Bed Bath & Beyond (NASDAQ:BBBY) – Stock analysts at Jefferies Group decreased their Q4 2019 earnings estimates for Bed Bath & Beyond in a report released on Wednesday, April 11th. Jefferies Group analyst D. Binder now forecasts that the retailer will earn $1.39 per share for the quarter, down from their prior estimate of $1.45. Jefferies Group has a “Underperform” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for Bed Bath & Beyond’s FY2023 earnings at $2.25 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 consensus estimate of $1.41 by $0.07. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.68 billion. Bed Bath & Beyond had a return on equity of 16.72% and a net margin of 3.44%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS.
NASDAQ:BBBY opened at $17.28 on Friday. The firm has a market cap of $3,061.88, a PE ratio of 5.54, a PEG ratio of -3.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.31. Bed Bath & Beyond has a 52-week low of $17.19 and a 52-week high of $40.33.
A number of institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC increased its position in Bed Bath & Beyond by 10.0% during the 4th quarter. Verition Fund Management LLC now owns 29,909 shares of the retailer’s stock worth $658,000 after purchasing an additional 2,715 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Bed Bath & Beyond by 27.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after purchasing an additional 3,552 shares in the last quarter. Macquarie Group Ltd. increased its position in Bed Bath & Beyond by 15.0% during the 4th quarter. Macquarie Group Ltd. now owns 35,300 shares of the retailer’s stock worth $776,000 after purchasing an additional 4,600 shares in the last quarter. Vident Investment Advisory LLC increased its position in Bed Bath & Beyond by 10.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 55,815 shares of the retailer’s stock worth $1,310,000 after purchasing an additional 5,348 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Bed Bath & Beyond during the 4th quarter worth about $121,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.
The business 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 yield of 3.70%. The ex-dividend date is Thursday, June 14th. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.15. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 19.23%.
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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