Bed Bath & Beyond Inc. (NASDAQ:BBBY) Given Consensus Recommendation of “Hold” by Analysts

Bed Bath & Beyond Inc. (NASDAQ:BBBY) has received an average rating of “Hold” from the twenty-two research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.06.

Several research analysts have issued reports on BBBY shares. Raymond James raised Bed Bath & Beyond to a “buy” rating in a research report on Thursday, October 10th. BidaskClub raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Bank of America reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Bed Bath & Beyond in a research note on Thursday, January 9th. Wedbush raised their price objective on Bed Bath & Beyond from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Tuesday.

NASDAQ:BBBY traded up $0.38 on Tuesday, hitting $15.39. The stock had a trading volume of 7,601,207 shares, compared to its average volume of 13,291,008. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.36. The company has a quick ratio of 0.47, a current ratio of 1.41 and a debt-to-equity ratio of 1.75. The business’s 50-day simple moving average is $15.78 and its two-hundred day simple moving average is $12.11. Bed Bath & Beyond has a 52-week low of $7.31 and a 52-week high of $19.57.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, January 8th. The retailer reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.41). The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Bed Bath & Beyond had a positive return on equity of 8.09% and a negative net margin of 7.06%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, equities research analysts anticipate that Bed Bath & Beyond will post 1.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Friday, March 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 12th. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 33.17%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Bed Bath & Beyond by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 3,590 shares of the retailer’s stock valued at $38,000 after purchasing an additional 718 shares during the period. Clear Harbor Asset Management LLC raised its stake in Bed Bath & Beyond by 8.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 11,323 shares of the retailer’s stock valued at $120,000 after purchasing an additional 930 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Bed Bath & Beyond by 28.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,165 shares of the retailer’s stock valued at $55,000 after purchasing an additional 1,156 shares during the period. Quadrant Capital Group LLC raised its stake in Bed Bath & Beyond by 124.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,942 shares of the retailer’s stock valued at $30,000 after purchasing an additional 1,631 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in Bed Bath & Beyond by 4.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 55,488 shares of the retailer’s stock valued at $590,000 after purchasing an additional 2,397 shares during the period.

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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