Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw an uptick in trading volume on Thursday . 52,114,328 shares were traded during trading, an increase of 620% from the previous session’s volume of 7,240,729 shares.The stock last traded at $12.09 and had previously closed at $9.94.

A number of research firms have weighed in on BBBY. UBS Group reduced their target price on Bed Bath & Beyond from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. Robert W. Baird reduced their target price on Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. BidaskClub raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. ValuEngine raised Bed Bath & Beyond from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Citigroup reduced their target price on Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.50.

The company has a debt-to-equity ratio of 1.73, a current ratio of 1.46 and a quick ratio of 0.52. The company has a market cap of $1.31 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 5.42 and a beta of 1.25. The company has a fifty day moving average price of $9.69 and a 200 day moving average price of $12.30.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, October 2nd. The retailer reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Bed Bath & Beyond’s revenue was down 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Bed Bath & Beyond Inc. will post 1.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Thursday, December 12th. Bed Bath & Beyond’s payout ratio is 33.17%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Bed Bath & Beyond during the third quarter worth about $121,000. Anderson Fisher LLC purchased a new position in shares of Bed Bath & Beyond during the second quarter worth about $82,000. Captrust Financial Advisors lifted its position in Bed Bath & Beyond by 7,000.0% in the 2nd quarter. Captrust Financial Advisors now owns 7,100 shares of the retailer’s stock worth $84,000 after buying an additional 7,000 shares during the last quarter. Advisory Services Network LLC lifted its position in Bed Bath & Beyond by 825.7% in the 2nd quarter. Advisory Services Network LLC now owns 9,053 shares of the retailer’s stock worth $105,000 after buying an additional 8,075 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new stake in Bed Bath & Beyond in the 2nd quarter worth approximately $112,000.

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.

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