Bed Bath & Beyond Inc. (BBBY) Stake Lessened by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its holdings in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 91.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,343 shares of the retailer’s stock after selling 504,094 shares during the period. WINTON GROUP Ltd’s holdings in Bed Bath & Beyond were worth $1,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Bed Bath & Beyond by 2,768.5% during the first quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock valued at $478,258,000 after buying an additional 11,697,533 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Bed Bath & Beyond during the second quarter valued at approximately $68,548,000. FMR LLC raised its holdings in shares of Bed Bath & Beyond by 9.9% during the second quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after buying an additional 1,330,077 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Bed Bath & Beyond by 247.2% during the second quarter. First Trust Advisors LP now owns 889,716 shares of the retailer’s stock valued at $27,047,000 after buying an additional 633,465 shares during the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of Bed Bath & Beyond by 154.3% during the second quarter. Bridgewater Associates LP now owns 1,041,747 shares of the retailer’s stock valued at $31,669,000 after buying an additional 632,119 shares during the last quarter. 93.41% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently commented on the company. Loop Capital reissued a “hold” rating and set a $23.00 target price (down previously from $35.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. ValuEngine cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Telsey Advisory Group decreased their price target on shares of Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 4th. Finally, Barclays PLC restated an “equal weight” rating and issued a $30.00 price target (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and an average price target of $28.12.

Shares of Bed Bath & Beyond Inc. (BBBY) traded down 3.29% during mid-day trading on Friday, reaching $20.31. 3,483,781 shares of the company’s stock traded hands. Bed Bath & Beyond Inc. has a 12 month low of $20.25 and a 12 month high of $48.83. The firm has a 50 day moving average price of $23.90 and a 200-day moving average price of $30.52. The stock has a market cap of $2.82 billion, a PE ratio of 5.19 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS 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 the consensus estimate of $3.01 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. Bed Bath & Beyond’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. On average, analysts predict that Bed Bath & Beyond Inc. will post $3.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.95%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 15.42%.

Bed Bath & Beyond 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).

Institutional Ownership by Quarter for Bed Bath & Beyond (NASDAQ:BBBY)

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