Bed Bath & Beyond Reports Disappointing Results

Bed Bath & Beyond nosedives after cutting forecasts

Bed Bath & Beyond nosedives after cutting forecasts

(NASDAQ:BBBY)'s gross margin stands at 35.70%. The firm owned 185,336 shares of the retailer's stock after purchasing an additional 22,958 shares during the period. (BBBY). President and COO Castagna Eugene A sold 25,000 shares for $124,255 in transaction occurred on 2018/07/05. The home goods retailer said second-quarter earnings fell to United States dollars 48.6 Million, or 36 cents a share, from USD 94.2 Million, or 67 cents a share, a year ago.

8/14/2018-Bed Bath & Beyond Inc.

Technical Analysis of Bed Bath & Beyond Inc. Wells Fargo & Company MN lifted its position in Bed Bath & Beyond by 329.1% in the second quarter. Northern Trust Corp now owns 2,333,483 shares of the retailer's stock worth $46,495,000 after purchasing an additional 936,407 shares during the period. The stock now has Monthly Volatility of 3.08% and Weekly Volatility of 2.52%. (NASDAQ:BBBY), a Services sector firm, traded 8.61 Million shares in last trading session and stock tumbled -0.48% with closing price of $18.81 per share. The transaction was disclosed in a legal filing with the SEC, which is available at this link. For example, if the P/E ratio of a stock is 20 times earnings, an analyst compares that P/E ratio to other companies in the same industry and to the ratio for the broader market.

BBBY stock opened at $18.81 on Thursday. BEYOND+ members shop 2.5 times more than the retailer's average customer and generate four times higher revenue, Temares said, adding that the company continues to learn from the program's results to glean how to modify it. The stock is now 13.86% above against its bear-market low of $16.52 on May 09, 2018.

Analysts also use the price-to-earnings (P/E) ratio for stock valuation, which is calculated as market price per share ($18.81) divided by EPS (2.92). (NasdaqGS:BBBY)'s ROIC is 0.170873. The retailer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.02. The company gives a ROE of 14.00%.

JCP's price to sales ratio for trailing twelve months is 0.05 and price to book ratio for most recent quarter is 0.49, whereas price to cash per share for the most recent quarter is 3.25.

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Bed Bath & Beyond reported second-quarter revenue of $2.935 billion, flat compared to the second quarter of 2017 and about $20 million below the average analyst estimate.

EPS growth is an important number as it gives a suggestion of the future prospects of a company. It has a dividend yield of 3.40%.

Both the profitability ratios suggest a mixed sentiment for Bed Bath & Beyond Inc.

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Net earnings per diluted share for the full year are expected to be at the low end of its prior range at $2. The company presently has a consensus rating of "Hold" and a consensus price target of $19.71.

"The blunt truth is that Bed Bath & Beyond simply hasn't been up to the job of converting the momentum seen elsewhere in retail", Saunders wrote.

Recommended Story: What is a Stop Order? Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

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