Russell Investments Group Ltd. boosted its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 14.8% during the second quarter, Holdings Channel reports. The institutional investor owned 438,663 shares of the retailer’s stock after buying an additional 56,399 shares during the period. Russell Investments Group Ltd.’s holdings in Bed Bath & Beyond were worth $13,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBBY. Smith Graham & Co. Investment Advisors LP increased its position in Bed Bath & Beyond by 25.8% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 112,990 shares of the retailer’s stock worth $3,435,000 after buying an additional 23,170 shares in the last quarter. Advisors Asset Management Inc. increased its position in Bed Bath & Beyond by 26.2% in the first quarter. Advisors Asset Management Inc. now owns 10,474 shares of the retailer’s stock worth $413,000 after buying an additional 2,176 shares in the last quarter. ARGI Investment Services LLC increased its position in Bed Bath & Beyond by 1.1% in the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after buying an additional 284 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Bed Bath & Beyond by 59.8% in the first quarter. Janney Montgomery Scott LLC now owns 11,270 shares of the retailer’s stock worth $445,000 after buying an additional 4,218 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Bed Bath & Beyond by 27.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,150 shares of the retailer’s stock worth $440,000 after buying an additional 2,432 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (BBBY) traded up 1.34% during trading on Friday, hitting $28.78. The stock had a trading volume of 2,331,029 shares. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 6.62 and a beta of 1.13. Bed Bath & Beyond Inc. has a 12 month low of $27.99 and a 12 month high of $48.83. The company’s 50 day moving average price is $29.63 and its 200 day moving average price is $36.06.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.08. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter last year, the company earned $0.80 EPS. Bed Bath & Beyond’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts expect that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 2.08%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 13.86%.

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A number of brokerages recently issued reports on BBBY. Morgan Stanley lowered their price target on Bed Bath & Beyond from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, June 21st. Telsey Advisory Group lowered their price target on Bed Bath & Beyond from $41.00 to $39.00 and set a “market perform” rating for the company in a research report on Tuesday, June 20th. Robert W. Baird restated a “neutral” rating and issued a $38.00 price target (down from $42.00) on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $38.00 price target on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $34.00 price target on shares of Bed Bath & Beyond in a research report on Thursday, July 27th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Bed Bath & Beyond has an average rating of “Hold” and a consensus target price of $35.24.

About Bed Bath & Beyond

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).

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

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