An issue of Bed Bath & Beyond Inc. (NASDAQ:BBBY) debt rose 2.1% against its face value during trading on Wednesday. The high-yield issue of debt has a 5.165% coupon and will mature on August 1, 2044. The debt is now trading at $68.50 and was trading at $67.25 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup dropped their price objective on Bed Bath & Beyond from $13.00 to $10.00 and set a “sell” rating on the stock in a report on Monday, December 3rd. Argus downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Morgan Stanley dropped their price objective on Bed Bath & Beyond from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, September 28th. Finally, ValuEngine downgraded Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Nine analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.64.

Bed Bath & Beyond stock traded up $0.02 during trading hours on Wednesday, reaching $12.34. 3,385,151 shares of the company were exchanged, compared to its average volume of 4,411,029. The stock has a market capitalization of $1.72 billion, a P/E ratio of 3.96, a PEG ratio of 6.19 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 1.75 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond Inc. has a 12 month low of $11.95 and a 12 month high of $24.74.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 26th. The retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13). The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.96 billion. Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. Sell-side analysts anticipate that Bed Bath & Beyond Inc. will post 2.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.19%. Bed Bath & Beyond’s payout ratio is currently 20.51%.

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Bed Bath & Beyond by 124.8% during the second quarter. Signaturefd LLC now owns 5,930 shares of the retailer’s stock worth $118,000 after purchasing an additional 3,292 shares during the period. Ardsley Advisory Partners bought a new stake in Bed Bath & Beyond during the second quarter worth approximately $199,000. Commonwealth Equity Services LLC bought a new stake in Bed Bath & Beyond during the second quarter worth approximately $205,000. DRW Securities LLC bought a new stake in Bed Bath & Beyond during the second quarter worth approximately $229,000. Finally, Wedbush Securities Inc. bought a new stake in Bed Bath & Beyond during the second quarter worth approximately $233,000. 97.51% of the stock is owned by hedge funds and other institutional investors.

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Bed Bath & Beyond Company Profile (NASDAQ:BBBY)

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.

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