Investment House LLC reduced its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 33.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,710 shares of the retailer’s stock after selling 4,815 shares during the period. Investment House LLC’s holdings in Bed Bath & Beyond were worth $420,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Bed Bath & Beyond during the fourth quarter valued at $88,509,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Bed Bath & Beyond by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 139,269 shares of the retailer’s stock valued at $6,913,000 after buying an additional 3,488 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Bed Bath & Beyond by 11.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,540 shares of the retailer’s stock valued at $1,913,000 after buying an additional 3,856 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Bed Bath & Beyond by 6.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 39,829 shares of the retailer’s stock valued at $1,977,000 after buying an additional 2,422 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in shares of Bed Bath & Beyond by 16.3% in the first quarter. Commonwealth Equity Services Inc now owns 10,732 shares of the retailer’s stock valued at $533,000 after buying an additional 1,503 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.74% during midday trading on Thursday, hitting $43.43. The stock had a trading volume of 4,968,692 shares. The stock has a 50 day moving average of $44.90 and a 200 day moving average of $45.67. Bed Bath & Beyond Inc. has a 12 month low of $41.15 and a 12 month high of $61.90. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 8.66 and a beta of 0.72.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 16th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 9.98%.

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

In related news, COO Eugene A. Castagna sold 17,866 shares of the business’s stock in a transaction 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 directly owns 140,630 shares of the company’s stock, valued at $6,449,291.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.70% of the stock is currently owned by corporate 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

Want to see what other hedge funds are holding BBBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bed Bath & Beyond Inc. (NASDAQ:BBBY).

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.