State of Wisconsin Investment Board Increases Position in Bed Bath & Beyond Inc. (BBBY)

State of Wisconsin Investment Board boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 151,937 shares of the retailer’s stock after purchasing an additional 16,607 shares during the period. State of Wisconsin Investment Board owned about 0.11% of Bed Bath & Beyond worth $3,566,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quinn Opportunity Partners LLC increased its holdings in Bed Bath & Beyond by 15.3% in the 2nd 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 last quarter. LS Investment Advisors LLC increased its holdings in Bed Bath & Beyond by 59.4% in the 3rd quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock valued at $392,000 after purchasing an additional 6,217 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Bed Bath & Beyond by 9.0% in the 2nd 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 last quarter. Pacad Investment Ltd. acquired a new stake in Bed Bath & Beyond in the 2nd quarter valued at approximately $1,096,000. Finally, Swiss National Bank increased its holdings in Bed Bath & Beyond by 1.7% in the 2nd quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock valued at $16,635,000 after purchasing an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Several analysts recently weighed in on BBBY shares. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 target price for the company in a report on Tuesday, August 22nd. BidaskClub cut shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. ValuEngine cut shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $23.00 price target (down previously from $28.00) on shares of Bed Bath & Beyond in a research report on Monday, September 18th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.88.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down $0.52 during trading on Thursday, hitting $22.57. 4,420,466 shares of the stock traded hands, compared to its average volume of 3,376,061. The stock has a market cap of $3,447.68, a PE ratio of 5.86 and a beta of 1.10. Bed Bath & Beyond Inc. has a 1-year low of $19.07 and a 1-year high of $48.83. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). The firm had revenue of $2.94 billion for 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%. Bed Bath & Beyond’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. sell-side analysts expect that Bed Bath & Beyond Inc. will post 2.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.66%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 15.42%.

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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).

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

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