Bed Bath & Beyond (BBBY) Receives News Impact Rating of 0.22

Bed Bath & Beyond (BBBY) Receives News Impact Rating of 0.22

These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:

News articles about Bed Bath & Beyond (NASDAQ:BBBY) have trended somewhat positive on Tuesday, according to Alpha One Sentiment. The research firm, a unit of Accern, scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bed Bath & Beyond earned a daily sentiment score of 0.22 on Alpha One’s scale. Alpha One also gave news articles about the retailer an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next several days.

A number of research firms have recently issued reports on BBBY. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Bed Bath & Beyond in a research report on Thursday, April 6th. Argus decreased their price objective on Bed Bath & Beyond from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 10th. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 11th. Loop Capital upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating and decreased their price objective for the company from $37.00 to $35.00 in a report on Friday, May 12th. Finally, Telsey Advisory Group decreased their price objective on Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.87.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 34.85 on Tuesday. Bed Bath & Beyond has a 52 week low of $34.36 and a 52 week high of $48.83. The stock’s 50 day moving average is $37.52 and its 200 day moving average is $40.66. The firm has a market cap of $4.98 billion, a P/E ratio of 7.61 and a beta of 0.85.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, April 5th. The retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Bed Bath & Beyond had a net margin of 5.95% and a return on equity of 27.65%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Bed Bath & Beyond will post $4.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 16th will be given a $0.15 dividend. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.13. The ex-dividend date is Wednesday, June 14th. This represents a $0.60 annualized dividend and a yield of 1.72%. Bed Bath & Beyond’s dividend payout ratio is 10.71%.

In other Bed Bath & Beyond news, CEO Steven H. Temares sold 200,000 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $39.83, for a total value of $7,966,000.00. Following the completion of the transaction, the chief executive officer now owns 603,515 shares in the company, valued at approximately $24,038,002.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven H. Temares sold 96,109 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $37.37, for a total transaction of $3,591,593.33. Following the completion of the transaction, the chief executive officer now owns 629,415 shares of the company’s stock, valued at approximately $23,521,238.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,706 shares of company stock valued at $13,679,409. 4.70% of the stock is owned by insiders.

About Bed Bath & Beyond

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! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BBBY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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