HL Financial Services LLC bought a new stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,908 shares of the retailer’s stock, valued at approximately $2,676,000.

Several other hedge funds have also made changes to their positions in the stock. Creative Planning boosted its position in shares of Bed Bath & Beyond by 1.2% in the second quarter. Creative Planning now owns 2,585 shares of the retailer’s stock valued at $112,000 after buying an additional 30 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $124,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Bed Bath & Beyond by 1.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,372 shares of the retailer’s stock valued at $167,000 after buying an additional 41 shares during the last quarter. Cullinan Associates Inc. boosted its position in shares of Bed Bath & Beyond by 2.1% in the first quarter. Cullinan Associates Inc. now owns 4,800 shares of the retailer’s stock valued at $238,000 after buying an additional 100 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Bed Bath & Beyond by 26.9% in the first quarter. IFP Advisors Inc now owns 4,876 shares of the retailer’s stock valued at $242,000 after buying an additional 1,035 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.14% during midday trading on Wednesday, hitting $43.11. 3,504,367 shares of the company traded hands. The stock’s 50-day moving average is $44.91 and its 200-day moving average is $45.68. The firm has a market capitalization of $6.51 billion, a PE ratio of 8.60 and a beta of 0.72. Bed Bath & Beyond Inc. has a 12-month low of $41.15 and a 12-month high of $61.90.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, September 21st. The retailer reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $901.50 million. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Analysts anticipate that Bed Bath & Beyond Inc. will post $4.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 16th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.16%. Bed Bath & Beyond’s payout ratio is presently 9.98%.

BBBY has been the topic of several research analyst reports. Credit Suisse Group AG set a $41.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday. Vetr raised shares of Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 25th. KeyCorp reaffirmed an “underweight” rating on shares of Bed Bath & Beyond in a research report on Saturday, June 25th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $50.00 target price on shares of Bed Bath & Beyond in a report on Wednesday, June 15th. Eight analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.20.

In other Bed Bath & Beyond news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $45.86, for a total value of $819,334.76. Following the completion of the sale, the chief operating officer now owns 140,630 shares of the company’s stock, valued at $6,449,291.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by company insiders.

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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