Economy

Bed Bath & Beyond Inc. (BBBY) Declares $0.15 Quarterly Dividend

Zacks Investment Research cut shares of Bed Bath & Beyond Inc. The stock declined 0.38% or $0.11 reaching $28.75 per share. About 1.31M shares traded.

TRADEMARK VIOLATION WARNING: "Bed Bath & Beyond Inc". (NASDAQ:BBBY) has declined 16.34% since September 16, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

The volume of the particular stock is the shares bought and sold in a single trading day. BBBY generated revenue of $3.18 Billion in the same quarter, one year ago. Verizon Communications Inc now has $194.18 billion valuation.

The stock decreased 0.66% or $0.19 on September 15, reaching $28.67. AmerisourceBergen Corp. (NYSE:ABC) has risen 18.80% since September 15, 2016 and is uptrending. Insight Capital Research & Management Inc sold 122,844 shares as the company's stock declined 11.69% while stock markets rallied. Bed Bath & Beyond had 56 analyst reports since September 21, 2015 according to SRatingsIntel. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a "hold" rating in a research report on Saturday, June 24th. (NYSE:VZ) on Wednesday, July 27 to "Neutral" rating. UBS maintained it with "Neutral" rating and $45 target in Thursday, September 22 report. The firm has "Neutral" rating given on Thursday, December 24 by Credit Suisse. Investment Counsel ADV lifted its holdings in shares of Bed Bath & Beyond by 20.6% during the second quarter. It worsened, as 60 investors sold VZ shares while 658 reduced holdings.

Analysts await AmerisourceBergen Corp. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.09%. ABC's profit will be $304.45 million for 15.11 P/E if the $1.33 EPS becomes a reality. After $0.09 actual earnings per share reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Analyst Thoughts About Lumber Liquidators Holdings, Inc.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Thursday, June 22nd. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Comparatively, BBBY posted earnings of $1.04 per share in the same quarter, a year earlier. (BBBY) has the trading volume of 3.56 Million shares with the average trading volume of 3370 shares.

Insight Capital Research & Management Inc, which manages about $473.36M and $188.27 million US Long portfolio, upped its stake in Ishares Trust Russell 2000 Growth (IWO) by 2,200 shares to 4,115 shares, valued at $633,000 in 2016Q4, according to the filing.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.66% on Wednesday, hitting $28.67. Therefore 7% are positive.

Other analysts have also issued reports about the stock. The company was maintained on Friday, June 23 by Oppenheimer. Jefferies downgraded the shares of VZ in report on Thursday, April 7 to "Hold" rating. The stock has "Hold" rating by Cantor Fitzgerald on Friday, November 20. The short interest to Bed Bath & Beyond Incorporated's float is 12.88%. (NASDAQ:BBBY) has gone weaker by -32.77%. Robert W. Baird has "Neutral" rating and $50 target. On Monday, September 21 the stock rating was maintained by SunTrust with "Buy". Cantor Fitzgerald downgraded Bed Bath & Beyond Inc. "(BBBY) to Hold" was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. As per Friday, January 8, the company rating was maintained by Deutsche Bank. Becker Capital Management Inc who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $4.09 billion market cap company.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. It also upped Owens Corning New (NYSE:OC) stake by 9,376 shares and now owns 14,621 shares.

Investors sentiment decreased to 0.75 in Q4 2016. Its down 0.13, from 0.88 in 2016Q3. It is positive, as 59 investors sold BBBY shares while 178 reduced holdings. Commerzbank Aktiengesellschaft Fi has invested 0.01% in Bed Bath & Beyond Inc. Telsey Advisory Group maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 268,290 shares. Moreover, Farmers & Merchants Inc has 0% invested in Bed Bath & Beyond Inc. Cibc Markets Corporation invested in 0% or 10,423 shares. 22,782 are owned by Pnc Financial Grp. Nomura, a Japan-based fund reported 27,704 shares. Cibc Asset Management holds 0.01% or 19,734 shares in its portfolio. Bed Bath & Beyond has a 1-year low of $26.96 and a 1-year high of $48.83. Primecap Management Ca invested in 0.16% or 4.05 million shares. 1,386 are owned by Amica Retiree.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. (NASDAQ:BBBY). Bank Of New York Mellon Corporation owns 6.95M shares or 0.08% of their United States portfolio. Waddell And Reed owns 1.79 million shares. Stevens Cap Mngmt LP holds 0.06% or 35,463 shares.

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