Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Wedbush lowered their Q3 2018 earnings per share estimates for Bed Bath & Beyond in a research note issued on Wednesday. Wedbush analyst S. Basham now expects that the retailer will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.72. Wedbush has a “Neutral” rating and a $38.00 price target on the stock. Wedbush also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.39 EPS, FY2018 earnings at $2.95 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $2.91 EPS.

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 Zacks’ consensus estimate of $0.95 by ($0.28). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.01 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/23/q3-2018-eps-estimates-for-bed-bath-beyond-inc-reduced-by-analyst-bbby.html.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research note on Friday. Jefferies Group LLC restated a “hold” rating and issued a $25.00 price objective (down from $34.00) on shares of Bed Bath & Beyond in a research note on Thursday. Deutsche Bank AG reduced their price objective on Bed Bath & Beyond to $21.00 and set a “hold” rating for the company in a research note on Wednesday. UBS AG restated a “hold” rating and issued a $24.00 price objective (down from $30.00) on shares of Bed Bath & Beyond in a research note on Wednesday. Finally, Bank of America Corporation restated an “underperform” rating and issued a $22.00 price objective (down from $27.00) on shares of Bed Bath & Beyond in a research note on Wednesday. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.12.

Shares of Bed Bath & Beyond (BBBY) opened at 22.51 on Friday. Bed Bath & Beyond has a 1-year low of $22.16 and a 1-year high of $48.83. The company has a market capitalization of $3.15 billion, a P/E ratio of 5.75 and a beta of 1.11. The firm’s 50 day moving average price is $28.41 and its 200-day moving average price is $33.64. Bed Bath & Beyond also was the recipient of unusually large options trading on Wednesday. Investors purchased 19,819 put options on the stock. This represents an increase of 857% compared to the typical volume of 2,070 put options.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank grew its holdings in Bed Bath & Beyond by 0.3% in the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock valued at $417,000 after purchasing an additional 32 shares during the period. Nordea Investment Management AB boosted its stake in shares of Bed Bath & Beyond by 1.7% in the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after acquiring an additional 129 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Bed Bath & Beyond by 1.5% in the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after acquiring an additional 213 shares during the last quarter. ARGI Investment Services LLC boosted its stake in shares of Bed Bath & Beyond by 1.1% in the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after acquiring an additional 284 shares during the last quarter. Finally, Fairbanks Capital Management Inc. boosted its stake in shares of Bed Bath & Beyond by 1.7% in the second quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock worth $512,000 after acquiring an additional 285 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

The firm also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is currently 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)

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.