Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s share price traded down 7% during mid-day trading on Tuesday after Citigroup lowered their price target on the stock from $13.00 to $10.00. Citigroup currently has a sell rating on the stock. Bed Bath & Beyond traded as low as $12.24 and last traded at $12.28. 5,563,986 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 4,414,782 shares. The stock had previously closed at $13.20.

BBBY has been the topic of several other reports. Zacks Investment Research raised shares of Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, November 27th. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Raymond James raised shares of Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a report on Monday, September 17th. KeyCorp cut their price target on shares of Bed Bath & Beyond from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, September 27th. Finally, ValuEngine downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.64.

Several large investors have recently bought and sold shares of BBBY. Signaturefd LLC lifted its stake in shares of 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 period. Ardsley Advisory Partners acquired a new stake in shares of Bed Bath & Beyond during the second quarter worth $199,000. Commonwealth Equity Services LLC acquired a new stake in shares of Bed Bath & Beyond during the second quarter worth $205,000. DRW Securities LLC acquired a new position in Bed Bath & Beyond during the second quarter valued at $229,000. Finally, Wedbush Securities Inc. acquired a new position in Bed Bath & Beyond during the second quarter valued at $233,000. Institutional investors and hedge funds own 97.51% of the company’s stock.

The stock has a market cap of $1.78 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 6.57 and a beta of 0.92. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

Bed Bath & Beyond (NASDAQ:BBBY) last posted 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 business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.96 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, research analysts forecast that Bed Bath & Beyond Inc. will post 2.01 EPS for the current fiscal year.

The firm also recently announced 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. The ex-dividend date is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.21%. Bed Bath & Beyond’s dividend payout ratio is presently 20.51%.

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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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