Systematic Financial Management LP bought a new position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,970 shares of the retailer’s stock, valued at approximately $985,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Bed Bath & Beyond by 9.9% in the second quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after acquiring an additional 1,330,077 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Bed Bath & Beyond by 3.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,455,769 shares of the retailer’s stock valued at $257,055,000 after acquiring an additional 319,380 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Bed Bath & Beyond in the second quarter valued at approximately $68,548,000. Dimensional Fund Advisors LP grew its position in Bed Bath & Beyond by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,088,055 shares of the retailer’s stock valued at $63,479,000 after acquiring an additional 351,830 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in Bed Bath & Beyond by 36.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,976,651 shares of the retailer’s stock valued at $60,090,000 after acquiring an additional 531,677 shares in the last quarter. 91.27% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Friday. Barclays reaffirmed an “equal weight” rating and issued a $30.00 price objective (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a research report on Friday, September 22nd. BidaskClub downgraded shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Telsey Advisory Group lowered their price objective on shares of Bed Bath & Beyond from $32.00 to $21.00 and set a “market perform” rating for the company in a research report on Wednesday, September 20th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.88.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $22.42 on Friday. Bed Bath & Beyond Inc. has a 1 year low of $19.07 and a 1 year high of $48.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.33 and a current ratio of 1.77. The firm has a market cap of $3,275.07, a P/E ratio of 5.57 and a beta of 1.09.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business posted $1.11 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts expect that Bed Bath & Beyond Inc. will post 2.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 15.42%.

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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).

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

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