Bed Bath & Beyond (NASDAQ:BBBY) released its quarterly earnings data on Wednesday. The retailer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11), MarketWatch Earnings reports. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.74 billion. Bed Bath & Beyond had a negative return on equity of 10.67% and a negative net margin of 1.91%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted ($0.38) EPS.
NASDAQ BBBY traded up $0.44 during mid-day trading on Friday, hitting $19.17. The stock had a trading volume of 555,382 shares, compared to its average volume of 6,935,838. Bed Bath & Beyond has a 52-week low of $3.43 and a 52-week high of $26.16. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -12.24 and a beta of 2.10. The company has a 50 day simple moving average of $19.55 and a 200 day simple moving average of $15.91. The company has a quick ratio of 0.68, a current ratio of 1.50 and a debt-to-equity ratio of 0.70.
In related news, Director Joshua Schechter purchased 1,500 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was bought at an average price of $19.87 per share, with a total value of $29,805.00. Following the completion of the transaction, the director now owns 21,016 shares of the company’s stock, valued at approximately $417,587.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harriet Edelman purchased 7,500 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were bought at an average cost of $19.94 per share, with a total value of $149,550.00. Following the transaction, the director now directly owns 27,828 shares of the company’s stock, valued at approximately $554,890.32. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
About Bed Bath & Beyond
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. The company 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.
Recommended Story: Buyback For Investors Defined
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.