Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Analysts at Jefferies Group reduced their Q3 2018 earnings per share (EPS) estimates for shares of Bed Bath & Beyond in a report released on Wednesday. Jefferies Group analyst D. Binder now anticipates that the retailer will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.71. Jefferies Group currently has a “Hold” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $3.00 EPS, FY2019 earnings at $2.90 EPS, FY2020 earnings at $2.88 EPS, FY2021 earnings at $2.85 EPS and FY2022 earnings at $2.81 EPS.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Wolfe Research downgraded Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research note on Monday, June 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 price target (down previously from $28.00) on shares of Bed Bath & Beyond in a research note on Monday, September 18th. Bank of America Corporation dropped their price target on Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, June 23rd. Finally, Argus reaffirmed a “buy” rating and issued a $40.00 price target (down previously from $48.00) on shares of Bed Bath & Beyond in a research note on Wednesday, June 28th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.12.

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Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 22.51 on Monday. The stock has a 50 day moving average of $28.41 and a 200 day moving average of $33.64. Bed Bath & Beyond has a 12-month low of $22.10 and a 12-month high of $48.83. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 5.75 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $1.11 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in shares of Bed Bath & Beyond by 0.3% during the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock worth $417,000 after purchasing an additional 32 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Bed Bath & Beyond by 1.7% during the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after purchasing an additional 129 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Bed Bath & Beyond by 1.5% during the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after purchasing an additional 213 shares during the last quarter. ARGI Investment Services LLC grew its holdings in shares of Bed Bath & Beyond by 1.1% during the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after purchasing an additional 284 shares during the last quarter. Finally, Fairbanks Capital Management Inc. grew its holdings in shares of Bed Bath & Beyond by 1.7% during the second quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock worth $512,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 15.42%.

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).

Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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