Bed Bath & Beyond (BBBY) Stock Price Up 5.2%

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Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) rose 5.2% during mid-day trading on Tuesday . The stock traded as high as $14.39 and last traded at $14.38. Approximately 4,425,053 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 4,421,627 shares. The stock had previously closed at $13.67.

BBBY has been the topic of several research analyst reports. BidaskClub lowered shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Standpoint Research downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Wedbush set a $18.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Thursday, September 13th. Finally, Raymond James raised shares of Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research note on Monday, September 17th. Ten analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.07.

The company has a market cap of $1.83 billion, a PE ratio of 4.61, a P/E/G ratio of 6.80 and a beta of 0.96. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, September 26th. The retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13). The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. Bed Bath & Beyond’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Analysts anticipate that Bed Bath & Beyond Inc. will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, December 13th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 20.51%.

Several institutional investors have recently added to or reduced their stakes in the company. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Bed Bath & Beyond by 28.0% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 392,903 shares of the retailer’s stock valued at $5,894,000 after acquiring an additional 86,003 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Bed Bath & Beyond by 26.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 278,615 shares of the retailer’s stock valued at $4,179,000 after acquiring an additional 57,486 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Bed Bath & Beyond by 37.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,172,943 shares of the retailer’s stock valued at $17,646,000 after acquiring an additional 320,544 shares during the period. Empowered Funds LLC purchased a new stake in shares of Bed Bath & Beyond in the 3rd quarter valued at approximately $2,632,000. Finally, Empirical Finance LLC raised its stake in shares of Bed Bath & Beyond by 27.5% in the 3rd quarter. Empirical Finance LLC now owns 135,494 shares of the retailer’s stock valued at $2,032,000 after acquiring an additional 29,192 shares during the period. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Bed Bath & Beyond Company Profile (NASDAQ:BBBY)

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.

Further Reading: Why do earnings reports matter?

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