Bed Bath & Beyond Inc. (BBBY) Stake Held by Macquarie Group Ltd.

Macquarie Group Ltd. maintained its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,700 shares of the retailer’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Bed Bath & Beyond were worth $933,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in Bed Bath & Beyond by 928.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after purchasing an additional 3,463 shares during the period. First Quadrant L P CA acquired a new position in Bed Bath & Beyond during the 2nd quarter worth approximately $141,000. Glenview State Bank Trust DEPT. acquired a new position in Bed Bath & Beyond during the 2nd quarter worth approximately $243,000. Point View Wealth Management Inc. increased its position in Bed Bath & Beyond by 55.9% during the 2nd quarter. Point View Wealth Management Inc. now owns 8,020 shares of the retailer’s stock worth $244,000 after purchasing an additional 2,876 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Bed Bath & Beyond during the 2nd quarter worth approximately $251,000. Institutional investors own 93.41% of the company’s stock.

Several research firms have issued reports on BBBY. Loop Capital reiterated a “sell” rating and set a $35.00 target price on shares of Bed Bath & Beyond in a research report on Tuesday, July 4th. Telsey Advisory Group dropped their target price on Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 4th. Wedbush dropped their target price on Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Bed Bath & Beyond in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.12.

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Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 20.31 on Friday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 5.19 and a beta of 1.11. Bed Bath & Beyond Inc. has a 52 week low of $20.25 and a 52 week high of $48.83. The firm’s 50 day moving average price is $23.50 and its 200-day moving average price is $30.31.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Bed Bath & Beyond Inc. will post $3.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, December 14th. Bed Bath & Beyond’s payout ratio is 15.42%.

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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