Jefferies Financial Group Weighs in on Bed Bath & Beyond Inc.’s Q4 2023 Earnings (NASDAQ:BBBY)

Bed Bath & Beyond Inc. (NASDAQ:BBBYGet Rating) – Equities research analysts at Jefferies Financial Group issued their Q4 2023 earnings estimates for shares of Bed Bath & Beyond in a research note issued on Wednesday, April 13th. Jefferies Financial Group analyst J. Matuszewski expects that the retailer will earn $0.34 per share for the quarter.

Bed Bath & Beyond (NASDAQ:BBBYGet Rating) last announced its quarterly earnings results on Wednesday, April 13th. The retailer reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.95). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Bed Bath & Beyond had a negative net margin of 7.11% and a negative return on equity of 14.09%. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share.

Several other equities analysts have also recently issued reports on BBBY. Wells Fargo & Company decreased their price target on shares of Bed Bath & Beyond from $20.00 to $10.00 in a research report on Wednesday. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $24.00 price objective for the company in a report on Wednesday, March 9th. StockNews.com started coverage on Bed Bath & Beyond in a report on Thursday, March 31st. They set a “sell” rating on the stock. Loop Capital decreased their price target on Bed Bath & Beyond from $14.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, January 7th. Finally, Morgan Stanley cut their price objective on Bed Bath & Beyond from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.50.

Shares of NASDAQ BBBY opened at $17.33 on Friday. The company has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $17.72. The company has a current ratio of 1.14, a quick ratio of 0.47 and a debt-to-equity ratio of 6.77. Bed Bath & Beyond has a 1 year low of $12.39 and a 1 year high of $44.51.

In related news, COO John R. Hartmann acquired 6,667 shares of the business’s stock in a transaction dated Tuesday, January 18th. The shares were bought at an average price of $15.00 per share, with a total value of $100,005.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of BBBY. First Trust Advisors LP raised its holdings in shares of Bed Bath & Beyond by 14.1% in the 1st quarter. First Trust Advisors LP now owns 270,168 shares of the retailer’s stock worth $4,590,000 after acquiring an additional 33,307 shares during the last quarter. Morgan Stanley increased its holdings in Bed Bath & Beyond by 973.2% during the 2nd quarter. Morgan Stanley now owns 7,023,868 shares of the retailer’s stock worth $233,824,000 after purchasing an additional 6,369,395 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Bed Bath & Beyond in the third quarter worth approximately $52,000. New York State Teachers Retirement System raised its stake in shares of Bed Bath & Beyond by 1.6% in the third quarter. New York State Teachers Retirement System now owns 161,982 shares of the retailer’s stock worth $2,798,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Westpac Banking Corp lifted its holdings in shares of Bed Bath & Beyond by 5.7% in the third quarter. Westpac Banking Corp now owns 271,500 shares of the retailer’s stock valued at $4,690,000 after purchasing an additional 14,700 shares in the last quarter.

About Bed Bath & Beyond (Get Rating)

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company 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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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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