Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $15.37, but opened at $14.29. Bed Bath & Beyond shares last traded at $15.35, with a volume of 16701275 shares traded.

The newly announced dividend which will be paid on Tuesday, April 16th. Stockholders of record on Friday, March 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.17%. Bed Bath & Beyond’s payout ratio is presently 20.51%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, November 27th. Raymond James upgraded Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research note on Monday, September 17th. Wedbush cut their target price on Bed Bath & Beyond from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Co reiterated a “sell” rating and issued a $11.00 price objective on shares of Bed Bath & Beyond in a research note on Monday. Finally, KeyCorp dropped their price objective on Bed Bath & Beyond from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, September 27th. Ten analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.07.

The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.69 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 6.08 and a beta of 0.90.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, January 9th. The retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Bed Bath & Beyond Inc. will post 2.02 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of BBBY. BlackRock Inc. raised its holdings in Bed Bath & Beyond by 28.0% during the 2nd quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock valued at $317,003,000 after acquiring an additional 3,478,265 shares during the period. Renaissance Technologies LLC bought a new position in shares of Bed Bath & Beyond in the second quarter worth $1,426,000. OppenheimerFunds Inc. increased its holdings in shares of Bed Bath & Beyond by 14.1% in the second quarter. OppenheimerFunds Inc. now owns 185,336 shares of the retailer’s stock worth $3,693,000 after purchasing an additional 22,958 shares during the period. Glen Harbor Capital Management LLC increased its holdings in shares of Bed Bath & Beyond by 90.2% in the second quarter. Glen Harbor Capital Management LLC now owns 24,398 shares of the retailer’s stock worth $486,000 after purchasing an additional 11,572 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Bed Bath & Beyond in the second quarter worth $703,000. 97.45% of the stock is currently owned by institutional investors and hedge funds.

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Bed Bath & Beyond Company Profile (NASDAQ:BBBY)

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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