stock investors bought 19,819 put options on the company. This represents an increase of approximately 857% compared to the average volume of 2,070 put options.

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

A number of institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Bed Bath & Beyond by 9.9% in the 2nd 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. Vanguard Group Inc. raised its holdings in Bed Bath & Beyond by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 13,993,417 shares of the retailer’s stock valued at $552,180,000 after acquiring an additional 298,107 shares in the last quarter. BlackRock Inc. raised its holdings in Bed Bath & Beyond by 2,768.5% in the 1st 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. Hotchkis & Wiley Capital Management LLC raised its holdings in Bed Bath & Beyond by 3.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,455,769 shares of the retailer’s stock valued at $257,055,000 after acquiring an additional 319,380 shares in the last quarter. Finally, State Street Corp raised its holdings in Bed Bath & Beyond by 3.2% in the 1st quarter. State Street Corp now owns 8,382,743 shares of the retailer’s stock valued at $330,785,000 after acquiring an additional 261,732 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

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