NuWave Investment Management LLC lifted its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 146.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,801 shares of the retailer’s stock after buying an additional 14,749 shares during the quarter. NuWave Investment Management LLC’s holdings in Bed Bath & Beyond were worth $422,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Bed Bath & Beyond by 29.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,276 shares of the retailer’s stock valued at $37,000 after acquiring an additional 737 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Bed Bath & Beyond by 1,508.4% in the 4th quarter. Parallel Advisors LLC now owns 4,793 shares of the retailer’s stock valued at $54,000 after acquiring an additional 4,495 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Bed Bath & Beyond by 413.9% in the 4th quarter. Acadian Asset Management LLC now owns 6,490 shares of the retailer’s stock valued at $73,000 after acquiring an additional 5,227 shares during the last quarter. Psagot Investment House Ltd. purchased a new position in shares of Bed Bath & Beyond in the 4th quarter valued at about $79,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Bed Bath & Beyond in the 4th quarter valued at about $103,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

In related news, Director Jordan Heller sold 19,554 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $15.26, for a total value of $298,394.04. Following the completion of the transaction, the director now directly owns 5,647 shares of the company’s stock, valued at approximately $86,173.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.50% of the company’s stock.

BBBY has been the topic of a number of recent analyst reports. Loop Capital increased their price objective on Bed Bath & Beyond to $16.00 and gave the company an “average” rating in a report on Friday, March 29th. BidaskClub raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, January 14th. Bank of America raised Bed Bath & Beyond from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $21.00 in a research report on Tuesday, March 26th. Finally, Morgan Stanley raised Bed Bath & Beyond from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $13.00 to $20.00 in a research report on Friday, April 5th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Bed Bath & Beyond presently has an average rating of “Hold” and an average price target of $17.33.

NASDAQ BBBY traded down $1.74 during mid-day trading on Thursday, hitting $17.67. The stock had a trading volume of 24,344,679 shares, compared to its average volume of 9,134,778. Bed Bath & Beyond Inc. has a 52-week low of $10.46 and a 52-week high of $21.63. The company has a market capitalization of $2.68 billion, a P/E ratio of 5.66, a PEG ratio of 6.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 0.55.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, April 10th. The retailer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.09. Bed Bath & Beyond had a return on equity of 11.08% and a net margin of 2.50%. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $1.48 EPS. On average, research analysts expect that Bed Bath & Beyond Inc. will post 2.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 14th will be paid a $0.17 dividend. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.85%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 20.51%.

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About Bed Bath & Beyond

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.

Recommended Story: Hedge Funds Explained

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

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