Public Employees Retirement System of Ohio lessened its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,659 shares of the retailer’s stock after selling 7,328 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Bed Bath & Beyond were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of BBBY. Smith Graham & Co. Investment Advisors LP grew its holdings in Bed Bath & Beyond by 25.8% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 112,990 shares of the retailer’s stock valued at $3,435,000 after purchasing an additional 23,170 shares during the period. Quinn Opportunity Partners LLC grew its holdings in Bed Bath & Beyond by 15.3% during the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after purchasing an additional 10,000 shares during the period. Riverhead Capital Management LLC grew its holdings in Bed Bath & Beyond by 9.0% during the second quarter. Riverhead Capital Management LLC now owns 172,139 shares of the retailer’s stock valued at $5,233,000 after purchasing an additional 14,236 shares during the period. Pacad Investment Ltd. acquired a new position in Bed Bath & Beyond during the second quarter valued at approximately $1,096,000. Finally, Swiss National Bank lifted its stake in Bed Bath & Beyond by 1.7% in the second quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock valued at $16,635,000 after buying an additional 9,000 shares in the last quarter. Institutional investors own 91.78% of the company’s stock.
A number of research analysts have weighed in on the stock. Robert W. Baird set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Tuesday, October 31st. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a report on Friday, September 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 price objective (down from $34.00) on shares of Bed Bath & Beyond in a report on Thursday, September 21st. Finally, Deutsche Bank AG decreased their price objective on shares of Bed Bath & Beyond to $21.00 and set a “hold” rating on the stock in a report on Wednesday, September 20th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.12.
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Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $19.72 on Tuesday. The company has a market capitalization of $2,928.41, a price-to-earnings ratio of 4.98 and a beta of 1.04. Bed Bath & Beyond Inc. has a 52 week low of $19.07 and a 52 week high of $48.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.33 and a current ratio of 1.77.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.28). The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. research analysts predict that Bed Bath & Beyond Inc. will post 3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is presently 15.42%.
Bed Bath & Beyond Company Profile
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! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).
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