Parametric Portfolio Associates LLC boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 16.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782,937 shares of the retailer’s stock after purchasing an additional 108,313 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.54% of Bed Bath & Beyond worth $18,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in shares of Bed Bath & Beyond during the second quarter worth approximately $68,548,000. Dimensional Fund Advisors LP raised its stake in shares of Bed Bath & Beyond by 64.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock worth $80,364,000 after acquiring an additional 1,336,053 shares in the last quarter. FMR LLC raised its stake 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 worth $448,363,000 after acquiring an additional 1,330,077 shares in the last quarter. Contrarius Investment Management Ltd purchased a new position in shares of Bed Bath & Beyond during the third quarter worth approximately $18,776,000. Finally, Bridgewater Associates LP raised its stake 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 worth $31,669,000 after acquiring an additional 632,119 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Matthew Fiorilli sold 16,957 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $22.62, for a total transaction of $383,567.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.
Several research analysts have recently issued reports on the stock. Loop Capital set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Thursday, January 4th. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Barclays restated an “equal weight” rating and issued a $30.00 target price (down previously from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Finally, Wedbush set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a report on Wednesday, December 27th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Bed Bath & Beyond has an average rating of “Hold” and an average target price of $26.24.
Shares of Bed Bath & Beyond Inc. (BBBY) opened at $21.99 on Friday. Bed Bath & Beyond Inc. has a fifty-two week low of $19.07 and a fifty-two week high of $41.98. The company has a market cap of $3,150.00, a price-to-earnings ratio of 6.32, a PEG ratio of -3.55 and a beta of 1.09. The company has a current ratio of 1.67, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. sell-side analysts forecast that Bed Bath & Beyond Inc. will post 3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 17.24%.
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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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