Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s stock price traded up 9.7% during trading on Thursday . The company traded as high as $8.86 and last traded at $8.74, 10,609,977 shares changed hands during trading. An increase of 52% from the average session volume of 6,970,066 shares. The stock had previously closed at $7.97.

A number of research firms have issued reports on BBBY. ValuEngine cut shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. BidaskClub cut shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a report on Friday, August 16th. Goldman Sachs Group began coverage on shares of Bed Bath & Beyond in a report on Thursday, July 11th. They issued a “sell” rating and a $11.00 price target for the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $14.00 price target (down previously from $20.00) on shares of Bed Bath & Beyond in a report on Wednesday, July 3rd. Finally, Citigroup decreased their price target on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.55.

The stock has a market cap of $985.14 million, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 4.06 and a beta of 1.22. The stock’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $13.69. The company has a quick ratio of 0.48, a current ratio of 1.52 and a debt-to-equity ratio of 1.58.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Bed Bath & Beyond had a negative net margin of 4.66% and a positive return on equity of 9.49%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts predict that Bed Bath & Beyond Inc. will post 1.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.78%. Bed Bath & Beyond’s payout ratio is currently 33.17%.

Large investors have recently added to or reduced their stakes in the company. Investors Research Corp acquired a new stake in shares of Bed Bath & Beyond in the first quarter worth $27,000. Motco acquired a new stake in Bed Bath & Beyond during the first quarter valued at $30,000. Penserra Capital Management LLC acquired a new stake in Bed Bath & Beyond during the first quarter valued at $30,000. Parallel Advisors LLC grew its position in Bed Bath & Beyond by 13.6% during the first quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock valued at $93,000 after buying an additional 653 shares during the period. Finally, Anderson Fisher LLC acquired a new stake in Bed Bath & Beyond during the second quarter valued at $82,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

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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