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Bed Bath & Beyond first-quarter earnings miss estimates
Posted On Jun 23 2016
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The disclosure for this sale can be found here.
Same-store sales in the USA, a closely watched measure, decreased 0.5 percent in the quarter. Confluence Investment Management LLC now owns 495,915 shares of the retailer’s stock valued at $23,928,000 after buying an additional 45,014 shares during the last quarter. BBBY VP, CAO & Controller Smith Mark W. also sold 568 shares, at a stock price of $26.53.
The bank rates Bed Bath & Beyond share underperform. Following this ratio, Bed Bath & Beyond Inc.
In addition to JP Morgan reporting it’s stock price target, a total of 19 firms have issued a report on Bed Bath & Beyond Inc. Finally, Barclays initiated coverage on Bed Bath & Beyond in a research report on Wednesday, March 30th. In a research note issued to the investors, the brokerage major Lowers the price-target to $47.00 per share. (NASDAQ:BBBY)’s shares an ABR of N/A. This number is scaled on a one to five basis, with one being a strong “Buy” and five being a strong “sell”. They now have a Dollars 51 price target on the stock. Bed Bath & Beyond Inc. are listed in the Consumer Services sector within NASDAQ.
The Company’s Board of Directors has declared a quarterly dividend of $.125 per share, to be paid on October 18, 2016 to shareholders of record as of September 16, 2016. The company has market capitalization of $6.63B. Technical View The technical analysis of Bed Bath & Beyond Inc. plainly substantiates that the 50-day moving average of Bed Bath & Beyond Inc.is $43.89, and stock is hovering -0.37 or -0.84% distant from $43.89. At $43.81, BBBY is now trading near its 52 week low of $41.26.
Bed Bath & Beyond (NASDAQ:BBBY) -4.8% AH after reporting weaker than expected FQ1 earnings on flat sales, as the company continues to struggle with the shift away from brick-and-mortar stores. The results missed analysts’ estimates. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company had revenue of $2738.08 million for the quarter, compared to analysts expectations of $2777.22 million. On average, equities research analysts anticipate that Bed Bath & Beyond will post $4.99 EPS for the current fiscal year.
