Bed Bath & Beyond (BBBY) Research Coverage Started at Moffett Nathanson

Moffett Nathanson assumed coverage on shares of Bed Bath & Beyond (NASDAQ:BBBY) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm issued a neutral rating on the retailer’s stock.

BBBY has been the topic of a number of other reports. Zacks Investment Research raised shares of Bed Bath & Beyond from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Tuesday, September 5th. UBS reaffirmed a neutral rating and issued a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 14th. Telsey Advisory Group dropped their price target on shares of Bed Bath & Beyond from $32.00 to $21.00 and set a market perform rating on the stock in a research note on Wednesday, September 20th. BidaskClub downgraded shares of Bed Bath & Beyond from a sell rating to a strong sell rating in a research note on Thursday, August 24th. Finally, Jefferies Group reaffirmed a hold rating and issued a $25.00 price target (down from $34.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 21st. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $27.88.

Shares of Bed Bath & Beyond (BBBY) opened at $23.09 on Monday. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $48.83. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $3,447.68, a price-to-earnings ratio of 5.86 and a beta of 1.10.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Zacks’ 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 last year, the company posted $1.11 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. sell-side analysts expect that Bed Bath & Beyond will post 2.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is 15.42%.

A number of institutional investors have recently bought and sold shares of BBBY. Quinn Opportunity Partners LLC boosted its holdings in Bed Bath & Beyond by 15.3% during the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after acquiring an additional 10,000 shares during the period. LS Investment Advisors LLC boosted its holdings in Bed Bath & Beyond by 59.4% during the third quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock valued at $392,000 after acquiring an additional 6,217 shares during the period. Riverhead Capital Management LLC boosted its holdings in Bed Bath & Beyond by 9.0% during the second quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock valued at $5,233,000 after acquiring an additional 14,236 shares during the period. Swiss National Bank boosted its holdings in Bed Bath & Beyond by 1.7% during the second quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock valued at $16,635,000 after acquiring an additional 9,000 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in Bed Bath & Beyond during the second quarter valued at about $1,096,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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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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