Bed Bath & Beyond Inc. (BBBY) CEO Steven H. Temares Sells 200,000 Shares

Bed Bath & Beyond Inc. (NASDAQ:BBBY) CEO Steven H. Temares sold 200,000 shares of the business’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $39.83, for a total value of $7,966,000.00. Following the completion of the sale, the chief executive officer now owns 603,515 shares in the company, valued at approximately $24,038,002.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.33% during mid-day trading on Friday, hitting $39.80. The company had a trading volume of 1,880,327 shares. Bed Bath & Beyond Inc. has a 52-week low of $37.28 and a 52-week high of $50.57. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $41.50. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 8.69 and a beta of 0.85.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, April 5th. The retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.07. The business earned $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 was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. Equities analysts forecast 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Bed Bath & Beyond’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Bed Bath & Beyond’s payout ratio is currently 10.71%.

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Several equities research analysts recently issued reports on the company. Telsey Advisory Group cut their price objective on Bed Bath & Beyond from $45.00 to $43.00 and set a “market perform” rating on the stock in a report on Thursday, December 22nd. Raymond James Financial, Inc. downgraded Bed Bath & Beyond from a “strong-buy” rating to a “market perform” rating in a report on Thursday, December 22nd. BTIG Research reiterated a “neutral” rating on shares of Bed Bath & Beyond in a report on Friday, December 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective on shares of Bed Bath & Beyond in a report on Friday, December 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Bed Bath & Beyond in a report on Friday, December 23rd. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Several institutional investors have recently modified their holdings of BBBY. Nationwide Fund Advisors increased its position in shares of Bed Bath & Beyond by 3.0% in the first quarter. Nationwide Fund Advisors now owns 157,832 shares of the retailer’s stock valued at $6,228,000 after buying an additional 4,600 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Bed Bath & Beyond by 60.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 101,226 shares of the retailer’s stock valued at $3,995,000 after buying an additional 38,117 shares in the last quarter. Clark Estates Inc. NY increased its position in shares of Bed Bath & Beyond by 20.1% in the first quarter. Clark Estates Inc. NY now owns 71,800 shares of the retailer’s stock valued at $2,833,000 after buying an additional 12,000 shares in the last quarter. Greylin Investment Mangement Inc. increased its position in shares of Bed Bath & Beyond by 16.0% in the first quarter. Greylin Investment Mangement Inc. now owns 19,075 shares of the retailer’s stock valued at $753,000 after buying an additional 2,625 shares in the last quarter. Finally, DnB Asset Management AS increased its position in shares of Bed Bath & Beyond by 15.4% in the first quarter. DnB Asset Management AS now owns 17,275 shares of the retailer’s stock valued at $682,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 93.69% of the company’s stock.

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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