Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) will be posting its quarterly earnings results before the market opens on Wednesday, April 13th. Analysts expect Bed Bath & Beyond to post earnings of $0.04 per share for the quarter. Bed Bath & Beyond has set its Q4 guidance at $0.00-0.15 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Bed Bath & Beyond (NASDAQ:BBBY – Get Rating) last issued its quarterly earnings results on Thursday, January 6th. The retailer reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.27). Bed Bath & Beyond had a positive return on equity of 3.22% and a negative net margin of 4.64%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.08 EPS. The company’s quarterly revenue was down 28.3% compared to the same quarter last year. On average, analysts expect Bed Bath & Beyond to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ BBBY opened at $21.81 on Wednesday. The business has a fifty day moving average price of $18.87 and a two-hundred day moving average price of $17.89. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.33 and a quick ratio of 0.47. Bed Bath & Beyond has a fifty-two week low of $12.39 and a fifty-two week high of $44.51. The stock has a market capitalization of $2.10 billion, a PE ratio of -5.59 and a beta of 1.60.
A number of analysts have weighed in on the company. B. Riley increased their price target on Bed Bath & Beyond from $19.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, March 28th. UBS Group dropped their target price on shares of Bed Bath & Beyond from $20.00 to $13.00 and set a “sell” rating on the stock in a research report on Tuesday, January 4th. Robert W. Baird lowered their price target on shares of Bed Bath & Beyond from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, January 7th. Loop Capital reduced their price objective on shares of Bed Bath & Beyond from $14.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, January 7th. Finally, Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Wednesday, March 9th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bed Bath & Beyond presently has an average rating of “Hold” and an average target price of $17.15.
In other Bed Bath & Beyond news, CFO Gustavo Arnal purchased 15,000 shares of the firm’s stock in a transaction on Friday, January 7th. The shares were acquired at an average cost of $13.81 per share, for a total transaction of $207,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregg A. Melnick purchased 7,195 shares of the firm’s stock in a transaction on Wednesday, January 12th. The stock was acquired at an average price of $13.82 per share, for a total transaction of $99,434.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 33,862 shares of company stock worth $475,490. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department increased its stake in shares of Bed Bath & Beyond by 5.3% in the fourth quarter. State of Tennessee Treasury Department now owns 61,464 shares of the retailer’s stock worth $896,000 after purchasing an additional 3,116 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Bed Bath & Beyond in the third quarter worth $200,000. Virtu Financial LLC purchased a new stake in shares of Bed Bath & Beyond in the fourth quarter worth $367,000. Marshall Wace LLP purchased a new stake in shares of Bed Bath & Beyond in the fourth quarter worth $459,000. Finally, LPL Financial LLC purchased a new stake in shares of Bed Bath & Beyond in the fourth quarter worth $705,000.
About Bed Bath & Beyond
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. 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.