Man Group plc Takes Position in Bed Bath & Beyond, Inc. $BBBY

Man Group plc purchased a new position in shares of Bed Bath & Beyond, Inc. (NYSE:BBBY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 138,296 shares of the company’s stock, valued at approximately $801,000.

Several other large investors have also made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Bed Bath & Beyond during the second quarter worth $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bed Bath & Beyond in the 4th quarter valued at about $37,000. Legal & General Group Plc purchased a new stake in shares of Bed Bath & Beyond in the second quarter worth about $42,000. New York State Common Retirement Fund acquired a new stake in Bed Bath & Beyond during the fourth quarter worth about $47,000. Finally, ExodusPoint Capital Management LP purchased a new position in Bed Bath & Beyond during the fourth quarter valued at approximately $63,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBBY. Wedbush upped their price objective on Bed Bath & Beyond from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Bed Bath & Beyond from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. Zacks Research raised shares of Bed Bath & Beyond to a “hold” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.67.

Bed Bath & Beyond Stock Up 0.6%

BBBY opened at $4.38 on Friday. The company has a market cap of $417.07 million, a PE ratio of -3.84 and a beta of 2.89. Bed Bath & Beyond, Inc. has a twelve month low of $4.18 and a twelve month high of $12.65. The company has a 50-day moving average price of $4.95 and a 200 day moving average price of $5.17. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

Bed Bath & Beyond (NYSE:BBBY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.23). Bed Bath & Beyond had a negative return on equity of 37.60% and a negative net margin of 7.13%.The firm had revenue of $361.16 million for the quarter. During the same period in the prior year, the business posted ($0.34) EPS. Sell-side analysts expect that Bed Bath & Beyond, Inc. will post -0.92 earnings per share for the current fiscal year.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.