Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Investment analysts at Wedbush issued their Q1 2018 earnings per share estimates for Bed Bath & Beyond in a research note issued on Thursday. Wedbush analyst S. Basham anticipates that the firm will post earnings per share of $0.82 for the quarter. Wedbush has a “Neutral” rating and a $42.00 price target on the stock. Wedbush also issued estimates for Bed Bath & Beyond’s Q2 2018 earnings at $1.20 EPS, Q3 2018 earnings at $1.02 EPS and Q4 2018 earnings at $2.01 EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $0.56. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The business earned $2.99 billion during the quarter, compared to the consensus estimate of $901.50 million. During the same quarter in the previous year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Bank of America Corp. reissued a “sell” rating on shares of Bed Bath & Beyond in a report on Wednesday, June 15th. Robert W. Baird set a $45.00 price target on Bed Bath & Beyond and gave the stock a “hold” rating in a report on Monday. Deutsche Bank AG reissued a “hold” rating and issued a $42.00 price target (down previously from $45.00) on shares of Bed Bath & Beyond in a report on Thursday, June 23rd. Zacks Investment Research raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. lowered their price target on Bed Bath & Beyond from $51.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. Eight investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.20.

Bed Bath & Beyond (NASDAQ:BBBY) traded up 0.14% on Monday, reaching $43.11. The company’s stock had a trading volume of 3,330,924 shares. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 8.60 and a beta of 0.72. The firm has a 50-day moving average of $44.93 and a 200 day moving average of $45.70. Bed Bath & Beyond has a 12-month low of $41.15 and a 12-month high of $61.90.

Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Bed Bath & Beyond by 7.6% in the second quarter. FMR LLC now owns 12,156,947 shares of the retailer’s stock valued at $525,423,000 after buying an additional 860,235 shares during the period. JPMorgan Chase & Co. raised its position in Bed Bath & Beyond by 10.3% in the second quarter. JPMorgan Chase & Co. now owns 6,749,160 shares of the retailer’s stock valued at $291,699,000 after buying an additional 630,285 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Bed Bath & Beyond by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,392,892 shares of the retailer’s stock valued at $218,063,000 after buying an additional 31,400 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Bed Bath & Beyond by 3.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,122,848 shares of the retailer’s stock valued at $82,449,000 after buying an additional 63,161 shares during the last quarter. Finally, BlackRock Group LTD raised its position in Bed Bath & Beyond by 12.1% in the second quarter. BlackRock Group LTD now owns 1,896,021 shares of the retailer’s stock valued at $81,945,000 after buying an additional 205,277 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $45.86, for a total value of $819,334.76. Following the transaction, 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 SEC, which is accessible through the SEC website. 4.70% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 16th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 9.98%.

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).

5 Day Chart for NASDAQ:BBBY

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