Bank of New York Mellon Corp decreased its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,245,637 shares of the retailer’s stock after selling 820,251 shares during the period. Bank of New York Mellon Corp owned 2.90% of Bed Bath & Beyond worth $99,645,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BBBY. Fairbanks Capital Management Inc. raised its holdings in shares of Bed Bath & Beyond by 1.7% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock valued at $512,000 after purchasing an additional 285 shares in the last quarter. Gargoyle Investment Advisor L.L.C. grew its position in shares of Bed Bath & Beyond by 0.7% in the 2nd quarter. Gargoyle Investment Advisor L.L.C. now owns 64,346 shares of the retailer’s stock valued at $1,956,000 after buying an additional 425 shares during the last quarter. Pacer Advisors Inc. grew its position in Bed Bath & Beyond by 3.4% during the 2nd quarter. Pacer Advisors Inc. now owns 23,286 shares of the retailer’s stock worth $708,000 after purchasing an additional 757 shares during the last quarter. LS Investment Advisors LLC grew its position in Bed Bath & Beyond by 9.6% during the 2nd quarter. LS Investment Advisors LLC now owns 10,467 shares of the retailer’s stock worth $318,000 after purchasing an additional 918 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. grew its position in Bed Bath & Beyond by 2.5% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 46,694 shares of the retailer’s stock worth $1,419,000 after purchasing an additional 1,150 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $20.66 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. Bed Bath & Beyond Inc. has a 52 week low of $19.07 and a 52 week high of $48.83. The company has a market cap of $3,022.02, a PE ratio of 5.14 and a beta of 1.04.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business earned $1.11 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. research analysts forecast that Bed Bath & Beyond Inc. will post 2.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 15.42%.

Several brokerages have issued reports on BBBY. Zacks Investment Research raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, September 5th. Credit Suisse Group reissued a “neutral” rating and set a $25.00 price objective (down from $33.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Bank of America Corporation reissued an “underperform” rating and set a $22.00 price objective (down from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. ValuEngine downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Telsey Advisory Group lowered their price objective on shares of Bed Bath & Beyond from $32.00 to $21.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 20th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus price target of $27.88.

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Bed Bath & Beyond Company 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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