Bed Bath & Beyond Inc. Forecasted to Post FY2020 Earnings of $2.91 Per Share (BBBY)

Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Jefferies Group boosted their FY2020 earnings per share estimates for Bed Bath & Beyond in a report issued on Thursday. Jefferies Group analyst D. Binder now expects that the retailer will post earnings of $2.91 per share for the year, up from their prior forecast of $2.88. Jefferies Group currently has a “Underperform” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for Bed Bath & Beyond’s FY2021 earnings at $2.93 EPS and FY2022 earnings at $3.09 EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a return on equity of 8.99% and a net margin of 2.07%. Bed Bath & Beyond’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS.

Several other equities analysts also recently commented on the company. Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down previously from $28.00) on shares of Bed Bath & Beyond in a research report on Monday, September 18th. Zacks Investment Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Moffett Nathanson initiated coverage on Bed Bath & Beyond in a report on Monday, December 4th. They set a “neutral” rating for the company. KeyCorp dropped their price target on Bed Bath & Beyond from $21.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 15th. Finally, ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.24.

Bed Bath & Beyond (BBBY) traded up $0.93 during trading on Monday, hitting $22.43. The company had a trading volume of 11,075,700 shares, compared to its average volume of 3,555,228. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.33. The company has a market cap of $3,350.00, a P/E ratio of 6.45 and a beta of 1.10. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $42.35.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC increased its stake in shares of Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after buying an additional 4,290 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Bed Bath & Beyond by 928.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after purchasing an additional 3,463 shares during the period. Psagot Investment House Ltd. acquired a new stake in shares of Bed Bath & Beyond during the third quarter worth $217,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Bed Bath & Beyond during the third quarter worth $222,000. Finally, Oldfield Partners LLP grew its stake in shares of Bed Bath & Beyond by 381.8% during the third quarter. Oldfield Partners LLP now owns 10,600 shares of the retailer’s stock worth $249,000 after purchasing an additional 8,400 shares during the period. 91.72% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be paid a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 17.24%.

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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).

Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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