Loop Capital Reaffirms “Average” Rating for Bed Bath & Beyond (NASDAQ:BBBY)

Loop Capital reaffirmed their average rating on shares of Bed Bath & Beyond (NASDAQ:BBBY) in a research report report published on Tuesday, The Fly reports. They currently have a $12.00 price objective on the retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI assumed coverage on shares of Polarityte in a research report on Wednesday, March 20th. They set an outperform rating and a $26.00 price objective for the company. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Wednesday, June 26th. Citigroup cut their price objective on shares of GrafTech International from $21.00 to $17.00 and set a buy rating for the company in a research report on Monday, April 1st. Finally, Morgan Stanley reissued an underweight rating and set a C$18.00 price objective on shares of WestJet Airlines in a research report on Friday, April 5th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given 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 $16.05.

NASDAQ:BBBY opened at $11.17 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 1.88. Bed Bath & Beyond has a 12 month low of $10.43 and a 12 month high of $20.43. The company has a market cap of $1.48 billion, a P/E ratio of 5.45, a PEG ratio of 5.84 and a beta of 1.19. The stock has a 50 day moving average of $12.16.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, July 10th. The retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Bed Bath & Beyond had a negative net margin of 4.66% and a positive return on equity of 8.87%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities analysts predict that Bed Bath & Beyond will post 1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Thursday, September 12th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 33.17%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBBY. Investors Research Corp purchased a new position in shares of Bed Bath & Beyond during the 1st quarter valued at $27,000. Motco purchased a new position in shares of Bed Bath & Beyond during the 1st quarter valued at $30,000. Penserra Capital Management LLC purchased a new position in shares of Bed Bath & Beyond during the 1st quarter valued at $30,000. Acadian Asset Management LLC lifted its stake in shares of Bed Bath & Beyond by 413.9% during the 4th quarter. Acadian Asset Management LLC now owns 6,490 shares of the retailer’s stock valued at $73,000 after buying an additional 5,227 shares in the last quarter. Finally, Psagot Investment House Ltd. purchased a new position in shares of Bed Bath & Beyond during the 4th quarter valued at $79,000. Institutional investors own 97.43% of the company’s stock.

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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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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