Bed Bath & Beyond Inc. (NASDAQ:BBBY) to Issue $0.17 Quarterly Dividend

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Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced a quarterly dividend on Wednesday, October 2nd, RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.17 per share by the retailer on Tuesday, January 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, December 12th.

Bed Bath & Beyond has increased its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Bed Bath & Beyond has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bed Bath & Beyond to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 34.0%.

Shares of NASDAQ BBBY opened at $15.52 on Wednesday. Bed Bath & Beyond has a 12 month low of $7.31 and a 12 month high of $19.57. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.20 and a beta of 1.29. The company has a quick ratio of 0.52, a current ratio of 1.46 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $14.02 and a 200-day simple moving average of $11.46.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, October 2nd. The retailer reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Bed Bath & Beyond had a positive return on equity of 10.20% and a negative net margin of 6.36%. Bed Bath & Beyond’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, sell-side analysts expect that Bed Bath & Beyond will post 1.92 EPS for the current fiscal year.

BBBY has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $16.00 target price on shares of Bed Bath & Beyond in a research report on Thursday, October 10th. Bank of America set a $20.00 price target on shares of Bed Bath & Beyond and gave the company a “buy” rating in a research report on Thursday, October 10th. Raymond James raised shares of Bed Bath & Beyond to a “buy” rating in a research note on Thursday, October 10th. BidaskClub lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Jefferies Financial Group lowered their price objective on shares of Bed Bath & Beyond from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Bed Bath & Beyond presently has an average rating of “Hold” and an average price target of $14.44.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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Dividend History for Bed Bath & Beyond (NASDAQ:BBBY)

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