Aberdeen Asset Management PLC UK raised its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,457 shares of the retailer’s stock after purchasing an additional 18,517 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.13% of Bed Bath & Beyond worth $5,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Bed Bath & Beyond by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 13,993,417 shares of the retailer’s stock worth $552,180,000 after purchasing an additional 298,107 shares during the period. FMR LLC raised its position in Bed Bath & Beyond by 4.3% in the 1st quarter. FMR LLC now owns 13,418,679 shares of the retailer’s stock worth $529,501,000 after purchasing an additional 551,019 shares during the period. BlackRock Inc. raised its position in Bed Bath & Beyond by 2,768.5% in the 1st quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock worth $478,258,000 after purchasing an additional 11,697,533 shares during the period. State Street Corp raised its position in Bed Bath & Beyond by 3.2% in the 1st quarter. State Street Corp now owns 8,382,743 shares of the retailer’s stock worth $330,785,000 after purchasing an additional 261,732 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Bed Bath & Beyond by 12.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 8,136,389 shares of the retailer’s stock worth $321,062,000 after purchasing an additional 872,036 shares during the period. 93.35% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on BBBY. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $38.00 price objective on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Wolfe Research lowered shares of 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 report on Monday, June 19th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $38.00 price objective (down from $42.00) on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.94.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 28.67 on Friday. The firm has a 50-day moving average of $28.55 and a 200 day moving average of $33.93. Bed Bath & Beyond Inc. has a 52 week low of $26.96 and a 52 week high of $48.83. The firm has a market capitalization of $4.03 billion, a P/E ratio of 6.60 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that Bed Bath & Beyond Inc. will post $4.02 EPS for the current fiscal year.

The company 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio is presently 13.86%.

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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).

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

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