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.
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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