Bed Bath & Beyond (NASDAQ:BBBY) announced its quarterly earnings results on Wednesday. The retailer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.11), MarketWatch Earnings reports. Bed Bath & Beyond had a negative return on equity of 10.67% and a negative net margin of 1.91%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company earned ($0.38) earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year.
Shares of NASDAQ:BBBY traded up $0.46 during midday trading on Friday, reaching $19.19. The company’s stock had a trading volume of 372,711 shares, compared to its average volume of 6,935,838. Bed Bath & Beyond has a fifty-two week low of $3.43 and a fifty-two week high of $26.16. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -12.24 and a beta of 2.10. The firm has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $15.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.68 and a current ratio of 1.50.
In other news, Director Joshua Schechter bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average cost of $19.87 per share, with a total value of $29,805.00. Following the transaction, the director now directly owns 21,016 shares of the company’s stock, valued at approximately $417,587.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harriet Edelman acquired 7,500 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were bought at an average cost of $19.94 per share, with a total value of $149,550.00. Following the completion of the acquisition, the director now directly owns 27,828 shares in the company, valued at approximately $554,890.32. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.
Bed Bath & Beyond Company Profile
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. The company 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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