Advisor Group Inc. decreased its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 8.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,996 shares of the retailer’s stock after selling 2,764 shares during the quarter. Advisor Group Inc.’s holdings in Bed Bath & Beyond were worth $871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Bed Bath & Beyond in the 1st quarter worth approximately $106,000. Bronfman E.L. Rothschild L.P. boosted its stake in Bed Bath & Beyond by 928.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after purchasing an additional 3,463 shares during the period. Westside Investment Management Inc. boosted its stake in Bed Bath & Beyond by 15.0% in the 1st quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock worth $127,000 after purchasing an additional 440 shares during the period. First Quadrant L P CA bought a new position in Bed Bath & Beyond in the 2nd quarter worth approximately $141,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Bed Bath & Beyond during the 1st quarter valued at approximately $146,000. Institutional investors own 93.30% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 23.47 on Monday. The firm’s 50 day moving average price is $28.41 and its 200 day moving average price is $33.64. Bed Bath & Beyond Inc. has a 12 month low of $22.10 and a 12 month high of $48.83. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 6.00 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts predict that Bed Bath & Beyond Inc. will post $3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio is currently 15.42%.

Several research firms have recently issued reports on BBBY. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Wolfe Research downgraded shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $38.00 target price on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Robert W. Baird restated a “neutral” rating and set a $38.00 target price (down previously from $42.00) on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Finally, Telsey Advisory Group cut their target price on shares of Bed Bath & Beyond from $41.00 to $39.00 and set a “market perform” rating for the company in a research note on Tuesday, June 20th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. Bed Bath & Beyond currently has a consensus rating of “Hold” and an average target price of $28.12.

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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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