Media stories about Bed Bath & Beyond (NASDAQ:BBBY) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bed Bath & Beyond earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the retailer an impact score of 39.5179192751688 out of 100, indicating that recent press coverage is unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Bed Bath & Beyond Inc. (BBBY) Sees Significant Decrease in Short Interest (americanbankingnews.com)
- Zacks: Analysts Expect Bed Bath & Beyond Inc. (BBBY) Will Post Quarterly Sales of $3.67 Billion (americanbankingnews.com)
- Technical Recap on Bed Bath & Beyond Inc. (BBBY) – Wall Street Morning (wallstreetmorning.com)
- Bed Bath & Beyond Inc. (BBBY) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down $0.08 during mid-day trading on Monday, reaching $21.68. The company’s stock had a trading volume of 2,786,876 shares, compared to its average volume of 4,080,979. The stock has a market capitalization of $3,110.00, a P/E ratio of 6.23, a P/E/G ratio of -3.61 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $41.96.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. Bed Bath & Beyond’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. equities research analysts anticipate that Bed Bath & Beyond will post 3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 17.24%.
A number of equities research analysts have commented on the company. Morgan Stanley set a $22.00 price target on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Thursday, December 21st. Barclays decreased their price target on Bed Bath & Beyond from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, December 21st. BidaskClub raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Telsey Advisory Group reissued a “market perform” rating on shares of Bed Bath & Beyond in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $23.03 to $18.00 in a report on Friday, January 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. Bed Bath & Beyond presently has an average rating of “Hold” and a consensus target price of $25.78.
In other news, VP Matthew Fiorilli sold 16,957 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the transaction, the vice president now owns 97,419 shares in the company, valued at $2,203,617.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.
About Bed Bath & Beyond
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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