Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) reached a new 52-week low during trading on Thursday . The company traded as low as $11.97 and last traded at $12.28, with a volume of 264560 shares changing hands. The stock had previously closed at $12.28.

BBBY has been the subject of a number of recent analyst reports. Standpoint Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research cut Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. BidaskClub upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wedbush set a $18.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, September 13th. Finally, Raymond James upgraded Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research report on Monday, September 17th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.64.

The company has a quick ratio of 0.60, a current ratio of 1.75 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.71 billion, a P/E ratio of 3.99, a P/E/G ratio of 6.16 and a beta of 0.92.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts expect that Bed Bath & Beyond Inc. will post 2.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, December 13th. Bed Bath & Beyond’s payout ratio is 20.51%.

Several institutional investors and hedge funds have recently modified their holdings of BBBY. Signaturefd LLC boosted its stake 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 buying an additional 3,292 shares during the last quarter. Alps Advisors Inc. boosted its stake in Bed Bath & Beyond by 13.7% during the second quarter. Alps Advisors Inc. now owns 27,957 shares of the retailer’s stock worth $557,000 after buying an additional 3,369 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Bed Bath & Beyond by 23.3% during the second quarter. Tower Research Capital LLC TRC now owns 19,891 shares of the retailer’s stock worth $396,000 after buying an additional 3,763 shares during the last quarter. Systematic Financial Management LP boosted its stake in Bed Bath & Beyond by 7.5% during the second quarter. Systematic Financial Management LP now owns 60,265 shares of the retailer’s stock worth $1,201,000 after buying an additional 4,220 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its stake in Bed Bath & Beyond by 20.9% during the second quarter. Cadence Capital Management LLC now owns 25,079 shares of the retailer’s stock worth $500,000 after buying an additional 4,339 shares during the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.

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About Bed Bath & Beyond (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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