Bed Bath & Beyond(NASDAQ:BBBY) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 22, 2016. Company reported revenue of $2.74B. Analysts estimated a revenue of $2.78B. Earnings per share were $0.80. Analysts had estimated an EPS of $0.86.
In a different note, On Jun 15, 2016, UBS said it Maintains its rating on Bed Bath & Beyond. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Neutral’ by the firm. Topeka Capital said it Initiates Coverage on Bed Bath & Beyond, according to a research note issued on May 24, 2016. The shares have been rated ‘Sell’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on Bed Bath & Beyond. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Sell’ by the firm. On Mar 31, 2016, Credit Suisse said it Maintains its rating on Bed Bath & Beyond. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Neutral’ by the firm. Barclays said it Initiates Coverage on Bed Bath & Beyond, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Equal-weight’ by the firm.
Bed Bath & Beyond (BBBY) shares turned negative on Mondays trading session with the shares closing down -1.45 points or -3.35% at a volume of 51,59,116. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43. The peak price level was also seen at $43 while the days lowest was $41.51. Finally the shares closed at $41.86. The 52-week high of the shares is $70.83 while the 52-week low is $41.15. According to the latest information available, the market cap of the company is $6,523 M.
Several Insider Transactions has been reported to the SEC. On May 12, 2016, Steven H Temares (Chief Executive Officer) sold 223,678 shares at $45.81 per share price.Also, On Apr 22, 2016, Arthur Stark (President and CMO) sold 17,139 shares at $49.16 per share price.On Apr 19, 2016, Matthew Fiorilli (Senior VP – Stores) sold 41,029 shares at $49.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.