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Bed Bath Beyond Earns Underperform Recommendation at Bank of America Corporation

22 September 2017

617.46 million shares or 0.79% less from 622.36 million shares in 2017Q1 were reported. On Monday, September 28 the stock rating was maintained by Citigroup with "Neutral". (NASDAQ:BBBY). Aberdeen Asset Management Pcl Uk holds 0.02% of its portfolio in Bed Bath & Beyond Inc. The retailer reported $0.67 EPS for the quarter, missing the Zacks' consensus estimate of $0.95 by ($0.28). The business had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $3.01 billion.

Bed Bath & Beyond had a bad quarter, but the company saw a slight sales decline and profit margins that were better than the last reporting period. During the same quarter previous year, the firm posted $1.11 EPS.

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A number of other equities analysts also recently commented on the company. Barclays Capital maintained it with "Equal Weight" rating and $30 target in Wednesday, September 20 report.

What Historical Figures Say About Bed Bath & Beyond Inc. Morgan Stanley set a $30.00 price objective on Bed Bath & Beyond and gave the company a sell rating in a research note on Saturday, June 24th. KeyCorp reiterated an "underweight" rating and issued a $21.00 target price (down from $27.00) on shares of Bed Bath & Beyond in a report on Wednesday. Looking at the stock's movement on the chart, Bed Bath & Beyond Inc. recorded a 52-week high of $48.83. (NDAQ:BBBY), 0 have Buy rating, 3 Sell and 7 Hold. Bed Bath & Beyond presently has a consensus rating of "Hold" and a consensus price target of $29.56. (NASDAQ:BBBY) saw its share price decline nearly 16% on Wednesday as the company missed earning expectations and as a result the stock went plummeting. The company's market cap is $3.94 Billion, and the average volume is 4.03 Million. The ratio has dropped, as 162 investment managers started new or increased holdings, while 217 reduced and sold positions in Bed Bath & Beyond Inc.

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Moreover, Centurylink Invest Mgmt has 0.35% invested in Bed Bath & Beyond Inc. The stock is trading $28.51 its 50-day moving average by 5.77%. Bed Bath & Beyond also was the target of some unusual options trading on Wednesday. Hedge funds and other institutional investors own 93.30% of the company's stock. The stock exchanged hands with 25,001,968 numbers of shares compared to its average daily volume of 4.37M shares. Advisors Asset Management Inc. grew its holdings in shares of Bed Bath & Beyond by 26.2% during the first quarter.

Matthews International Capital Management Llc decreased Baidu Inc (BIDU) stake by 0.91% reported in 2017Q2 SEC filing. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Finally, Swiss National Bank lifted its stake in Bed Bath & Beyond by 1.7% in the 2nd quarter.

Looking into last 5 trades, the stock observed a return of nearly -22.92%.

21 analysts on average are expecting Bed Bath & Beyond report earnings of $0.67 per share for the current quarter. Glob X Lc invested in 0% or 2,150 shares. This represents a $0.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond's dividend payout ratio is now 15.42%.

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!