Bed Bath & Beyond shares tumble after worse-than-expected sales

Elias Hubbard
September 20, 2017

(NASDAQ:BBBY) on Thursday, June 23 with "Neutral" rating. (BBBY) most recent 13F filing, the company has 44 new institutional holders - accounting for 4.45 million shares of its common stock. Bed Bath & Beyond had 58 analyst reports since September 21, 2015 according to SRatingsIntel.

Recently, In an analyst note revealed on Monday, 18 September, Bed Bath \u0026 Beyond (NASDAQ:BBBY) shares have had their "Neutral" Rating kept by analysts at Baird, who now has a $28 price target on firm. The Texas-based Sather Financial Group Inc has invested 2.42% in the stock. Finally, BidaskClub downgraded shares of Bed Bath & Beyond from a sell rating to a strong sell rating in a report on Thursday, August 24th. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average target price of $34.39. (NASDAQ:BBBY). Hennessy Advisors has invested 0.05% in Bed Bath & Beyond Inc. Bed Bath & Beyond has a 52 week low of $26.96 and a 52 week high of $48.83. The company has market cap of $3.87 billion. The stock has a 50 day moving average of $28.49 and a 200 day moving average of $33.73. (BBBY) on Tuesday reported fiscal second-quarter earnings of $94.2 million. The retailer reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.08). Out of 5 Wall Street analysts rating Bed Bath & Beyond, 0 give it "Buy", 1 "Sell" rating, while 4 recommend "Hold". The business had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $3.01 billion.

They expect $0.95 EPS, down 16.84% or $0.16 from last year's $1.11 per share. The Gfs Advisors Llc holds 1.30M shares with $6.72 million value, up from 1.18 million last quarter. Cognios Capital Llc reported 0.39% of its portfolio in Bed Bath & Beyond Inc.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Equities Focus and is owned by of Equities Focus. If you are viewing this news story on another website, it was copied illegally and republished in violation of United States & worldwide trademark and copyright laws. The stock of Bed Bath & Beyond Inc. Stockholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, September 14th. Brandywine Glob Investment Management Limited Liability Com stated it has 0.02% of its portfolio in Bed Bath & Beyond Inc.

The company said earnings were cut by charges impacted with its previously announced plans to "realign" its store-management structure to help overhaul its brick-and-mortar and online stores to compete with digital rivals. Amalgamated Bank boosted its holdings in shares of Bed Bath & Beyond by 0.3% in the 1st quarter.

Analysts' forecasts were well above those outcomes and missed completely, no doubt helping drive the shares down in after hours trading. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer's stock valued at $117,000 after purchasing an additional 3,463 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Bed Bath & Beyond by 928.4% in the 2nd quarter.

Presently Bed Bath & Beyond Inc. G2 Investment Partners Management Llc owns 368,203 shares or 2.22% of their USA portfolio.

Bed Bath & Beyond a retailer, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!

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