Clifford Swan Investment Counsel LLC Has $6.917 Million Stake in Bed Bath & Beyond Inc. (BBBY)

Clifford Swan Investment Counsel LLC boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,290 shares of the retailer’s stock after buying an additional 24,885 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Bed Bath & Beyond were worth $6,917,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BBBY. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bed Bath & Beyond by 88.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,762 shares of the retailer’s stock valued at $1,154,000 after buying an additional 12,529 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in shares of Bed Bath & Beyond by 14.7% in the third quarter. AMP Capital Investors Ltd now owns 81,127 shares of the retailer’s stock valued at $3,422,000 after buying an additional 10,400 shares during the last quarter. Hartford Investment Management Co. boosted its stake in shares of Bed Bath & Beyond by 0.5% in the third quarter. Hartford Investment Management Co. now owns 38,339 shares of the retailer’s stock valued at $1,653,000 after buying an additional 186 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in shares of Bed Bath & Beyond during the third quarter valued at approximately $228,000. Finally, Evanston Investments Inc. dba Evanston Advisors boosted its stake in shares of Bed Bath & Beyond by 6.2% in the third quarter. Evanston Investments Inc. dba Evanston Advisors now owns 137,054 shares of the retailer’s stock valued at $5,908,000 after buying an additional 8,047 shares during the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

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

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.51% during trading on Friday, reaching $35.33. The company had a trading volume of 2,034,162 shares. Bed Bath & Beyond Inc. has a 12 month low of $34.93 and a 12 month high of $48.83. The company has a market capitalization of $5.04 billion, a P/E ratio of 7.71 and a beta of 0.85. The firm’s 50 day moving average is $38.19 and its 200-day moving average is $40.87.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, April 5th. The retailer reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.07. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. Bed Bath & Beyond had a return on equity of 27.65% and a net margin of 5.95%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, equities analysts expect that Bed Bath & Beyond Inc. will post $4.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Stockholders of record on Friday, June 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.13. Bed Bath & Beyond’s payout ratio is currently 10.71%.

TRADEMARK VIOLATION WARNING: This piece was first posted by Mideast Time and is the property of of Mideast Time. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.mideasttime.com/clifford-swan-investment-counsel-llc-has-6-917-million-stake-in-bed-bath-beyond-inc-bbby/1708398.html.

Several analysts recently commented on the company. Argus dropped their price target on 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. Loop Capital reiterated a “sell” rating and set a $35.00 price target on shares of Bed Bath & Beyond in a research report on Thursday, March 30th. Zacks Investment Research upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Bed Bath & Beyond in a research report on Thursday, April 6th. Finally, Credit Suisse Group AG dropped their price target on Bed Bath & Beyond from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, April 7th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.50.

In other news, insider Arthur Stark sold 8,933 shares of Bed Bath & Beyond stock in a transaction on Friday, April 21st. The stock was sold at an average price of $39.73, for a total value of $354,908.09. Following the completion of the sale, the insider now owns 149,595 shares of the company’s stock, valued at $5,943,409.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven H. Temares sold 96,109 shares of Bed Bath & Beyond stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $37.37, for a total value of $3,591,593.33. Following the completion of the sale, the chief executive officer now directly owns 629,415 shares of the company’s stock, valued at approximately $23,521,238.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,706 shares of company stock valued at $13,679,409. Company insiders own 4.70% of the company’s stock.

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).

5 Day Chart for NASDAQ:BBBY

Want to see what other hedge funds are holding BBBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bed Bath & Beyond Inc. (NASDAQ:BBBY).

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.