Bed Bath & Beyond (NASDAQ:BBBY) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a sell rating to a strong sell rating in a report issued on Friday, BidAskClub reports.

BBBY has been the topic of several other reports. Bank of America set a $25.00 price target on Bed Bath & Beyond and gave the stock a buy rating in a research report on Tuesday, July 2nd. Morgan Stanley reduced their price target on Bed Bath & Beyond from $20.00 to $13.00 and set an equal weight rating on the stock in a research report on Friday, July 12th. TheStreet lowered Bed Bath & Beyond from a c- rating to a d+ rating in a research report on Monday, July 22nd. ValuEngine lowered Bed Bath & Beyond from a sell rating to a strong sell rating in a research report on Wednesday, May 1st. Finally, Raymond James reduced their price target on Bed Bath & Beyond from $20.00 to $17.00 and set a strong-buy rating on the stock in a research report on Friday, July 12th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $15.55.

Shares of NASDAQ:BBBY traded up $0.08 during midday trading on Friday, hitting $7.48. The company had a trading volume of 6,090,300 shares, compared to its average volume of 7,418,637. Bed Bath & Beyond has a 12 month low of $7.31 and a 12 month high of $19.59. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.58. The stock has a market cap of $955.72 million, a price-to-earnings ratio of 3.65, a PEG ratio of 4.12 and a beta of 1.22. The firm has a fifty day simple moving average of $9.93 and a 200 day simple moving average of $13.89.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Bed Bath & Beyond had a positive return on equity of 9.49% and a negative net margin of 4.66%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company earned $0.32 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Bed Bath & Beyond will post 1.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.68 annualized dividend and a yield of 9.09%. Bed Bath & Beyond’s dividend payout ratio is presently 33.17%.

A number of hedge funds have recently bought and sold shares of the business. Investors Research Corp acquired a new stake in shares of Bed Bath & Beyond in the 1st quarter valued at about $27,000. Motco acquired a new stake in shares of Bed Bath & Beyond in the 1st quarter valued at about $30,000. Penserra Capital Management LLC acquired a new stake in shares of Bed Bath & Beyond in the 1st quarter valued at about $30,000. Anderson Fisher LLC acquired a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at about $82,000. Finally, Captrust Financial Advisors raised its stake in shares of Bed Bath & Beyond by 7,000.0% in the 2nd quarter. Captrust Financial Advisors now owns 7,100 shares of the retailer’s stock valued at $84,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other 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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