Bed Bath & Beyond (NASDAQ:BBBY) – KeyCorp issued their Q2 2019 earnings per share (EPS) estimates for shares of Bed Bath & Beyond in a report released on Wednesday, April 11th. KeyCorp analyst B. Thomas anticipates that the retailer will post earnings per share of $0.50 for the quarter. KeyCorp has a “Underweight” rating and a $16.00 price objective on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.00 EPS.
Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, April 11th. The retailer reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.07. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.68 billion. Bed Bath & Beyond had a net margin of 3.44% and a return on equity of 16.72%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 EPS.
BBBY opened at $17.20 on Friday. The stock has a market capitalization of $3,061.88, a PE ratio of 5.52, a P/E/G ratio of -3.89 and a beta of 1.00. Bed Bath & Beyond has a 1-year low of $17.19 and a 1-year high of $40.33. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Friday, June 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, June 14th. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.15. Bed Bath & Beyond’s dividend payout ratio is currently 19.23%.
Several large investors have recently made changes to their positions in the stock. Meitav Dash Investments Ltd. bought a new stake in shares of Bed Bath & Beyond during the 4th quarter valued at about $994,000. MetLife Investment Advisors LLC bought a new stake in shares of Bed Bath & Beyond during the 4th quarter valued at about $1,993,000. Glenmede Trust Co. NA grew its position in shares of Bed Bath & Beyond by 42.8% during the 4th quarter. Glenmede Trust Co. NA now owns 37,206 shares of the retailer’s stock valued at $817,000 after buying an additional 11,153 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Bed Bath & Beyond by 15.0% during the 4th quarter. Macquarie Group Ltd. now owns 35,300 shares of the retailer’s stock valued at $776,000 after buying an additional 4,600 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its position in shares of Bed Bath & Beyond by 9.9% during the 4th quarter. Vident Investment Advisory LLC now owns 61,336 shares of the retailer’s stock valued at $1,349,000 after buying an additional 5,521 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
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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 juvenile products.
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