Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Stock analysts at KeyCorp decreased their Q3 2018 earnings estimates for Bed Bath & Beyond in a research report issued to clients and investors on Tuesday. KeyCorp analyst B. Thomas now anticipates that the retailer will earn $0.38 per share for the quarter, down from their prior estimate of $0.74. KeyCorp currently has a “Underweight” rating and a $21.00 target price on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q4 2018 earnings at $1.60 EPS, FY2018 earnings at $3.15 EPS and FY2019 earnings at $2.95 EPS.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.01 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. COPYRIGHT VIOLATION WARNING: “KeyCorp Equities Analysts Cut Earnings Estimates for Bed Bath & Beyond Inc. (BBBY)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/09/23/keycorp-equities-analysts-cut-earnings-estimates-for-bed-bath-beyond-inc-bbby.html.
A number of other analysts have also issued reports on BBBY. ValuEngine lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Wolfe Research lowered Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $38.00 price objective on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Finally, Robert W. Baird reissued a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Nine analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.12.
Bed Bath & Beyond (BBBY) opened at 22.51 on Friday. The stock’s 50 day moving average price is $28.41 and its 200-day moving average price is $33.64. Bed Bath & Beyond has a 52-week low of $22.16 and a 52-week high of $48.83. The company has a market capitalization of $3.15 billion, a P/E ratio of 5.75 and a beta of 1.11. Bed Bath & Beyond also was the recipient of unusually large options trading on Wednesday. Stock investors purchased 19,819 put options on the company. This is an increase of 857% compared to the average volume of 2,070 put options.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. Bed Bath & Beyond’s dividend payout ratio is presently 15.42%.
Several hedge funds have recently bought and sold shares of BBBY. BlackRock Inc. raised its holdings in shares of Bed Bath & Beyond by 2,768.5% in the 1st quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock valued at $478,258,000 after buying an additional 11,697,533 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at $68,548,000. FMR LLC raised its holdings in shares of Bed Bath & Beyond by 9.9% in the 2nd quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after buying an additional 1,330,077 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Bed Bath & Beyond by 12.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 8,136,389 shares of the retailer’s stock valued at $321,062,000 after buying an additional 872,036 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Bed Bath & Beyond by 247.2% in the 2nd quarter. First Trust Advisors LP now owns 889,716 shares of the retailer’s stock valued at $27,047,000 after buying an additional 633,465 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.
Bed Bath & Beyond Company Profile
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).
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