Sumitomo Mitsui Asset Management Company LTD lowered its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,863 shares of the retailer’s stock after selling 67 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Bed Bath & Beyond were worth $391,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BBBY. Nicholas Hoffman & Company LLC. raised its position in shares of Bed Bath & Beyond by 0.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 7,930 shares of the retailer’s stock worth $313,000 after buying an additional 28 shares during the last quarter. Amalgamated Bank raised its position in shares of Bed Bath & Beyond by 0.3% in the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock worth $417,000 after buying an additional 32 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Bed Bath & Beyond by 1.7% in the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after buying an additional 129 shares during the last quarter. Blair William & Co. IL raised its position in shares of Bed Bath & Beyond by 1.5% in the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after buying an additional 213 shares during the last quarter. Finally, ARGI Investment Services LLC raised its position in shares of Bed Bath & Beyond by 1.1% in the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after buying an additional 284 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 28.78 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 6.62 and a beta of 1.13. The firm has a 50 day moving average price of $29.63 and a 200 day moving average price of $36.06. Bed Bath & Beyond Inc. has a 12-month low of $27.99 and a 12-month high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.08. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter last year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts expect that Bed Bath & Beyond Inc. will post $4.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.08%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 13.86%.

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A number of brokerages have recently weighed in on BBBY. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Bed Bath & Beyond in a research report on Saturday, June 24th. Morgan Stanley set a $30.00 target price on Bed Bath & Beyond and gave the stock a “sell” rating in a research report on Saturday, June 24th. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Saturday, June 24th. Bank of America Corporation set a $27.00 price target on Bed Bath & Beyond and gave the company a “sell” rating in a research report on Saturday, June 24th. Finally, UBS AG reissued a “neutral” rating and issued a $33.00 price target (down from $37.00) on shares of Bed Bath & Beyond in a research report on Monday, June 26th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.24.

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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