Bed Bath & Beyond Inc. (BBBY) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,459 shares of the retailer’s stock after selling 652 shares during the period. Private Advisor Group LLC’s holdings in Bed Bath & Beyond were worth $506,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. bought a new stake in Bed Bath & Beyond during the third quarter valued at approximately $125,000. Evercore Wealth Management LLC boosted its stake in Bed Bath & Beyond by 31.1% in the second quarter. Evercore Wealth Management LLC now owns 3,830 shares of the retailer’s stock valued at $165,000 after buying an additional 909 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in Bed Bath & Beyond during the third quarter valued at approximately $171,000. Bellwether Investment Group LLC bought a new stake in Bed Bath & Beyond during the second quarter valued at approximately $193,000. Finally, Acrospire Investment Management LLC boosted its stake in Bed Bath & Beyond by 7.1% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the retailer’s stock valued at $194,000 after buying an additional 300 shares in the last quarter. 93.69% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.29% on Friday, reaching $40.76. 184,692 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $40.51 and a 200-day moving average price of $43.07. The company has a market cap of $5.98 billion, a PE ratio of 8.65 and a beta of 0.85. Bed Bath & Beyond Inc. has a 12-month low of $38.60 and a 12-month high of $52.71.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, December 21st. The retailer reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.13. The company earned $3 billion during the quarter, compared to the consensus estimate of $3.01 billion. Bed Bath & Beyond had a return on equity of 27.65% and a net margin of 5.95%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. Equities research analysts anticipate that Bed Bath & Beyond Inc. will post $4.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Stockholders of record on Friday, March 17th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, March 15th. Bed Bath & Beyond’s payout ratio is presently 10.71%.

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Several research firms have recently commented on BBBY. Argus dropped their target price on shares of Bed Bath & Beyond from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $48.00 target price (up from $42.00) on shares of Bed Bath & Beyond in a research report on Friday, December 23rd. Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Bed Bath & Beyond in a research report on Friday, December 16th. BTIG Research reaffirmed a “neutral” rating on shares of Bed Bath & Beyond in a research report on Friday, December 23rd. Finally, Telsey Advisory Group dropped their target price on shares of Bed Bath & Beyond from $45.00 to $43.00 and set a “market perform” rating for the company in a research report on Thursday, December 22nd. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average target price of $43.84.

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).

5 Day Chart for NASDAQ:BBBY

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