American International Group Inc. Buys 4,680 Shares of Bed Bath & Beyond Inc. (BBBY)

American International Group Inc. boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,566 shares of the retailer’s stock after purchasing an additional 4,680 shares during the period. American International Group Inc.’s holdings in Bed Bath & Beyond were worth $5,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Towle & Co. increased its holdings in Bed Bath & Beyond by 35.4% in the 2nd quarter. Towle & Co. now owns 1,809,040 shares of the retailer’s stock valued at $36,045,000 after purchasing an additional 472,860 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Bed Bath & Beyond by 12.7% during the second quarter. Bank of New York Mellon Corp now owns 2,641,692 shares of the retailer’s stock valued at $52,636,000 after acquiring an additional 297,632 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Bed Bath & Beyond by 115,725.0% during the third quarter. Advisory Services Network LLC now owns 46,330 shares of the retailer’s stock valued at $695,000 after acquiring an additional 46,290 shares in the last quarter. Strs Ohio acquired a new stake in shares of Bed Bath & Beyond during the second quarter valued at about $1,436,000. Finally, SG Americas Securities LLC grew its stake in shares of Bed Bath & Beyond by 320.0% during the third quarter. SG Americas Securities LLC now owns 149,663 shares of the retailer’s stock valued at $2,245,000 after acquiring an additional 114,031 shares in the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.

Shares of BBBY stock opened at $12.28 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond Inc. has a one year low of $11.99 and a one year high of $24.74. The stock has a market cap of $1.78 billion, a PE ratio of 3.94, a P/E/G ratio of 6.57 and a beta of 0.92.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.13). Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts anticipate that Bed Bath & Beyond Inc. will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 5.21%. Bed Bath & Beyond’s payout ratio is 20.51%.

Several analysts have recently weighed in on the company. Standpoint Research downgraded Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Citigroup lowered their target price on Bed Bath & Beyond from $16.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, September 27th. Loop Capital raised their target price on Bed Bath & Beyond to $15.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. Wedbush set a $15.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research downgraded Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research note on Monday, October 1st. Nine analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.64.

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Bed Bath & Beyond Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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