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

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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 Thomson Reuters’ consensus estimate of $0.19 by ($0.11), MarketWatch Earnings reports. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.74 billion. Bed Bath & Beyond had a negative return on equity of 10.67% and a negative net margin of 1.91%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.38) EPS.

Shares of BBBY stock traded up $0.20 during trading hours on Friday, reaching $18.93. 670,964 shares of the company were exchanged, compared to its average volume of 6,935,838. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 0.68. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -12.24 and a beta of 2.10. The stock’s fifty day moving average is $19.55 and its two-hundred day moving average is $15.91. Bed Bath & Beyond has a fifty-two week low of $3.43 and a fifty-two week high of $26.16.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Bed Bath & Beyond from $10.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, October 2nd. BidaskClub downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, December 8th. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Loop Capital raised their target price on shares of Bed Bath & Beyond from $9.00 to $18.00 and gave the company a “hold” rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company restated a “sell” rating and set a $17.00 price target on shares of Bed Bath & Beyond in a report on Thursday, October 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.50.

In other Bed Bath & Beyond news, Director Joshua Schechter bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were acquired at an average cost of $19.87 per share, for a total transaction of $29,805.00. Following the transaction, the director now directly owns 21,016 shares in the company, valued at $417,587.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harriet Edelman purchased 7,500 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $19.94 per share, with a total value of $149,550.00. Following the acquisition, the director now owns 27,828 shares in the company, valued at approximately $554,890.32. The disclosure for this purchase can be found here. 1.30% of the stock is currently 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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Earnings History for Bed Bath & Beyond (NASDAQ:BBBY)

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