Bed Bath & Beyond Inc. (BBBY) Plans $0.16 Quarterly Dividend

Bed Bath & Beyond Inc. (NASDAQ:BBBY) declared a quarterly dividend on Thursday, January 10th, Wall Street Journal reports. Investors of record on Friday, March 15th will be paid a dividend of 0.16 per share by the retailer on Tuesday, April 16th. This represents a $0.64 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, March 14th.

Bed Bath & Beyond has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bed Bath & Beyond to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.3%.

Shares of NASDAQ:BBBY opened at $14.29 on Friday. Bed Bath & Beyond has a twelve month low of $10.46 and a twelve month high of $24.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.75. The company has a market capitalization of $1.69 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 6.08 and a beta of 0.90.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, January 9th. The retailer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Bed Bath & Beyond’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Bed Bath & Beyond will post 2.02 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Wedbush cut their price target on shares of Bed Bath & Beyond from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wells Fargo & Co reaffirmed a “sell” rating and set a $11.00 price objective on shares of Bed Bath & Beyond in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 price objective (down previously from $16.00) on shares of Bed Bath & Beyond in a research note on Friday, January 4th. Finally, BidaskClub raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus price target of $14.23.

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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 various juvenile products.

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Dividend History for Bed Bath & Beyond (NASDAQ:BBBY)

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