Bed Bath & Beyond Inc. (BBBY) Shares Bought by GAM Holding AG

GAM Holding AG raised its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 31.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,799 shares of the retailer’s stock after buying an additional 32,599 shares during the quarter. GAM Holding AG’s holdings in Bed Bath & Beyond were worth $2,746,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Isthmus Partners LLC lifted its holdings in shares of Bed Bath & Beyond by 0.9% during the second quarter. Isthmus Partners LLC now owns 313,450 shares of the retailer’s stock worth $6,245,000 after buying an additional 2,756 shares during the last quarter. Point View Wealth Management Inc. lifted its holdings in shares of Bed Bath & Beyond by 30.0% during the first quarter. Point View Wealth Management Inc. now owns 13,681 shares of the retailer’s stock worth $287,000 after buying an additional 3,156 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Bed Bath & Beyond by 36.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,290 shares of the retailer’s stock worth $258,000 after buying an additional 3,260 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Bed Bath & Beyond by 2.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 148,498 shares of the retailer’s stock worth $3,106,000 after buying an additional 3,296 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Bed Bath & Beyond by 13.7% during the second quarter. Alps Advisors Inc. now owns 27,957 shares of the retailer’s stock worth $557,000 after buying an additional 3,369 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

In related news, insider Eugene A. Castagna sold 25,000 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $20.81, for a total value of $520,250.00. Following the completion of the transaction, the insider now directly owns 124,255 shares in the company, valued at $2,585,746.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

A number of research analysts have recently commented on BBBY shares. BidaskClub upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Tuesday, June 12th. Credit Suisse Group set a $20.00 price target on Bed Bath & Beyond and gave the stock a “hold” rating in a report on Friday, June 29th. Standpoint Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, Wells Fargo & Co restated a “sell” rating and issued a $16.00 target price on shares of Bed Bath & Beyond in a research note on Wednesday, June 27th. Nine research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

Shares of NASDAQ BBBY opened at $18.96 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.62. The firm has a market capitalization of $2.66 billion, a P/E ratio of 6.08 and a beta of 0.96. Bed Bath & Beyond Inc. has a one year low of $16.52 and a one year high of $29.63.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, June 27th. The retailer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Bed Bath & Beyond had a return on equity of 14.73% and a net margin of 3.18%. Bed Bath & Beyond’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. equities analysts anticipate that Bed Bath & Beyond Inc. will post 2.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Friday, September 14th will be paid a $0.16 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.38%. Bed Bath & Beyond’s payout ratio is 20.51%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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