Bed Bath & Beyond Inc. (NASDAQ:BBBY) – William Blair lowered their Q4 2018 EPS estimates for shares of Bed Bath & Beyond in a report issued on Thursday, according to Zacks Investment Research. William Blair analyst D. Hofkin now anticipates that the retailer will post earnings per share of $1.38 for the quarter, down from their previous forecast of $1.46. William Blair also issued estimates for Bed Bath & Beyond’s Q1 2019 earnings at $0.46 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.27 EPS and Q4 2019 earnings at $1.26 EPS.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis.
BBBY has been the topic of a number of other reports. Loop Capital set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, January 4th. ValuEngine lowered shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp reaffirmed an “underweight” rating and set a $21.00 target price (down from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Moffett Nathanson assumed coverage on shares of Bed Bath & Beyond in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Bed Bath & Beyond has a consensus rating of “Hold” and a consensus target price of $26.24.
Shares of Bed Bath & Beyond (NASDAQ BBBY) opened at $22.82 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $41.98. The firm has a market cap of $3,249.86, a PE ratio of 6.32, a P/E/G ratio of -3.80 and a beta of 1.09.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Bed Bath & Beyond by 928.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock valued at $117,000 after purchasing an additional 3,463 shares in the last quarter. Ffcm LLC boosted its stake in Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after acquiring an additional 4,290 shares in the last quarter. Point View Wealth Management Inc. boosted its stake in Bed Bath & Beyond by 55.9% in the second quarter. Point View Wealth Management Inc. now owns 8,020 shares of the retailer’s stock valued at $244,000 after acquiring an additional 2,876 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Bed Bath & Beyond in the second quarter valued at approximately $251,000. Finally, Psagot Investment House Ltd. acquired a new stake in Bed Bath & Beyond in the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 94.20% of the company’s stock.
In other news, VP Matthew Fiorilli sold 16,957 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $22.62, for a total transaction of $383,567.34. Following the transaction, the vice president now directly owns 97,419 shares in the company, valued at $2,203,617.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.00% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.63%. Bed Bath & Beyond’s dividend payout ratio is presently 17.24%.
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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).
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