Martingale Asset Management L P increased its holdings in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,204 shares of the retailer’s stock after acquiring an additional 13,006 shares during the quarter. Martingale Asset Management L P’s holdings in Bed Bath & Beyond were worth $2,162,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BBBY. Investors Research Corp purchased a new position in Bed Bath & Beyond in the 1st quarter valued at $27,000. Motco purchased a new position in Bed Bath & Beyond in the 1st quarter valued at $30,000. Penserra Capital Management LLC purchased a new position in Bed Bath & Beyond in the 1st quarter valued at $30,000. Benjamin F. Edwards & Company Inc. grew its position in 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 buying an additional 737 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in 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 buying an additional 4,495 shares during the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ BBBY opened at $12.69 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 6.47 and a beta of 1.14. Bed Bath & Beyond Inc. has a one year low of $10.46 and a one year high of $21.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 1.88.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, April 10th. The retailer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.11 by $0.09. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.33 billion. Bed Bath & Beyond had a negative net margin of 1.14% and a positive return on equity of 9.77%. During the same period in the previous year, the firm earned $1.48 EPS. Analysts forecast that Bed Bath & Beyond Inc. will post 1.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 14th will be given a dividend of $0.17 per share. This is a positive change from Bed Bath & Beyond’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Thursday, June 13th. Bed Bath & Beyond’s payout ratio is presently 31.22%.

A number of equities analysts recently weighed in on BBBY shares. Loop Capital lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating and lowered their price objective for the company from $13.00 to $12.00 in a research report on Monday, February 11th. BidaskClub upgraded shares of Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Barclays lowered shares of Bed Bath & Beyond from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $13.00 in a research report on Monday, March 4th. Finally, Evercore ISI started coverage on shares of Bed Bath & Beyond in a research report on Wednesday, March 20th. They issued an “underperform” rating and a $12.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.61.

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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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