Bed Bath & Beyond Inc. (NASDAQ:BBBY) declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, December 16th will be given a dividend of 0.125 per share by the retailer on Tuesday, January 17th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%.

BBBY has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $42.00 price objective (down from $45.00) on shares of Bed Bath & Beyond in a report on Thursday, June 23rd. Wedbush reaffirmed a “neutral” rating and set a $46.00 price objective on shares of Bed Bath & Beyond in a report on Wednesday, June 15th. Jefferies Group reaffirmed a “hold” rating and set a $45.00 price objective (down from $52.00) on shares of Bed Bath & Beyond in a report on Thursday, June 23rd. Robert W. Baird set a $45.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Monday. Finally, Nomura reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Bed Bath & Beyond in a report on Wednesday, June 15th. Eight research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.20.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 43.11 on Thursday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 8.60 and a beta of 0.72. The stock’s 50 day moving average price is $44.91 and its 200-day moving average price is $45.68. Bed Bath & Beyond has a 1-year low of $41.15 and a 1-year high of $61.90.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.06. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $901.50 million. Bed Bath & Beyond had a net margin of 6.66% and a return on equity of 31.15%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. On average, equities research analysts forecast that Bed Bath & Beyond will post $4.83 earnings per share for the current year.

In related news, COO Eugene A. Castagna sold 17,866 shares of Bed Bath & Beyond stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.86, for a total transaction of $819,334.76. Following the sale, the chief operating officer now owns 140,630 shares of the company’s stock, valued at approximately $6,449,291.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Cibc World Markets Corp increased its stake in shares of Bed Bath & Beyond by 6.0% in the second quarter. Cibc World Markets Corp now owns 10,400 shares of the retailer’s stock valued at $449,000 after buying an additional 591 shares during the period. Scotia Capital Inc. acquired a new stake in shares of Bed Bath & Beyond during the second quarter valued at about $311,000. State of Wisconsin Investment Board acquired a new stake in shares of Bed Bath & Beyond during the second quarter valued at about $4,287,000. Sei Investments Co. increased its stake in shares of Bed Bath & Beyond by 63.2% in the second quarter. Sei Investments Co. now owns 28,739 shares of the retailer’s stock valued at $1,242,000 after buying an additional 11,126 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Bed Bath & Beyond by 8.9% in the second quarter. Public Sector Pension Investment Board now owns 29,316 shares of the retailer’s stock valued at $1,267,000 after buying an additional 2,400 shares during the period. 95.16% of the stock is currently owned by institutional investors.

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).

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