HL Financial Services LLC reduced its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,699 shares of the retailer’s stock after selling 6,776 shares during the quarter. HL Financial Services LLC owned approximately 0.06% of Bed Bath & Beyond worth $1,988,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BBBY. Wellington Management Group LLP lifted its holdings in Bed Bath & Beyond by 24.2% during the first quarter. Wellington Management Group LLP now owns 53,958 shares of the retailer’s stock worth $2,130,000 after acquiring an additional 10,506 shares during the period. Teachers Advisors LLC raised its stake in shares of Bed Bath & Beyond by 4.5% in the first quarter. Teachers Advisors LLC now owns 305,616 shares of the retailer’s stock valued at $12,060,000 after buying an additional 13,149 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Bed Bath & Beyond by 1.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,870 shares of the retailer’s stock valued at $902,000 after buying an additional 370 shares during the period. Xact Kapitalforvaltning AB raised its stake in shares of Bed Bath & Beyond by 4.1% in the second quarter. Xact Kapitalforvaltning AB now owns 23,466 shares of the retailer’s stock valued at $713,000 after buying an additional 915 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Bed Bath & Beyond in the second quarter valued at $310,000. Institutional investors and hedge funds own 92.06% of the company’s stock.
Bed Bath & Beyond Inc. (BBBY) traded down $0.13 on Friday, hitting $20.02. The stock had a trading volume of 3,134,900 shares, compared to its average volume of 3,537,244. Bed Bath & Beyond Inc. has a 1 year low of $19.07 and a 1 year high of $48.83. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33. The stock has a market cap of $2,928.41, a PE ratio of 4.98, a P/E/G ratio of 0.67 and a beta of 1.04.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. Bed Bath & Beyond’s revenue for the quarter was down 1.7% compared to the same quarter last year. research analysts expect that Bed Bath & Beyond Inc. will post 3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is currently 15.42%.
Several analysts have issued reports on the company. ValuEngine upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays PLC restated an “equal weight” rating and issued a $30.00 target price (down from $40.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research note on Friday, September 22nd. BidaskClub lowered Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $34.00 target price on shares of Bed Bath & Beyond in a research note on Thursday, July 27th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $28.12.
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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).
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