Jefferies Group LLC reaffirmed their hold rating on shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) in a research report released on Thursday morning. They currently have a $34.00 price objective on the retailer’s stock.

A number of other equities analysts also recently commented on BBBY. Loop Capital restated a sell rating and issued a $35.00 price objective on shares of Bed Bath & Beyond in a report on Thursday, March 30th. Telsey Advisory Group cut their price objective on Bed Bath & Beyond from $42.00 to $41.00 and set a market perform rating on the stock in a report on Thursday, April 6th. Wedbush dropped their target price on Bed Bath & Beyond from $42.00 to $38.00 and set a neutral rating on the stock in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Bed Bath & Beyond in a report on Thursday, April 6th. Finally, Citigroup Inc. dropped their target price on Bed Bath & Beyond from $40.00 to $35.00 and set a sell rating on the stock in a report on Friday, April 7th. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $35.24.

Shares of Bed Bath & Beyond (NASDAQ BBBY) traded up 1.77% during trading on Thursday, hitting $29.82. The stock had a trading volume of 2,009,280 shares. The company has a market cap of $4.20 billion, a P/E ratio of 6.86 and a beta of 1.13. Bed Bath & Beyond has a one year low of $27.99 and a one year high of $48.83. The stock’s 50-day moving average price is $31.17 and its 200-day moving average price is $36.81.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, equities research analysts forecast that Bed Bath & Beyond will post $4.03 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. Bed Bath & Beyond’s payout ratio is 13.86%.

In other news, CEO Steven H. Temares sold 96,109 shares of Bed Bath & Beyond stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $37.37, for a total value of $3,591,593.33. Following the completion of the transaction, the chief executive officer now owns 629,415 shares in the company, valued at approximately $23,521,238.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $106,000. Cutler Group LP raised its position in shares of Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock valued at $115,000 after buying an additional 8,027 shares during the last quarter. First Manhattan Co. raised its position in shares of Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock valued at $127,000 after buying an additional 500 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock valued at $127,000 after buying an additional 440 shares during the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of Bed Bath & Beyond during the second quarter valued at approximately $141,000. Institutional investors own 92.61% of the company’s stock.

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).

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

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