Bed Bath & Beyond Inc. (BBBY) Announces Quarterly Dividend of $0.15
Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced a quarterly dividend on Wednesday, September 20th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.15 per share by the retailer on Tuesday, January 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, December 14th.
Shares of Bed Bath & Beyond (BBBY) traded down 15.87% during mid-day trading on Wednesday, hitting $22.74. The company had a trading volume of 24,993,794 shares. The company has a market capitalization of $3.20 billion, a PE ratio of 5.23 and a beta of 1.11. The company’s 50-day moving average is $28.41 and its 200 day moving average is $33.64. Bed Bath & Beyond has a one year low of $22.41 and a one year high of $48.83.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.20). The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. On average, equities research analysts forecast that Bed Bath & Beyond will post $4.01 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on BBBY shares. Wedbush set a $30.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Saturday, June 24th. Bank of America Corporation set a $27.00 price objective on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Saturday, June 24th. Morgan Stanley set a $30.00 price objective on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Saturday, June 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Bed Bath & Beyond in a research note on Saturday, June 24th. Finally, UBS AG reissued a “neutral” rating and set a $33.00 price objective (down previously from $37.00) on shares of Bed Bath & Beyond in a research note on Monday, June 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.72.
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).
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