Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of about $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.12.
A number of equities analysts have commented on the stock. Wedbush set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Thursday. Loop Capital set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Thursday. Jefferies Group reduced their target price on shares of Bed Bath & Beyond to $25.00 and set an underperform rating for the company in a report on Friday. BidaskClub upgraded shares of Bed Bath & Beyond from a sell rating to a hold rating in a report on Thursday. Finally, Barclays reduced their target price on shares of Bed Bath & Beyond from $30.00 to $25.00 and set an equal weight rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.24.
Shares of Bed Bath & Beyond (BBBY) opened at $21.50 on Friday. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $44.29. The firm has a market capitalization of $3,593.95, a PE ratio of 6.81 and a beta of 1.10. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%. Bed Bath & Beyond’s dividend payout ratio is currently 17.24%.
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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