Bed Bath & Beyond (NASDAQ:BBBY) PT Lowered to $13.00 at Jefferies Financial Group

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Bed Bath & Beyond (NASDAQ:BBBY) had its price objective trimmed by Jefferies Financial Group from $17.00 to $13.00 in a report issued on Thursday, The Fly reports. The firm currently has a hold rating on the retailer’s stock. Jefferies Financial Group also issued estimates for Bed Bath & Beyond’s Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.26 EPS and Q4 2020 earnings at $1.38 EPS.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird reduced their price target on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a neutral rating for the company in a research report on Thursday. KeyCorp upgraded shares of Bed Bath & Beyond from an underweight rating to a sector weight rating in a research note on Tuesday, March 26th. Wedbush upped their price objective on shares of Columbia Sportswear from $111.00 to $113.00 and gave the company an outperform rating in a research note on Thursday, April 11th. BidaskClub lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank upped their price objective on shares of Bed Bath & Beyond from $15.00 to $19.00 and gave the company a hold rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $15.55.

Shares of NASDAQ:BBBY opened at $10.89 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1.40 billion, a P/E ratio of 5.31, a PEG ratio of 5.76 and a beta of 1.19. Bed Bath & Beyond has a 52 week low of $10.43 and a 52 week high of $20.38. The company has a 50 day moving average price of $12.11.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, July 10th. The retailer reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Bed Bath & Beyond had a negative net margin of 4.66% and a positive return on equity of 9.49%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, sell-side analysts predict that Bed Bath & Beyond will post 1.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.24%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 33.17%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Bed Bath & Beyond during the 1st quarter worth $27,000. Motco acquired a new position in shares of Bed Bath & Beyond during the 1st quarter worth $30,000. Penserra Capital Management LLC acquired a new position in shares of Bed Bath & Beyond during the 1st quarter worth $30,000. Acadian Asset Management LLC increased its stake in shares of Bed Bath & Beyond by 413.9% during the 4th quarter. Acadian Asset Management LLC now owns 6,490 shares of the retailer’s stock worth $73,000 after purchasing an additional 5,227 shares during the last quarter. Finally, Psagot Investment House Ltd. acquired a new position in shares of Bed Bath & Beyond during the 4th quarter worth $79,000. Institutional investors own 97.43% of the company’s stock.

Bed Bath & Beyond Company Profile

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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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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