Bed Bath & Beyond Inc. (BBBY) Increases Dividend to $0.15 Per Share
- Author: Zachary Reyes Apr 08, 2017,
Apr 08, 2017, 14:50
Bed Bath & Beyond's board of directors approved a 20% increase to the company's quarterly dividend, to $0.15 per share, which it says is a "reflection of the long-term health of the business and commitment to creating shareholder value".
Momo Inc. (NASDAQ:MOMO) last session's volume of 4.8 million shares was higher than its average volume of 3.77 million shares. The firm now has a neutral rating on the retailer's stock. Two analysts rating the company a strong buy, zero analysts rating the company a buy, nineteen analysts rating the company a hold, four analysts rating the company a underperform, and finally two analysts rating the company a sell with a one year target of $47.74. Argus reduced their price target on Bed Bath & Beyond from $55.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 10th. Bed Bath & Beyond also was the target of some unusual options trading activity on Wednesday. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Credit Suisse Group AG set a $39.00 price target on Bed Bath & Beyond and gave the stock a "hold" rating in a research report on Tuesday, December 20th.
Based on the latest filings with the SEC, investors are looking at Bed Bath & Beyond Inc. (NASDAQ:BBBY) had its price target trimmed by Wedbush from $42.00 to $38.00 in a research report sent to investors on Thursday. Traders acquired 8,662 call options on the company.
TRADEMARK VIOLATION NOTICE: "Bed Bath & Beyond Inc".
Momo Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares now sold short amount to at least 30.76% of shares outstanding.
Several investment firms issued their expert ratings on Bed Bath & Beyond Inc.
Despite this hard competitive environment, management remains optimistic that Bed Bath & Beyond can maintain its position as a leading home goods retailer. Can increased its position in Bed Bath & Beyond by 8.3% in the third quarter.
For the fiscal full year, Bed Bath & Beyond posted net earnings of $685.1 million, or $4.58 per diluted share, versus $841.5 million, or $5.10 per diluted share, in the period a year prior. Delta Asset Management LLC TN now owns 226,763 shares of the retailer's stock worth $9,776,000 after buying an additional 640 shares during the period. "(BBBY) Receives Consensus Recommendation of "Hold" from Brokerages" was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. Delta Asset Management LLC TN raised its position in Bed Bath & Beyond by 0.3% in the third quarter. The legal version of this piece can be read at https://baseballnewssource.com/markets/bed-bath-beyond-inc-bbby-given-new-38-00-price-target-at-wedbush/580699.html. Stockholders of record on Friday, June 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 14th. Speece Thorson Capital Group Inc. increased its position in Bed Bath & Beyond by 7.9% in the third quarter. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%.
Comparable sales inched up 0.4%, driven by a more than 20% increase in comps from Bed Bath & Beyond's digital channels. Strs Ohio now owns 774,984 shares of the retailer's stock valued at $33,409,000 after buying an additional 749,489 shares during the last quarter. Bed Bath & Beyond's dividend payout ratio is now 10.71%.
Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!