Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 17,186,968 shares, a decline of 14.9% from the January 12th total of 20,202,430 shares. Based on an average daily volume of 3,774,250 shares, the short-interest ratio is currently 4.6 days. Approximately 12.5% of the company’s stock are short sold.

In other news, VP Matthew Fiorilli sold 16,957 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the sale, the vice president now owns 97,419 shares of the company’s stock, valued at approximately $2,203,617.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ffcm LLC lifted its stake in shares of Bed Bath & Beyond by 2,958.6% in the 3rd quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after acquiring an additional 4,290 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Bed Bath & Beyond in the 4th quarter worth approximately $121,000. State of Alaska Department of Revenue acquired a new stake in shares of Bed Bath & Beyond in the 4th quarter worth approximately $180,000. Psagot Investment House Ltd. acquired a new stake in shares of Bed Bath & Beyond in the 3rd quarter worth approximately $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Bed Bath & Beyond in the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. downgraded shares of Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $23.03 to $18.00 in a research report on Friday, January 26th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Bed Bath & Beyond in a research report on Thursday, January 25th. Finally, Loop Capital set a $23.00 price objective on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, January 4th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bed Bath & Beyond currently has an average rating of “Hold” and a consensus price target of $25.78.

Bed Bath & Beyond (BBBY) opened at $21.76 on Friday. Bed Bath & Beyond has a 1 year low of $19.07 and a 1 year high of $41.96. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The company has a market cap of $3,120.00, a PE ratio of 6.25, a price-to-earnings-growth ratio of -3.68 and a beta of 1.09.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. Bed Bath & Beyond’s quarterly revenue was down 1.4% on a year-over-year basis. sell-side analysts forecast that Bed Bath & Beyond will post 3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, March 15th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 17.24%.

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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).

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