Bed Bath & Beyond Inc. (BBBY) Holdings Reduced by Barings LLC

Barings LLC reduced its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 64.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,300 shares of the retailer’s stock after selling 20,837 shares during the period. Barings LLC’s holdings in Bed Bath & Beyond were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Bed Bath & Beyond in the 2nd quarter valued at $68,548,000. FMR LLC boosted its holdings in shares of Bed Bath & Beyond by 9.9% in the 2nd quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after purchasing an additional 1,330,077 shares during the last quarter. Contrarius Investment Management Ltd acquired a new position in shares of Bed Bath & Beyond in the 3rd quarter valued at $18,776,000. First Trust Advisors LP boosted its holdings in shares of Bed Bath & Beyond by 247.2% in the 2nd quarter. First Trust Advisors LP now owns 889,716 shares of the retailer’s stock valued at $27,047,000 after purchasing an additional 633,465 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of Bed Bath & Beyond by 154.3% in the 2nd quarter. Bridgewater Associates LP now owns 1,041,747 shares of the retailer’s stock valued at $31,669,000 after purchasing an additional 632,119 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $23.09 on Thursday. The firm has a market cap of $3,569.09, a PE ratio of 6.07 and a beta of 1.10. Bed Bath & Beyond Inc. has a 1 year low of $19.07 and a 1 year high of $48.83. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33.

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. Bed Bath & Beyond’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. equities research analysts forecast that Bed Bath & Beyond Inc. will post 2.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio is presently 15.42%.

A number of equities analysts have weighed in on BBBY shares. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, September 14th. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Barclays restated an “equal weight” rating and set a $30.00 target price (down previously from $40.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Loop Capital restated a “hold” rating and set a $23.00 target price (down previously from $35.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Finally, UBS restated a “hold” rating and set a $24.00 target price (down previously from $30.00) on shares of Bed Bath & Beyond in a report on Wednesday, September 20th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.88.

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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).

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

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