Equities analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report $3.67 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Bed Bath & Beyond’s earnings. The lowest sales estimate is $3.64 billion and the highest is $3.73 billion. Bed Bath & Beyond reported sales of $3.53 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, April 11th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year sales of $3.67 billion for the current year, with estimates ranging from $12.25 billion to $12.36 billion. For the next year, analysts expect that the firm will post sales of $12.09 billion per share, with estimates ranging from $11.90 billion to $12.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Bed Bath & Beyond.

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Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis.

A number of analysts have recently commented on BBBY shares. BidaskClub lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Credit Suisse Group set a $25.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, December 21st. Wedbush set a $23.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, February 20th. Finally, Morgan Stanley set a $22.00 price target on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Thursday, December 21st. Nine equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.39.

Bed Bath & Beyond (NASDAQ BBBY) traded up $0.38 during trading on Wednesday, reaching $22.25. The company’s stock had a trading volume of 5,594,415 shares, compared to its average volume of 2,483,917. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $40.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 1.67. The company has a market capitalization of $3,114.57, a PE ratio of 6.39, a PEG ratio of -3.91 and a beta of 1.10.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio is currently 17.24%.

In related news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the transaction, the vice president now directly owns 97,419 shares of the company’s stock, valued at $2,203,617.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of BBBY. Ffcm LLC increased its holdings in Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after purchasing an additional 4,290 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $121,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $149,000. Captrust Financial Advisors bought a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $151,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $180,000. 91.33% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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