Meiji Yasuda Life Insurance Co grew its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,540 shares of the retailer’s stock after buying an additional 1,300 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Bed Bath & Beyond were worth $290,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vivaldi Asset Management LLC purchased a new stake in shares of Bed Bath & Beyond during the 2nd quarter valued at $4,972,000. Thompson Siegel & Walmsley LLC raised its position in Bed Bath & Beyond by 36.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,976,651 shares of the retailer’s stock worth $60,090,000 after purchasing an additional 531,677 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Bed Bath & Beyond by 42.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 16,847 shares of the retailer’s stock worth $512,000 after purchasing an additional 5,010 shares during the period. Swiss National Bank grew its holdings in Bed Bath & Beyond by 1.7% in the 2nd quarter. Swiss National Bank now owns 547,190 shares of the retailer’s stock worth $16,635,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Bed Bath & Beyond by 928.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after acquiring an additional 3,463 shares during the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s stock.
A number of equities research analysts have recently weighed in on BBBY shares. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Wolfe Research cut shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $38.00 target price on shares of Bed Bath & Beyond in a report on Monday, June 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 target price (down from $42.00) on shares of Bed Bath & Beyond in a report on Monday, June 19th. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus price target of $34.94.
Bed Bath & Beyond Inc. (NASDAQ BBBY) traded down 0.42% during trading on Friday, reaching $28.74. 1,137,437 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.04 billion, a PE ratio of 6.61 and a beta of 1.11. The stock has a 50-day moving average of $28.60 and a 200-day moving average of $34.02. Bed Bath & Beyond Inc. has a 52 week low of $26.96 and a 52 week high of $48.83.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data 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). The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. On average, equities research analysts anticipate that Bed Bath & Beyond Inc. will post $4.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. Bed Bath & Beyond’s payout ratio is currently 13.86%.
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Bed Bath & Beyond Company Profile
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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