$0.37 EPS Expected for Bed Bath & Beyond Inc. (BBBY)

December 12, 2017 - By Peter Erickson

 $0.37 EPS Expected for Bed Bath & Beyond Inc. (BBBY)
Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.13, from 0.88 in 2017Q1. It turned negative, as 77 investors sold Bed Bath & Beyond Inc. shares while 140 reduced holdings. 44 funds opened positions while 118 raised stakes. 133.60 million shares or 0.63% more from 132.77 million shares in 2017Q1 were reported.
Ws Lllp owns 395,200 shares or 0.45% of their US portfolio. Personal Advsrs reported 0.11% stake. Invesco Ltd has invested 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Gulf International National Bank & Trust (Uk) Limited reported 0.02% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Fire Grp has invested 0.06% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Legal & General Grp Public Limited Company holds 0.02% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 969,011 shares. Glob X Management Lc holds 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 2,150 shares. Commonwealth Of Pennsylvania School Empls Retrmt invested in 10,784 shares. Petrus Tru Co Lta invested 1.5% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Pictet Asset Mngmt Limited invested in 105,458 shares or 0.01% of the stock. Advantus stated it has 0.01% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Commonwealth National Bank Of Aus holds 0.03% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 83,511 shares. Brown Brothers Harriman And reported 3.70 million shares or 0.61% of all its holdings. Glenmede Trust Na owns 25,609 shares. Gateway Inv Advisers Ltd holds 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 9,171 shares.

Analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report $0.37 EPS on December, 20.They anticipate $0.48 EPS change or 56.47 % from last quarter’s $0.85 EPS. BBBY’s profit would be $53.00M giving it 15.72 P/E if the $0.37 EPS is correct. After having $0.75 EPS previously, Bed Bath & Beyond Inc.’s analysts see -50.67 % EPS growth. The stock increased 0.78% or $0.18 during the last trading session, reaching $23.26. About 4.08 million shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since December 12, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Ratings Coverage

Among 30 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 7 Sell and 21 Hold. Therefore 7% are positive. Bed Bath & Beyond has $85 highest and $17 lowest target. $42.92’s average target is 84.52% above currents $23.26 stock price. Bed Bath & Beyond had 67 analyst reports since September 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) rating on Friday, September 15. Robert W. Baird has “Hold” rating and $35.0 target. The rating was maintained by Goldman Sachs with “Sell” on Thursday, June 23. Suntrust Robinson downgraded it to “Neutral” rating and $55 target in Wednesday, December 23 report. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Neutral” rating by Robert W. Baird on Friday, January 8. The rating was downgraded by SunTrust to “Neutral” on Wednesday, December 23. On Friday, September 25 the stock rating was maintained by Credit Agricole with “Neutral”. The rating was downgraded by Citigroup on Wednesday, January 27 to “Sell”. On Thursday, April 7 the stock rating was maintained by Citigroup with “Sell”. The firm earned “Neutral” rating on Thursday, June 23 by JP Morgan. Deutsche Bank maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, September 25 with “Hold” rating.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $3.33 billion. 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 juvenile products. It has a 5.94 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

More notable recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Benzinga.com which released: “5 Hot Stocks To Watch This Week” on December 11, 2017, also Fool.com with their article: “Why Bed Bath & Beyond Inc. Stock Popped Today” published on December 04, 2017, Seekingalpha.com published: “Buy Bed Bath Before Amazon Does” on November 21, 2017. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) were released by: Nasdaq.com and their article: “Bed, Bath & Beyond Reaches Analyst Target Price” published on December 05, 2017 as well as Reuters.com‘s news article titled: “Bed Bath & Beyond secures attorneys’ fees in ‘weak’ patent case” with publication date: December 09, 2017.

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