Private Portfolio Partners LLC lessened its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 15.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,374 shares of the retailer’s stock after selling 3,864 shares during the quarter. Private Portfolio Partners LLC’s holdings in Bed Bath & Beyond were worth $346,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BBBY. Parallel Advisors LLC lifted its stake in Bed Bath & Beyond by 13.6% during the first quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock worth $93,000 after purchasing an additional 653 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Bed Bath & Beyond by 29.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,276 shares of the retailer’s stock worth $37,000 after purchasing an additional 737 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Bed Bath & Beyond by 1.1% during the first quarter. Mason Street Advisors LLC now owns 73,103 shares of the retailer’s stock worth $1,242,000 after purchasing an additional 792 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in Bed Bath & Beyond by 6.2% during the fourth quarter. Greenwich Wealth Management LLC now owns 18,800 shares of the retailer’s stock worth $213,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Signaturefd LLC increased its position in Bed Bath & Beyond by 13.3% during the first quarter. Signaturefd LLC now owns 10,825 shares of the retailer’s stock worth $184,000 after buying an additional 1,268 shares during the period. Institutional investors and hedge funds own 97.43% of the company’s stock.

BBBY has been the topic of several research analyst reports. Loop Capital lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating and cut their price target for the stock from $13.00 to $12.00 in a research report on Monday, February 11th. BidaskClub raised Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Zacks Investment Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Barclays lowered Bed Bath & Beyond from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $15.00 to $13.00 in a research report on Monday, March 4th. Finally, Evercore ISI initiated coverage on Bed Bath & Beyond in a research report on Wednesday, March 20th. They set an “underperform” rating and a $12.00 price target on the stock. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Bed Bath & Beyond currently has a consensus rating of “Hold” and an average target price of $17.61.

NASDAQ:BBBY opened at $13.15 on Tuesday. The company has a market capitalization of $1.74 billion, a PE ratio of 6.41, a P/E/G ratio of 6.43 and a beta of 1.29. The company has a current ratio of 1.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. Bed Bath & Beyond Inc. has a 12-month low of $10.46 and a 12-month high of $21.44.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, April 10th. The retailer reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.09. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.33 billion. Bed Bath & Beyond had a positive return on equity of 9.77% and a negative net margin of 1.14%. During the same quarter in the previous year, the company posted $1.48 earnings per share. Equities analysts predict that Bed Bath & Beyond Inc. will post 1.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.17%. This is a positive change from Bed Bath & Beyond’s previous quarterly dividend of $0.16. Bed Bath & Beyond’s payout ratio is presently 31.22%.

ILLEGAL ACTIVITY WARNING: “Private Portfolio Partners LLC Sells 3,864 Shares of Bed Bath & Beyond Inc. (BBBY)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/private-portfolio-partners-llc-sells-3864-shares-of-bed-bath-beyond-inc-bbby/3031243.html.

Bed Bath & Beyond Company 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.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

Want to see what other hedge funds are holding BBBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bed Bath & Beyond Inc. (NASDAQ:BBBY).

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

Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.