Bed Bath & Beyond Inc. (BBBY) Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 547,190 shares of the retailer’s stock after buying an additional 9,000 shares during the period. Swiss National Bank owned approximately 0.39% of Bed Bath & Beyond worth $16,635,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smith Graham & Co. Investment Advisors LP boosted its stake in Bed Bath & Beyond by 25.8% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 112,990 shares of the retailer’s stock valued at $3,435,000 after buying an additional 23,170 shares during the period. Advisors Asset Management Inc. boosted its stake in Bed Bath & Beyond by 26.2% during the first quarter. Advisors Asset Management Inc. now owns 10,474 shares of the retailer’s stock valued at $413,000 after buying an additional 2,176 shares during the period. ARGI Investment Services LLC boosted its stake in Bed Bath & Beyond by 1.1% during the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock valued at $1,076,000 after buying an additional 284 shares during the period. Arvest Bank Trust Division boosted its stake in Bed Bath & Beyond by 1.2% during the second quarter. Arvest Bank Trust Division now owns 301,636 shares of the retailer’s stock valued at $9,170,000 after buying an additional 3,652 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Bed Bath & Beyond by 59.8% during the first quarter. Janney Montgomery Scott LLC now owns 11,270 shares of the retailer’s stock valued at $445,000 after buying an additional 4,218 shares during the period. 93.35% of the stock is owned by institutional investors.

Several research firms recently issued reports on BBBY. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. ValuEngine lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $38.00 price objective on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Wolfe Research lowered Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Monday, June 19th. Finally, Robert W. Baird reissued a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.00.

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Bed Bath & Beyond Inc. (BBBY) opened at 27.66 on Tuesday. The stock has a 50 day moving average price of $28.58 and a 200 day moving average price of $34.23. The stock has a market cap of $3.89 billion, a P/E ratio of 6.36 and a beta of 1.11. Bed Bath & Beyond Inc. has a 12-month low of $26.96 and a 12-month high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.08. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business posted $0.80 EPS. The firm’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 13.86%.

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).

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

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