Bed Bath & Beyond Inc. (NASDAQ:BBBY) declared a quarterly dividend on Thursday, September 27th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.16 per share by the retailer on Tuesday, January 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, December 13th.
Bed Bath & Beyond has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bed Bath & Beyond to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 40.8%.
Shares of Bed Bath & Beyond stock opened at $12.45 on Friday. The firm has a market capitalization of $1.71 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 6.16 and a beta of 0.92. Bed Bath & Beyond has a 12 month low of $11.97 and a 12 month high of $24.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.75.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13). The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.96 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. As a group, equities research analysts expect that Bed Bath & Beyond will post 2.01 EPS for the current fiscal year.
Several brokerages have issued reports on BBBY. Zacks Investment Research raised shares of Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, November 27th. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Raymond James raised shares of Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research note on Monday, September 17th. KeyCorp dropped their price objective on shares of Bed Bath & Beyond from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, September 27th. Finally, ValuEngine cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.64.
About Bed Bath & Beyond
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 various juvenile products.
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