HL Financial Services LLC purchased a new position in 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 fund purchased 61,908 shares of the retailer’s stock, valued at approximately $2,676,000.

A number of other institutional investors have also modified their holdings of BBBY. Creative Planning increased 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 worth $112,000 after buying an additional 30 shares in the last quarter. Magnetar Financial LLC increased its position in shares of Bed Bath & Beyond by 0.5% in the first quarter. Magnetar Financial LLC now owns 8,107 shares of the retailer’s stock worth $402,000 after buying an additional 38 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased 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 worth $167,000 after buying an additional 41 shares in the last quarter. Cullinan Associates Inc. increased 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 worth $238,000 after buying an additional 100 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in shares of Bed Bath & Beyond by 0.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 39,958 shares of the retailer’s stock worth $1,727,000 after buying an additional 129 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.14% during mid-day trading on Wednesday, hitting $43.11. The stock had a trading volume of 3,504,367 shares. The firm has a market cap 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. The company has a 50-day moving average of $44.91 and a 200-day moving average of $45.68.

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

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

Several equities analysts have recently weighed in on BBBY shares. Bank of America Corp. restated a “sell” rating on shares of Bed Bath & Beyond in a research report on Wednesday, June 15th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Bed Bath & Beyond in a research report on Tuesday, August 2nd. Robert W. Baird set a $45.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a research report on Monday. Deutsche Bank AG restated a “hold” rating and issued a $42.00 target price (down previously from $45.00) on shares of Bed Bath & Beyond in a research report on Thursday, June 23rd. Finally, Zacks Investment Research upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Eight equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Bed Bath & Beyond presently has an average rating of “Hold” and a consensus target price of $50.20.

In other news, COO Eugene A. Castagna sold 17,866 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $45.86, for a total transaction of $819,334.76. Following the completion of the sale, the chief operating officer now directly owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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).

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