Bed Bath & Beyond (NASDAQ:BBBY) released its earnings results on Wednesday, January 8th. The retailer reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.41), RTT News reports. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Bed Bath & Beyond had a negative net margin of 7.06% and a positive return on equity of 8.09%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share.
Shares of BBBY opened at $15.57 on Thursday. The company’s fifty day moving average is $15.80 and its 200 day moving average is $12.13. Bed Bath & Beyond has a fifty-two week low of $7.31 and a fifty-two week high of $19.57. The stock has a market capitalization of $1.95 billion, a PE ratio of 7.60, a P/E/G ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.47 and a current ratio of 1.41.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Friday, March 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, March 12th. Bed Bath & Beyond’s dividend payout ratio is presently 33.17%.
BBBY has been the topic of a number of recent research reports. Bank of America restated a “buy” rating and set a $21.00 price target on shares of Bed Bath & Beyond in a research note on Thursday, January 9th. Loop Capital reiterated a “hold” rating and issued a $15.00 target price (up from $10.00) on shares of Bed Bath & Beyond in a research note on Wednesday, December 18th. KeyCorp reiterated a “buy” rating and issued a $18.00 target price on shares of Bed Bath & Beyond in a research note on Thursday, January 9th. Jefferies Financial Group lowered their target price on shares of Bed Bath & Beyond from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Finally, UBS Group lowered their target price on shares of Bed Bath & Beyond from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.17.
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 various juvenile products.
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