Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Analysts at KeyCorp issued their Q1 2020 EPS estimates for Bed Bath & Beyond in a report issued on Wednesday, April 10th. KeyCorp analyst B. Thomas forecasts that the retailer will post earnings per share of $0.10 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q4 2020 earnings at $1.32 EPS, FY2020 earnings at $2.05 EPS and FY2021 earnings at $2.25 EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, April 10th. The retailer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.33 billion. Bed Bath & Beyond had a negative net margin of 1.14% and a positive return on equity of 9.77%. During the same period in the previous year, the firm earned $1.48 EPS.

Several other equities research analysts also recently weighed in on the stock. Raymond James raised shares of Bed Bath & Beyond from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, March 26th. Bank of America set a $11.00 target price on shares of Bed Bath & Beyond and gave the stock a “sell” rating in a research note on Thursday, January 10th. Wedbush cut their target price on shares of Bed Bath & Beyond from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 10th. Morgan Stanley raised shares of Bed Bath & Beyond from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $13.00 to $20.00 in a research note on Friday, April 5th. Finally, Wells Fargo & Co reaffirmed a “sell” rating and set a $11.00 target price on shares of Bed Bath & Beyond in a research note on Monday, January 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.61.

Bed Bath & Beyond stock opened at $16.88 on Monday. Bed Bath & Beyond has a 1 year low of $10.46 and a 1 year high of $21.44. The company has a market capitalization of $2.48 billion, a PE ratio of 8.23, a P/E/G ratio of 6.07 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Bed Bath & Beyond by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 2,673,715 shares of the retailer’s stock valued at $40,107,000 after acquiring an additional 32,023 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Bed Bath & Beyond by 52.6% during the third quarter. Martingale Asset Management L P now owns 114,190 shares of the retailer’s stock valued at $1,713,000 after buying an additional 39,338 shares during the last quarter. Credit Suisse AG boosted its position in shares of Bed Bath & Beyond by 1.6% during the third quarter. Credit Suisse AG now owns 314,389 shares of the retailer’s stock valued at $4,715,000 after buying an additional 4,989 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Bed Bath & Beyond by 1,688.8% during the third quarter. Renaissance Technologies LLC now owns 1,280,060 shares of the retailer’s stock valued at $19,201,000 after buying an additional 1,208,502 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Bed Bath & Beyond by 14.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 40,481 shares of the retailer’s stock valued at $607,000 after buying an additional 5,208 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be given a dividend of $0.17 per share. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, June 13th. Bed Bath & Beyond’s payout ratio is 31.22%.

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.

Further Reading: Percentage Decliners

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

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