Somewhat Positive Press Coverage Somewhat Unlikely to Impact Bed Bath & Beyond (BBBY) Share Price
News articles about Bed Bath & Beyond (NASDAQ:BBBY) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bed Bath & Beyond earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the retailer an impact score of 46.9328269894106 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Bed Bath & Beyond: Look Beyond The Headlines – Seeking Alpha (seekingalpha.com)
- Bed Bath & Beyond Inc. (BBBY) registers a price change of 0.95 … – Stocks Gallery (stocksgallery.com)
- Bed Bath & Beyond Whiffs Again — Should Investors Be Worried? (fool.com)
- Bed Bath & Beyond Inc. (BBBY) Expected to Post Q3 2018 Earnings of $0.36 Per Share (americanbankingnews.com)
- Bed Bath & Beyond’s Profitable Place In The Future Of Retail (seekingalpha.com)
A number of research firms have recently issued reports on BBBY. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Wolfe Research lowered Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $38.00 price target on shares of Bed Bath & Beyond in a report on Monday, June 19th. Robert W. Baird restated a “neutral” rating and issued a $38.00 price target (down previously from $42.00) on shares of Bed Bath & Beyond in a report on Monday, June 19th. Finally, Telsey Advisory Group lowered their price objective on shares of Bed Bath & Beyond from $41.00 to $39.00 and set a “market perform” rating for the company in a research report on Tuesday, June 20th. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.12.
Bed Bath & Beyond (NASDAQ BBBY) opened at 23.60 on Tuesday. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 6.03 and a beta of 1.11. Bed Bath & Beyond has a 12-month low of $22.10 and a 12-month high of $48.83. The stock has a 50 day moving average of $26.66 and a 200 day moving average of $32.56.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.28). The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. Bed Bath & Beyond’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. Equities research analysts anticipate that Bed Bath & Beyond will post $3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.54%. Bed Bath & Beyond’s dividend payout ratio is presently 15.42%.
About Bed Bath & Beyond
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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