Camelot Portfolios LLC boosted its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 20.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,626 shares of the retailer’s stock after buying an additional 3,145 shares during the period. Camelot Portfolios LLC’s holdings in Bed Bath & Beyond were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBBY. Speece Thorson Capital Group Inc. boosted its position in Bed Bath & Beyond by 0.5% in the second quarter. Speece Thorson Capital Group Inc. now owns 342,513 shares of the retailer’s stock worth $10,412,000 after buying an additional 1,706 shares during the period. Spark Investment Management LLC bought a new stake in shares of Bed Bath & Beyond during the second quarter valued at about $1,699,000. Great West Life Assurance Co. Can boosted its stake in shares of Bed Bath & Beyond by 1.9% in the second quarter. Great West Life Assurance Co. Can now owns 421,159 shares of the retailer’s stock valued at $12,782,000 after buying an additional 7,927 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Bed Bath & Beyond by 15.2% in the second quarter. Janney Montgomery Scott LLC now owns 12,985 shares of the retailer’s stock valued at $395,000 after buying an additional 1,715 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Bed Bath & Beyond by 10.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the retailer’s stock valued at $480,000 after buying an additional 1,490 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 30.10 on Monday. Bed Bath & Beyond Inc. has a 52-week low of $27.99 and a 52-week high of $48.83. The company has a market cap of $4.23 billion, a P/E ratio of 6.93 and a beta of 1.13. The stock has a 50 day moving average of $30.82 and a 200 day moving average of $36.60.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, equities analysts anticipate that Bed Bath & Beyond Inc. will post $4.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s payout ratio is 13.86%.

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Several brokerages have recently issued reports on BBBY. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Loop Capital upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating and reduced their price objective for the company from $37.00 to $35.00 in a research note on Friday, May 12th. ValuEngine cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wolfe Research cut Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $38.00 price objective on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Bed Bath & Beyond has a consensus rating of “Hold” and a consensus target price of $35.24.

In other news, CEO Steven H. Temares sold 96,109 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $37.37, for a total transaction of $3,591,593.33. Following the completion of the transaction, the chief executive officer now directly owns 629,415 shares of the company’s stock, valued at approximately $23,521,238.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.

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

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