Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) will release its quarterly results before market open on Wednesday, June 29. Analysts expect Bed Bath & Beyond to post earnings of ($1.28) per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last reported results on Wednesday, April 13. The retailer reported ($0.92) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.02 per ($0.94). Bed Bath & Beyond had a negative net margin of 7.11% and a negative return on equity of 14.09%. The company posted revenue of $2.05 billion for the quarter, versus a consensus estimate of $2.08 billion. During the same period of the previous year, the company achieved EPS of $0.40. The company’s revenue decreased by 21.7% compared to the same quarter last year. On average, analysts expect Bed Bath & Beyond to post EPS of -$2 for the current fiscal year and EPS of -$1 for the next fiscal year.
NASDAQ:BBBY shares opened at $6.70 on Wednesday. The company has a debt ratio of 6.77, a quick ratio of 0.31 and a current ratio of 1.14. The company has a market capitalization of $535.24 million, a PE ratio of -1.16 and a beta of 1.81. The company has a fifty-day moving average of $10.90 and a 200-day moving average of $15.18. Bed Bath & Beyond has a 52 week minimum of $5.95 and a 52 week maximum of $39.30.
Several brokerages have recently published reports on BBBY. Wells Fargo & Company lowered its price target on shares of Bed Bath & Beyond from $10.00 to $5.00 and set an “underweight” rating on the stock in a Wednesday, June 8 report. Telsey Advisory Group downgraded shares of Bed Bath & Beyond from an “outperforming” rating to a “market performing” rating and lowered its price target for the stock from $18.00 to $15.00 in a research note from Thursday, April 14. KeyCorp cut its price target on shares of Bed Bath & Beyond from $10.00 to $6.00 and set an “underweight” rating for the company in a Monday, June 13 research note. StockNews.com launched coverage on shares of Bed Bath & Beyond in a research report on Thursday, March 31. They set a “sell” rating for the company. Finally, B. Riley cut his price target on shares of Bed Bath & Beyond from $26.00 to $17.00 and set an “na” rating for the company in a Tuesday, May 17 research report. Eight investment analysts have rated the stock with a sell rating and three have assigned the stock a hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.08.
Hedge funds and other institutional investors have recently changed their stakes in the company. Covestor Ltd increased its stake in Bed Bath & Beyond by 15,521.2% in Q1. Covestor Ltd now owns 5,155 shares of the retailer worth $116,000 after acquiring a further 5,122 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Bed Bath & Beyond by 16.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,652 shares of the retailer valued at $172,000 after purchasing an additional 1,109 shares during the period. Janus Henderson Group PLC acquired a new position in Bed Bath & Beyond in the third quarter worth $200,000. Cetera Advisor Networks LLC acquired a new position in shares of Bed Bath & Beyond during the first quarter worth $231,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Bed Bath & Beyond during the first quarter worth $239,000.
About Bed Bath & Beyond (Get an assessment)
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of household goods, including bed linen and related items, bathware and kitchen textiles; and home furnishings, such as kitchenware and tableware, fine tableware, basic housewares, general home furnishings, consumables and miscellaneous children’s products.
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