Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Investment analysts at Jefferies Financial Group lowered their Q2 2021 earnings estimates for shares of Bed Bath & Beyond in a research note issued on Thursday, July 9th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the retailer will earn ($0.54) per share for the quarter, down from their previous estimate of ($0.35). Jefferies Financial Group also issued estimates for Bed Bath & Beyond’s Q3 2021 earnings at ($0.55) EPS, Q4 2021 earnings at $0.44 EPS, FY2021 earnings at ($2.62) EPS and FY2022 earnings at ($0.55) EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, July 8th. The retailer reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.42) by ($0.54). Bed Bath & Beyond had a negative net margin of 5.51% and a negative return on equity of 11.52%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $0.12 EPS. The firm’s revenue for the quarter was down 49.2% compared to the same quarter last year.

Several other research firms also recently commented on BBBY. Wells Fargo & Co reissued a “sell” rating and issued a $8.00 target price on shares of Bed Bath & Beyond in a report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of Bed Bath & Beyond from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. BidaskClub upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Credit Suisse Group decreased their target price on Bed Bath & Beyond from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, Bank of America increased their price target on Bed Bath & Beyond from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.70.

Shares of BBBY opened at $7.73 on Monday. The firm has a market cap of $1.04 billion, a P/E ratio of -1.76 and a beta of 2.47. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.55 and a quick ratio of 0.64. Bed Bath & Beyond has a 1 year low of $3.43 and a 1 year high of $17.79. The company has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $9.66.

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Alpha LLC bought a new stake in shares of Bed Bath & Beyond in the 4th quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in Bed Bath & Beyond in the fourth quarter worth about $16,288,000. Psagot Investment House Ltd. purchased a new position in shares of Bed Bath & Beyond during the fourth quarter valued at approximately $121,000. Penserra Capital Management LLC grew its stake in shares of Bed Bath & Beyond by 97.0% during the fourth quarter. Penserra Capital Management LLC now owns 7,072 shares of the retailer’s stock valued at $105,000 after buying an additional 3,482 shares during the last quarter. Finally, NuWave Investment Management LLC raised its holdings in shares of Bed Bath & Beyond by 2,007.9% in the first quarter. NuWave Investment Management LLC now owns 9,928 shares of the retailer’s stock worth $42,000 after buying an additional 9,457 shares during the period.

Bed Bath & Beyond Company Profile

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

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