Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Equities research analysts at KeyCorp reduced their FY2020 EPS estimates for Bed Bath & Beyond in a research note issued to investors on Tuesday, July 9th. KeyCorp analyst B. Thomas now forecasts that the retailer will post earnings of $1.95 per share for the year, down from their prior estimate of $2.05. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s FY2021 earnings at $2.14 EPS.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, July 10th. The retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. Bed Bath & Beyond’s revenue was down 6.6% on a year-over-year basis.
Bed Bath & Beyond stock opened at $10.89 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.52 and a quick ratio of 0.62. Bed Bath & Beyond has a 52 week low of $10.43 and a 52 week high of $20.38. The firm has a market cap of $1.43 billion, a PE ratio of 5.31, a P/E/G ratio of 5.91 and a beta of 1.19. The stock’s fifty day simple moving average is $12.11.
Institutional investors and hedge funds have recently modified their holdings of the business. Investors Research Corp acquired a new position in Bed Bath & Beyond in the 1st quarter worth about $27,000. Motco acquired a new position in Bed Bath & Beyond in the 1st quarter worth about $30,000. Penserra Capital Management LLC acquired a new position in Bed Bath & Beyond in the 1st quarter worth about $30,000. Parallel Advisors LLC increased its stake in shares of Bed Bath & Beyond by 13.6% in the first quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock valued at $93,000 after buying an additional 653 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Bed Bath & Beyond by 413.9% in the fourth 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 during the period. 97.43% of the stock is owned by institutional investors and hedge funds.
The company 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 $0.17 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.68 dividend on an annualized basis and a yield of 6.24%. Bed Bath & Beyond’s payout ratio is presently 33.17%.
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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