Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been assigned a consensus rating of “Hold” from the twenty-six analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.63.

Several analysts have commented on the company. Loop Capital set a $23.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. KeyCorp reissued a “sell” rating and issued a $17.00 price objective on shares of Bed Bath & Beyond in a report on Thursday, December 21st. Robert W. Baird set a $23.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Credit Suisse Group set a $25.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a report on Thursday, December 21st.

In other news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the sale, the vice president now directly owns 97,419 shares of the company’s stock, valued at $2,203,617.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Bed Bath & Beyond by 4.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,795,363 shares of the retailer’s stock worth $206,427,000 after acquiring an additional 339,594 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Bed Bath & Beyond by 364.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,710,466 shares of the retailer’s stock worth $103,583,000 after buying an additional 3,696,289 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bed Bath & Beyond by 64.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock worth $80,364,000 after buying an additional 1,336,053 shares in the last quarter. Schroder Investment Management Group lifted its position in Bed Bath & Beyond by 48.3% during the fourth quarter. Schroder Investment Management Group now owns 1,992,815 shares of the retailer’s stock worth $43,822,000 after buying an additional 649,180 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Bed Bath & Beyond by 6.2% during the third quarter. Legal & General Group Plc now owns 1,029,207 shares of the retailer’s stock worth $24,158,000 after buying an additional 60,196 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down $0.06 on Tuesday, reaching $21.76. The company’s stock had a trading volume of 3,220,000 shares, compared to its average volume of 4,140,000. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 1.67. Bed Bath & Beyond has a one year low of $19.07 and a one year high of $41.96. The firm has a market capitalization of $3,120.00, a price-to-earnings ratio of 6.25, a P/E/G ratio of -3.61 and a beta of 1.09.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $0.85 earnings per share. Bed Bath & Beyond’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts anticipate that Bed Bath & Beyond will post 3.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio is presently 17.24%.

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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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