Bed Bath & Beyond (NASDAQ:BBBY) – Analysts at Jefferies Group reduced their Q1 2019 earnings per share (EPS) estimates for shares of Bed Bath & Beyond in a research report issued to clients and investors on Wednesday, April 11th. Jefferies Group analyst D. Binder now anticipates that the retailer will earn $0.25 per share for the quarter, down from their prior forecast of $0.42. Jefferies Group currently has a “Underperform” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for Bed Bath & Beyond’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.17 EPS, FY2019 earnings at $2.25 EPS, FY2020 earnings at $2.11 EPS, FY2021 earnings at $2.06 EPS and FY2022 earnings at $2.14 EPS.
BBBY has been the topic of a number of other research reports. Loop Capital set a $23.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, December 21st. Wedbush dropped their price target on Bed Bath & Beyond from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 12th. KeyCorp dropped their price target on Bed Bath & Beyond from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, April 12th. JPMorgan Chase dropped their price target on Bed Bath & Beyond to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, April 12th. Finally, Zacks Investment Research upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Eleven analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.00.
BBBY opened at $17.48 on Monday. Bed Bath & Beyond has a 1-year low of $17.19 and a 1-year high of $40.33. The company has a current ratio of 1.83, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2,427.81, a P/E ratio of 5.60, a price-to-earnings-growth ratio of -3.76 and a beta of 1.00.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, April 11th. The retailer reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Bed Bath & Beyond had a return on equity of 16.45% and a net margin of 3.44%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Friday, June 15th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.66%. This is a positive change from Bed Bath & Beyond’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, June 14th. Bed Bath & Beyond’s dividend payout ratio is currently 19.23%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $121,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $149,000. Captrust Financial Advisors acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $151,000. State of Alaska Department of Revenue acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $180,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Bed Bath & Beyond during the 4th quarter worth $223,000. 91.36% of the stock is currently owned by institutional investors.
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About Bed Bath & Beyond
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 juvenile products.
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