Economy

Revenue Estimates to see: Bed Bath & Beyond Inc. (BBBY)

Zacks Investment Research upgraded shares of Bed Bath & Beyond from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a research note on Tuesday, September 5th. Taking into consideration the dismal first half, impacts from Hurricane Harvey, higher transformation plans related costs and persistence of dismal trends, management trimmed forecasts for fiscal 2017.

Several equities analysts have issued reports on the company. ValuEngine lowered shares of Bed Bath & Beyond from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Telsey Advisory Group lowered their target price on Bed Bath & Beyond from $41.00 to $39.00 and set a "market perform" rating on the stock in a report on Tuesday, June 20th. Zacks Investment Research raised Bed Bath & Beyond from a "sell" rating to a "hold" rating in a report on Wednesday, March 15th. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 5 Sell, 16 Hold and 1 Underweight. Current price places the company's stock 2.43% away from its 200-day simple moving average, 17.08%, away from the 50-day average and also 6.27% away from 20-day average.

The company has a market cap of $5.74 billion, a price-to-earnings ratio of 8.30 and a beta of 0.85. (NASDAQ:BBBY) touched its 1-Year High price of $48.83 on 12/12/16 and its 1-Year Low price of $22.10 on 09/21/17. Over the last five days, shares have faced -15.53% losses and now is down -35.76% since hitting its 200-day moving average of $33.64. (NASDAQ:BBBY) issued an update on its FY18 earnings guidance on Tuesday morning. (BBBY) failed to surprise the stock market in its last reported earnings when it earned $0.77 a piece versus the consensus-estimated $0.95.

Returns and Valuations for Bed Bath & Beyond Inc. Over the past five trading sessions it is 3.31%; 17.15% for the month; 29.73% for the last quarter; 0.95% for the past six-months; and -34.3% for the last 12 months. During the same quarter in the prior year, the company posted $1.11 EPS.

For this year, Urban Outfitters, Inc.

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According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 3.3 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, December 15th will be issued a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.60%.

Bed Bath & Beyond Inc. has its outstanding Shares of 143.06 Million.

Several institutional investors and hedge funds have recently made changes to their positions in BBBY. Toronto Dominion Bank grew its stake in Bed Bath & Beyond by 19.6% in the 2nd quarter. LSV Asset Management now owns 1,315,995 shares of the retailer's stock valued at $40,006,000 after acquiring an additional 584,700 shares during the last quarter. FMR LLC raised its stake in shares of Bed Bath & Beyond by 9.9% in the second quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Bed Bath & Beyond by 928.4% in the second quarter. First Trust Advisors LP now owns 889,716 shares of the retailer's stock valued at $27,047,000 after acquiring an additional 633,465 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in Bed Bath & Beyond by 126.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,136,389 shares of the retailer's stock valued at $321,062,000 after acquiring an additional 872,036 shares during the period. Quinn Opportunity Partners LLC raised its stake in Bed Bath & Beyond by 15.3% during the 2nd quarter. The institutional investor owned 70,886 shares of the retailer's stock after purchasing an additional 57,722 shares during the quarter.

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!



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