Bed Bath & Beyond (NASDAQ:BBBY) had its price objective decreased by Jefferies Group to $25.00 in a research report released on Friday. Jefferies Group currently has an underperform rating on the retailer’s stock. Jefferies Group also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.43 EPS, Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $1.45 EPS, FY2019 earnings at $2.87 EPS, FY2020 earnings at $2.91 EPS, FY2021 earnings at $2.93 EPS and FY2022 earnings at $3.09 EPS.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group reiterated a neutral rating and set a $25.00 target price (down previously from $33.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. KeyCorp reiterated an underweight rating and set a $21.00 target price (down previously from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Barclays reiterated an equal weight rating and set a $30.00 target price (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. ValuEngine lowered shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Wednesday, August 30th. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $26.24.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at $22.43 on Friday. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $42.35. The company has a current ratio of 1.67, a quick ratio of 0.33 and a debt-to-equity ratio of 0.54. The stock has a market cap of $3,210.00, a PE ratio of 6.45 and a beta of 1.10.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a net margin of 2.07% and a return on equity of 8.99%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. analysts forecast that Bed Bath & Beyond will post 3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a yield of 2.67%. Bed Bath & Beyond’s payout ratio is presently 17.24%.

A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in Bed Bath & Beyond by 3.4% during the second quarter. Pacer Advisors Inc. now owns 23,286 shares of the retailer’s stock valued at $708,000 after purchasing an additional 757 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Bed Bath & Beyond by 0.7% during the second quarter. BNP Paribas Arbitrage SA now owns 179,391 shares of the retailer’s stock valued at $5,453,000 after purchasing an additional 1,260 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in Bed Bath & Beyond by 15.8% during the second quarter. Meiji Yasuda Life Insurance Co now owns 9,540 shares of the retailer’s stock valued at $290,000 after purchasing an additional 1,300 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Bed Bath & Beyond by 13.6% during the second quarter. Advisors Asset Management Inc. now owns 11,895 shares of the retailer’s stock valued at $362,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Carret Asset Management LLC lifted its position in Bed Bath & Beyond by 20.1% during the second quarter. Carret Asset Management LLC now owns 10,060 shares of the retailer’s stock valued at $306,000 after purchasing an additional 1,685 shares during the last quarter. Institutional investors and hedge funds own 91.72% of the company’s stock.

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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).

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

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