Bed Bath & Beyond Inc. (BBBY) Holdings Reduced by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,875 shares of the retailer’s stock after selling 117,319 shares during the period. Wells Fargo & Company MN owned about 0.11% of Bed Bath & Beyond worth $3,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Ffcm LLC lifted its position in shares of Bed Bath & Beyond by 2,958.6% during the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after acquiring an additional 4,290 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Bed Bath & Beyond during the 3rd quarter valued at approximately $222,000. Oldfield Partners LLP lifted its position in shares of Bed Bath & Beyond by 381.8% during the 3rd quarter. Oldfield Partners LLP now owns 10,600 shares of the retailer’s stock valued at $249,000 after acquiring an additional 8,400 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Bed Bath & Beyond during the 2nd quarter valued at approximately $251,000. Finally, Carret Asset Management LLC lifted its position in shares of Bed Bath & Beyond by 20.1% during the 2nd quarter. Carret Asset Management LLC now owns 10,060 shares of the retailer’s stock valued at $306,000 after acquiring an additional 1,685 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $22.82 on Tuesday. The company has a market cap of $3,249.86, a P/E ratio of 6.56, a price-to-earnings-growth ratio of -3.80 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. Bed Bath & Beyond Inc. has a 12 month low of $19.07 and a 12 month high of $41.98.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $0.85 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. equities analysts anticipate that Bed Bath & Beyond Inc. will post 3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.63%. Bed Bath & Beyond’s dividend payout ratio is presently 17.24%.

In other news, VP Matthew Fiorilli sold 16,957 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $22.62, for a total transaction of $383,567.34. Following the completion of the sale, the vice president now directly owns 97,419 shares of the company’s stock, valued at approximately $2,203,617.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on BBBY shares. Loop Capital set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, January 4th. ValuEngine downgraded Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp restated an “underweight” rating and set a $21.00 price objective (down from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Moffett Nathanson initiated coverage on Bed Bath & Beyond in a research report on Monday, December 4th. They set a “neutral” rating for the company. Finally, BidaskClub downgraded Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.24.

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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).

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

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