Published: Wed, September 20, 2017
Economy | By Annette Adams

Bed Bath & Beyond Inc. (BBBY) Given Underweight Rating at KeyCorp

Bed Bath & Beyond Inc. (BBBY) Given Underweight Rating at KeyCorp

Frontier Capital Management Ltd Llc invested in 288 shares or 0% of the stock. Vivaldi Asset Management LLC owned 0.12% of Bed Bath & Beyond at the end of the most recent reporting period.

This was well below Wall Street's expectations for 93 USA cents a share on sales of US$3bn. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Bed Bath & Beyond in a research report on Saturday, June 24th. Given that liquidity is king in short-term, QEP is a stock with 241.46 million shares outstanding that normally trades 6.65% of its float.

For the full year, the retailer now expects to earn about $3 per share, with the balance of its future earnings split about 20 percent in the fiscal third quarter and about 80 percent in the fiscal fourth quarter. It seems that Bed Bath & Beyond Inc. The home goods retailer's earnings and sales for the quarter fell short of Wall Street expectations, sending its shares down 12 percent in the after-hours trading. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Bed Bath & Beyond by 21.6% during 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 purchasing an additional 872,036 shares during the period.

Several other hedge funds also recently made changes to their positions in BBBY. The stock of Bed Bath & Beyond Inc. (BBBY) opened at 27.03 on Wednesday. The correct version of this report can be accessed at SCX's distance from 20 day simple moving average is 23.20% and distance from 50-Day simple moving average is 17.31%.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.95 by ($0.28). (NASDAQ:BBBY) yearly performance is -37.63% and net profit margin is 5.20%.

Analysts have given a mean recommendation of 3.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). During the same period previous year, the company earned $1.11 EPS. The firm's revenue was down 1.7% compared to the same quarter past year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. (NASDAQ:BBBY) earned "Buy" rating by Cantor Fitzgerald on Friday, September 25. On Thursday, September 22 the stock rating was maintained by Citigroup with "Sell". This represents a $0.60 dividend on an annualized basis and a yield of 2.20%. Bed Bath & Beyond's dividend payout ratio (DPR) is presently 13.86%. (NASDAQ:BBBY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Robert W. Baird decreased their target price on shares of Bed Bath & Beyond from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday. Bed Bath & Beyond has an average rating of Hold and an average price target of $34.39. JP Morgan maintained the shares of HIK in report on Friday, May 12 with "Neutral" rating. DM stock price climbed 22.71% over the past year, yielding a positive weighted alpha of 19.1 percent. Finally, Wedbush cut their price target on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, July 4th. "(BBBY)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes.

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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