William Blair Comments on Bed Bath & Beyond’s Q1 2020 Earnings (BBBY)

Bed Bath & Beyond (NASDAQ:BBBY) – Research analysts at William Blair issued their Q1 2020 earnings per share estimates for shares of Bed Bath & Beyond in a research note issued on Thursday, April 12th. William Blair analyst D. Hofkin forecasts that the retailer will post earnings of $0.24 per share for the quarter. William Blair also issued estimates for Bed Bath & Beyond’s Q2 2020 earnings at $0.32 EPS and Q3 2020 earnings at $0.09 EPS.

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Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, April 11th. The retailer reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.07. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Bed Bath & Beyond had a net margin of 3.44% and a return on equity of 16.45%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share.

BBBY has been the topic of a number of other research reports. Loop Capital set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Thursday, December 21st. Wedbush cut their price objective on shares of Bed Bath & Beyond from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 12th. KeyCorp cut their price objective on shares of Bed Bath & Beyond from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, April 12th. JPMorgan Chase cut their price objective on shares of Bed Bath & Beyond to $16.00 and set an “underweight” rating on the stock in a report on Thursday, April 12th. Finally, Zacks Investment Research raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Eleven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.00.

BBBY stock opened at $17.48 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 1.83. Bed Bath & Beyond has a twelve month low of $17.19 and a twelve month high of $40.33. The company has a market cap of $2,427.81, a price-to-earnings ratio of 5.60, a P/E/G ratio of -3.76 and a beta of 1.00.

Several institutional investors and hedge funds have recently made changes to their positions in BBBY. Ameriprise Financial Inc. grew its position in shares of Bed Bath & Beyond by 507.8% during the third quarter. Ameriprise Financial Inc. now owns 420,494 shares of the retailer’s stock worth $9,874,000 after acquiring an additional 351,316 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bed Bath & Beyond by 64.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock worth $80,364,000 after acquiring an additional 1,336,053 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Bed Bath & Beyond by 19.5% during the third quarter. Asset Management One Co. Ltd. now owns 294,593 shares of the retailer’s stock worth $6,914,000 after acquiring an additional 48,166 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Bed Bath & Beyond during the third quarter worth approximately $988,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Bed Bath & Beyond by 27.4% during the third quarter. Janney Montgomery Scott LLC now owns 16,537 shares of the retailer’s stock worth $388,000 after acquiring an additional 3,552 shares during the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Friday, June 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Bed Bath & Beyond’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.66%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 19.23%.

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Bed Bath & Beyond Company Profile

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 juvenile products.

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

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