Bed Bath & Beyond (NASDAQ:BBBY) Rating Reiterated by Loop Capital

Loop Capital restated their average rating on shares of Bed Bath & Beyond (NASDAQ:BBBY) in a research note published on Tuesday morning, The Fly reports. They currently have a $12.00 price objective on the retailer’s stock.

Several other equities analysts also recently weighed in on the company. Wedbush boosted their target price on Columbia Sportswear from $111.00 to $113.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Zacks Investment Research raised Green Brick Partners from a sell rating to a hold rating in a research report on Wednesday, April 10th. Evercore ISI assumed coverage on Polarityte in a research report on Wednesday, March 20th. They set an outperform rating and a $26.00 target price on the stock. Wells Fargo & Co reissued a sell rating on shares of American States Water in a research report on Tuesday, March 26th. Finally, Telsey Advisory Group reissued a market perform rating and set a $14.00 target price (down previously from $20.00) on shares of Bed Bath & Beyond in a research report on Wednesday, July 3rd. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Bed Bath & Beyond currently has an average rating of Hold and an average target price of $15.55.

NASDAQ:BBBY opened at $10.89 on Tuesday. The company has a market cap of $1.43 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 5.91 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average price of $12.11. Bed Bath & Beyond has a 1 year low of $10.43 and a 1 year high of $20.38.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. On average, equities research analysts expect that Bed Bath & Beyond will post 1.89 EPS for the current fiscal year.

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, September 12th. Bed Bath & Beyond’s payout ratio is currently 33.17%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp purchased a new position in Bed Bath & Beyond during the 1st quarter valued at $27,000. Motco purchased a new stake in shares of Bed Bath & Beyond in the 1st quarter worth $30,000. Penserra Capital Management LLC purchased a new stake in shares of Bed Bath & Beyond in the 1st quarter worth $30,000. Parallel Advisors LLC lifted its holdings in shares of Bed Bath & Beyond by 13.6% in the 1st quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock worth $93,000 after buying an additional 653 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Bed Bath & Beyond by 413.9% in the 4th quarter. Acadian Asset Management LLC now owns 6,490 shares of the retailer’s stock worth $73,000 after buying an additional 5,227 shares during the period. Institutional investors own 97.43% of the company’s stock.

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.

Featured Story: Terms to Better Understand Call Options

The Fly

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

Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.