Zebra Capital Management LLC reduced its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,107 shares of the retailer’s stock after selling 433 shares during the period. Zebra Capital Management LLC’s holdings in Bed Bath & Beyond were worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Acropolis Investment Management LLC boosted its stake in shares of Bed Bath & Beyond by 9.4% in the third quarter. Acropolis Investment Management LLC now owns 25,020 shares of the retailer’s stock worth $1,079,000 after buying an additional 2,160 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Bed Bath & Beyond by 13.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 143,400 shares of the retailer’s stock worth $6,182,000 after buying an additional 17,279 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Bed Bath & Beyond by 59.0% in the third quarter. BlackRock Advisors LLC now owns 1,415,418 shares of the retailer’s stock worth $61,018,000 after buying an additional 525,224 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Bed Bath & Beyond by 0.9% in the third quarter. California State Teachers Retirement System now owns 325,428 shares of the retailer’s stock worth $14,029,000 after buying an additional 2,800 shares in the last quarter. Finally, Todd Asset Management LLC purchased a new stake in shares of Bed Bath & Beyond during the second quarter worth approximately $12,180,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.

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

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.97% during trading on Thursday, reaching $40.88. 1,792,159 shares of the company were exchanged. Bed Bath & Beyond Inc. has a one year low of $38.60 and a one year high of $52.71. The firm’s 50 day moving average price is $40.50 and its 200-day moving average price is $43.09. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.68 and a beta of 0.85.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, December 21st. The retailer reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.13. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a return on equity of 27.65% and a net margin of 5.95%. Bed Bath & Beyond’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. On average, equities research analysts predict that Bed Bath & Beyond Inc. will post $4.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Friday, March 17th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, March 15th. Bed Bath & Beyond’s dividend payout ratio is 10.71%.

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BBBY has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on shares of Bed Bath & Beyond in a research note on Tuesday, December 20th. They issued a “sell” rating and a $35.00 price target for the company. Deutsche Bank AG reiterated a “hold” rating and issued a $48.00 price target (up previously from $42.00) on shares of Bed Bath & Beyond in a research note on Friday, December 23rd. BTIG Research reiterated a “neutral” rating on shares of Bed Bath & Beyond in a research note on Friday, December 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price target on shares of Bed Bath & Beyond in a research note on Friday, December 23rd. Finally, Credit Suisse Group set a $39.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Tuesday, December 20th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and a consensus price target of $43.84.

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).

5 Day Chart for NASDAQ:BBBY

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