Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been assigned an average rating of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.64.

Several equities analysts have recently commented on BBBY shares. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, November 27th. BidaskClub upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Wedbush set a $18.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, September 13th. Credit Suisse Group reduced their target price on Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Finally, Deutsche Bank set a $14.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, September 27th.

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its position in shares of Bed Bath & Beyond by 124.8% during the 2nd quarter. Signaturefd LLC now owns 5,930 shares of the retailer’s stock valued at $118,000 after acquiring an additional 3,292 shares in the last quarter. Ardsley Advisory Partners acquired a new stake in Bed Bath & Beyond in the second quarter worth $199,000. Commonwealth Equity Services LLC acquired a new stake in Bed Bath & Beyond in the second quarter worth $205,000. DRW Securities LLC acquired a new stake in Bed Bath & Beyond in the second quarter worth $229,000. Finally, Wedbush Securities Inc. acquired a new stake in Bed Bath & Beyond in the second quarter worth $233,000. 97.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bed Bath & Beyond stock traded up $0.07 on Monday, hitting $12.45. 4,400,691 shares of the company’s stock traded hands, compared to its average volume of 4,192,705. The stock has a market cap of $1.71 billion, a P/E ratio of 3.99, a price-to-earnings-growth ratio of 6.16 and a beta of 0.92. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond has a 52-week low of $11.97 and a 52-week high of $24.74.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. As a group, equities analysts predict that Bed Bath & Beyond will post 2.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, December 13th. Bed Bath & Beyond’s dividend payout ratio is currently 20.51%.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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