Bed Bath & Beyond (NASDAQ:BBBY) released its quarterly earnings results on Wednesday. The retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11), MarketWatch Earnings reports. Bed Bath & Beyond had a negative net margin of 1.91% and a negative return on equity of 10.67%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company earned ($0.38) earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis.
BBBY traded up $0.44 during midday trading on Friday, hitting $19.17. 555,382 shares of the company traded hands, compared to its average volume of 6,935,838. Bed Bath & Beyond has a 52 week low of $3.43 and a 52 week high of $26.16. The firm has a market capitalization of $2.42 billion, a PE ratio of -12.24 and a beta of 2.10. The company has a quick ratio of 0.68, a current ratio of 1.50 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average is $19.55 and its 200 day moving average is $15.91.
In other Bed Bath & Beyond news, Director Joshua Schechter purchased 1,500 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $19.87 per share, for a total transaction of $29,805.00. Following the purchase, the director now directly owns 21,016 shares of the company’s stock, valued at approximately $417,587.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harriet Edelman purchased 7,500 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of $19.94 per share, with a total value of $149,550.00. Following the completion of the purchase, the director now directly owns 27,828 shares in the company, valued at $554,890.32. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.
Bed Bath & Beyond Company Profile
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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