Credit Suisse Group set a $20.00 price objective on Bed Bath & Beyond (NASDAQ:BBBY) in a research report report published on Friday morning. The brokerage currently has a hold rating on the retailer’s stock.
A number of other research analysts have also issued reports on the company. BidaskClub raised Bed Bath & Beyond from a buy rating to a strong-buy rating in a report on Thursday, June 28th. Wells Fargo & Co reissued a sell rating and issued a $16.00 target price on shares of Bed Bath & Beyond in a report on Wednesday, June 27th. Zacks Investment Research raised Bed Bath & Beyond from a strong sell rating to a hold rating in a report on Tuesday, June 12th. ValuEngine raised Bed Bath & Beyond from a buy rating to a strong-buy rating in a report on Friday, April 13th. Finally, Barclays set a $20.00 target price on Bed Bath & Beyond and gave the company a hold rating in a report on Thursday, April 12th. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $20.00.
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Bed Bath & Beyond opened at $19.33 on Friday, Marketbeat reports. The company has a market capitalization of $2.79 billion, a PE ratio of 6.20 and a beta of 1.04. The company has a current ratio of 1.86, a quick ratio of 0.62 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond has a 12-month low of $16.52 and a 12-month high of $31.29.
Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, June 27th. The retailer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Bed Bath & Beyond had a return on equity of 14.73% and a net margin of 3.18%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. equities analysts predict that Bed Bath & Beyond will post 2.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Friday, September 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 13th. Bed Bath & Beyond’s dividend payout ratio is presently 20.51%.
Hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new position in Bed Bath & Beyond during the first quarter worth $109,000. Trilogy Capital Inc. purchased a new stake in Bed Bath & Beyond during the first quarter worth $127,000. Captrust Financial Advisors purchased a new stake in Bed Bath & Beyond during the fourth quarter worth $151,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Bed Bath & Beyond during the fourth quarter worth $149,000. Finally, Asset Management One Co. Ltd. boosted its position in Bed Bath & Beyond by 143.9% during the first quarter. Asset Management One Co. Ltd. now owns 8,440 shares of the retailer’s stock worth $177,000 after purchasing an additional 4,980 shares in the last quarter. 91.21% of the stock is currently owned by hedge funds and other institutional investors.
Bed Bath & Beyond Company Profile
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.