Personal Capital Advisors Corp increased its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 58.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,578 shares of the retailer’s stock after acquiring an additional 96,679 shares during the period. Personal Capital Advisors Corp owned about 0.18% of Bed Bath & Beyond worth $5,752,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ffcm LLC raised its position in Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after purchasing an additional 4,290 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Bed Bath & Beyond in the 4th quarter valued at about $180,000. Psagot Investment House Ltd. acquired a new stake in Bed Bath & Beyond in the 3rd quarter valued at about $217,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Bed Bath & Beyond in the 3rd quarter valued at about $222,000. Finally, Oldfield Partners LLP raised its position in Bed Bath & Beyond by 381.8% in the 3rd quarter. Oldfield Partners LLP now owns 10,600 shares of the retailer’s stock valued at $249,000 after purchasing an additional 8,400 shares in the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Bed Bath & Beyond news, VP Matthew Fiorilli sold 16,957 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $22.62, for a total transaction of $383,567.34. Following the completion of the sale, the vice president now directly owns 97,419 shares of the company’s stock, valued at approximately $2,203,617.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.
Bed Bath & Beyond Inc. (NASDAQ BBBY) traded down $0.08 during trading hours on Monday, reaching $21.68. The company had a trading volume of 2,786,876 shares, compared to its average volume of 4,140,000. The stock has a market cap of $3,110.00, a P/E ratio of 6.23, a PEG ratio of -3.61 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond Inc. has a 12-month low of $19.07 and a 12-month high of $41.96.
Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. equities research analysts predict that Bed Bath & Beyond Inc. will post 3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. Bed Bath & Beyond’s dividend payout ratio is presently 17.24%.
A number of equities research analysts have issued reports on BBBY shares. Loop Capital set a $23.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, January 4th. ValuEngine downgraded Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st. Moffett Nathanson assumed coverage on Bed Bath & Beyond in a report on Monday, December 4th. They issued a “neutral” rating on the stock. BidaskClub downgraded Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, Morgan Stanley set a $22.00 price objective on Bed Bath & Beyond and gave the company a “sell” rating in a report on Thursday, December 21st. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus target price of $25.78.
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About Bed Bath & Beyond
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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