Loop Capital Reaffirms Average Rating for Bed Bath & Beyond (NASDAQ:BBBY)

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Loop Capital reiterated their average rating on shares of Bed Bath & Beyond (NASDAQ:BBBY) in a research report released on Tuesday morning, The Fly reports. The brokerage currently has a $12.00 price objective on the retailer’s stock.

A number of other brokerages have also weighed in on BBBY. Telsey Advisory Group reissued a market perform rating and issued a $14.00 price objective (down from $20.00) on shares of Bed Bath & Beyond in a report on Wednesday, July 3rd. Wells Fargo & Co reissued a sell rating on shares of American States Water in a report on Tuesday, March 26th. UBS Group reissued a buy rating and issued a $70.00 price objective on shares of Lumentum in a report on Thursday, April 11th. Raymond James reaffirmed a hold rating on shares of Apple in a report on Tuesday, March 26th. Finally, Wolfe Research raised TD Ameritrade from an underperform rating to a market perform rating in a report on Wednesday, March 27th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $15.55.

Shares of BBBY stock opened at $10.89 on Tuesday. The company has a 50-day moving average price of $12.11. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 5.91 and a beta of 1.19. Bed Bath & Beyond has a fifty-two week low of $10.43 and a fifty-two week high of $20.38.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Bed Bath & Beyond had a positive return on equity of 9.49% and a negative net margin of 4.66%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. On average, equities analysts expect that Bed Bath & Beyond will post 1.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, September 12th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 33.17%.

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Bed Bath & Beyond by 13.6% during the first quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock worth $93,000 after purchasing an additional 653 shares in the last quarter. Mason Street Advisors LLC boosted its position in Bed Bath & Beyond by 1.1% during the first quarter. Mason Street Advisors LLC now owns 73,103 shares of the retailer’s stock worth $1,242,000 after purchasing an additional 792 shares in the last quarter. Signaturefd LLC boosted its position in Bed Bath & Beyond by 13.3% during the first quarter. Signaturefd LLC now owns 10,825 shares of the retailer’s stock worth $184,000 after purchasing an additional 1,268 shares in the last quarter. Rhumbline Advisers boosted its position in Bed Bath & Beyond by 0.3% during the first quarter. Rhumbline Advisers now owns 424,700 shares of the retailer’s stock worth $7,216,000 after purchasing an additional 1,313 shares in the last quarter. Finally, Investors Research Corp purchased a new position in Bed Bath & Beyond during the first quarter worth approximately $27,000. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Bed Bath & Beyond (NASDAQ:BBBY)

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