Bed Bath & Beyond (NASDAQ:BBBY) Announces Quarterly Earnings Results

Bed Bath & Beyond (NASDAQ:BBBY) issued its quarterly earnings results on Wednesday. The retailer reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11), MarketWatch Earnings reports. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Bed Bath & Beyond had a negative return on equity of 10.67% and a negative net margin of 1.91%. Bed Bath & Beyond’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.38) EPS.

Bed Bath & Beyond stock opened at $18.73 on Friday. Bed Bath & Beyond has a twelve month low of $3.43 and a twelve month high of $26.16. The stock has a 50 day moving average of $19.55 and a two-hundred day moving average of $15.91. The company has a quick ratio of 0.68, a current ratio of 1.50 and a debt-to-equity ratio of 0.70.

Several research analysts have recently issued reports on BBBY shares. TheStreet raised Bed Bath & Beyond from a “d” rating to a “c-” rating in a research report on Thursday, October 1st. ValuEngine cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Telsey Advisory Group raised Bed Bath & Beyond from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, October 29th. Wedbush reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Bed Bath & Beyond in a research report on Monday, October 26th. Finally, Loop Capital upped their price objective on Bed Bath & Beyond from $9.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $17.56.

In other Bed Bath & Beyond news, Director Harriet Edelman bought 7,500 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $19.94 per share, with a total value of $149,550.00. Following the purchase, the director now owns 27,828 shares in the company, valued at approximately $554,890.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joshua Schechter bought 1,500 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average cost of $19.87 per share, with a total value of $29,805.00. Following the completion of the purchase, the director now owns 21,016 shares in the company, valued at approximately $417,587.92. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

About Bed Bath & Beyond

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

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