Bed Bath & Beyond (BBBY) was Initiated by Topeka Capital Markets to “Sell” and the brokerage firm has set the Price Target at $37. Topeka Capital Markets advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Bed Bath & Beyond. Barclays Initiated Bed Bath & Beyond on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $50.Bed Bath & Beyond was Initiated by Guggenheim to “Neutral” on Mar 16, 2016. Bed Bath & Beyond was Upgraded by Wolfe Research to ” Peer Perform” on Feb 26, 2016.
On the company’s financial health, Bed Bath & Beyond reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $1.80. The company had revenue of $3417.89 million for the quarter, compared to analysts expectations of $3386.15 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS.
Bed Bath & Beyond opened for trading at $42.11 and hit $42.67 on the upside on Friday, eventually ending the session at $42.67, with a gain of 1.04% or 0.44 points. The heightened volatility saw the trading volume jump to 21,04,208 shares. Company has a market cap of $6,649,351 M.
Investors should note that on Apr 6, 2016, Bed Bath & Beyond announced a cash dividend of $0.1250. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jul 19, 2016.
In a different news, on May 12, 2016, Steven H Temares (Chief Executive Officer) sold 223,678 shares at $45.81 per share price. According to the SEC, on Apr 22, 2016, Arthur Stark (President and CMO) sold 17,139 shares at $49.16 per share price. On Apr 19, 2016, Matthew Fiorilli (Senior VP – Stores) sold 41,029 shares at $49.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.