News headlines about Bed Bath & Beyond (NASDAQ:BBBY) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bed Bath & Beyond earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the retailer an impact score of 46.4911118431037 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- What Falling Estimates & Price Mean for Bed Bath & Beyond Inc. (BBBY) – Nasdaq (nasdaq.com)
- New Research: Key Drivers of Growth for Bed Bath and Beyond, The Finish Line, Exelixis, Garmin, Juno Therapeutics, and Mattel – A Look Behind the Scenes at Consolidated Results, Factors of Influence, Major Initiatives and Sustained Production (finance.yahoo.com)
- S&P Downgrades Bed Bath & Beyond to Near Junk Status (barrons.com)
- Bed Bath & Beyond, Inc. : BBBY-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 5, 2017 (finance.yahoo.com)
A number of equities analysts have recently issued reports on BBBY shares. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $38.00 target price on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Wedbush set a $30.00 price objective on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Saturday, June 24th. KeyCorp reiterated an “underweight” rating and issued a $21.00 price objective (down from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Finally, UBS AG reiterated a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.12.
Bed Bath & Beyond (NASDAQ:BBBY) opened at 22.91 on Monday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 5.85 and a beta of 1.11. Bed Bath & Beyond has a 52-week low of $22.10 and a 52-week high of $48.83. The company has a 50-day moving average of $26.11 and a 200-day moving average of $32.20.
Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business earned $1.11 earnings per share. Bed Bath & Beyond’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Bed Bath & Beyond will post $3.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.62%. Bed Bath & Beyond’s payout ratio is 15.42%.
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About Bed Bath & Beyond
Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).
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