Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been given an average recommendation of “Hold” by the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.23.

BBBY has been the topic of a number of recent analyst reports. BidaskClub cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Saturday, August 4th. Standpoint Research cut shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Wells Fargo & Co reiterated a “sell” rating and set a $16.00 price target on shares of Bed Bath & Beyond in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Finally, Credit Suisse Group set a $20.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Friday, June 29th.

In other Bed Bath & Beyond news, insider Eugene A. Castagna sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $20.81, for a total transaction of $520,250.00. Following the sale, the insider now directly owns 124,255 shares in the company, valued at $2,585,746.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Bed Bath & Beyond by 28.0% during the second quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock worth $317,003,000 after buying an additional 3,478,265 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bed Bath & Beyond by 30.0% during the second quarter. Dimensional Fund Advisors LP now owns 9,663,353 shares of the retailer’s stock worth $192,540,000 after buying an additional 2,231,839 shares during the period. Contrarius Investment Management Ltd increased its stake in shares of Bed Bath & Beyond by 4.1% during the second quarter. Contrarius Investment Management Ltd now owns 6,596,392 shares of the retailer’s stock worth $131,433,000 after buying an additional 259,348 shares during the period. Prudential Financial Inc. increased its stake in shares of Bed Bath & Beyond by 557.6% during the first quarter. Prudential Financial Inc. now owns 2,840,003 shares of the retailer’s stock worth $59,611,000 after buying an additional 2,408,117 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Bed Bath & Beyond by 12.7% during the second quarter. Bank of New York Mellon Corp now owns 2,641,692 shares of the retailer’s stock worth $52,636,000 after buying an additional 297,632 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.

NASDAQ BBBY opened at $18.96 on Friday. Bed Bath & Beyond has a 12 month low of $16.52 and a 12 month high of $29.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 1.86. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.08 and a beta of 0.96.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Wednesday, June 27th. The retailer reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Bed Bath & Beyond had a net margin of 3.18% and a return on equity of 14.73%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Bed Bath & Beyond’s revenue for the quarter was up .4% compared to the same quarter last year. analysts predict that Bed Bath & Beyond will post 2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 3.38%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 20.51%.

About Bed Bath & Beyond

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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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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