Analysts expect that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will announce sales of $2.77 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Bed Bath & Beyond’s earnings, with the lowest sales estimate coming in at $2.74 billion and the highest estimate coming in at $2.81 billion. Bed Bath & Beyond reported sales of $2.94 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.8%. The business is expected to report its next quarterly earnings report on Wednesday, September 25th.

On average, analysts expect that Bed Bath & Beyond will report full year sales of $11.41 billion for the current financial year, with estimates ranging from $11.31 billion to $11.51 billion. For the next year, analysts expect that the business will report sales of $11.18 billion, with estimates ranging from $10.97 billion to $11.48 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The business had revenue of $2.57 billion for 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 business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share.

Several analysts have recently weighed in on BBBY shares. Raymond James set a $17.00 target price on shares of Bed Bath & Beyond and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup lowered their target price on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Jefferies Financial Group lowered their target price on shares of Bed Bath & Beyond from $17.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Loop Capital reaffirmed an “average” rating and issued a $12.00 target price on shares of Bed Bath & Beyond in a report on Tuesday, July 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $14.00 target price (down previously from $20.00) on shares of Bed Bath & Beyond in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.55.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Bed Bath & Beyond by 3.5% in the first quarter. BlackRock Inc. now owns 17,001,610 shares of the retailer’s stock valued at $288,858,000 after purchasing an additional 574,944 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Bed Bath & Beyond by 20.2% in the second quarter. Vanguard Group Inc. now owns 15,982,481 shares of the retailer’s stock valued at $185,717,000 after purchasing an additional 2,684,312 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Bed Bath & Beyond by 505.0% in the second quarter. Invesco Ltd. now owns 3,712,146 shares of the retailer’s stock valued at $43,135,000 after purchasing an additional 3,098,546 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Bed Bath & Beyond by 86.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,251,093 shares of the retailer’s stock valued at $37,778,000 after purchasing an additional 1,509,692 shares in the last quarter. Finally, Man Group plc lifted its holdings in shares of Bed Bath & Beyond by 250.5% in the second quarter. Man Group plc now owns 2,910,357 shares of the retailer’s stock valued at $33,819,000 after purchasing an additional 2,079,908 shares in the last quarter.

Shares of NASDAQ:BBBY traded down $0.23 during midday trading on Wednesday, hitting $10.29. The stock had a trading volume of 5,185,564 shares, compared to its average volume of 6,980,725. The company has a market capitalization of $1.36 billion, a PE ratio of 5.02, a P/E/G ratio of 5.63 and a beta of 1.21. The stock has a 50 day moving average price of $9.05 and a two-hundred day moving average price of $13.00. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.58. Bed Bath & Beyond has a 1 year low of $7.31 and a 1 year high of $19.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Thursday, September 12th. Bed Bath & Beyond’s dividend payout ratio is currently 33.17%.

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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