Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 16,488,870 shares, a growth of 14.2% from the September 15th total of 14,434,242 shares. Based on an average daily volume of 2,666,571 shares, the short-interest ratio is currently 6.2 days. Approximately 11.2% of the company’s shares are short sold.

A number of brokerages have recently issued reports on BBBY. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Bed Bath & Beyond in a research note on Tuesday, August 2nd. Robert W. Baird set a $45.00 price objective on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Monday, September 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $42.00 price objective (down previously from $45.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Nomura set a $45.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, September 22nd. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $48.65.

Bed Bath & Beyond (NASDAQ:BBBY) opened at 41.19 on Friday. The firm’s 50-day moving average is $43.85 and its 200 day moving average is $44.89. The stock has a market cap of $6.12 billion, a P/E ratio of 8.35 and a beta of 0.83. Bed Bath & Beyond has a one year low of $41.15 and a one year high of $61.49.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, September 21st. The retailer reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.05. The firm had revenue of $2.99 billion for the quarter. Bed Bath & Beyond had a net margin of 6.38% and a return on equity of 29.79%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. On average, analysts anticipate that Bed Bath & Beyond will post $4.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 16th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.21%. Bed Bath & Beyond’s payout ratio is 10.18%.

In other news, COO Eugene A. Castagna sold 17,866 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $45.86, for a total value of $819,334.76. Following the completion of the sale, the chief operating officer now owns 140,630 shares of the company’s stock, valued at approximately $6,449,291.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zebra Capital Management LLC raised its stake in Bed Bath & Beyond by 137.4% in the first quarter. Zebra Capital Management LLC now owns 25,107 shares of the retailer’s stock valued at $1,246,000 after buying an additional 14,529 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Bed Bath & Beyond by 94.7% in the first quarter. Canada Pension Plan Investment Board now owns 403,281 shares of the retailer’s stock valued at $20,019,000 after buying an additional 196,100 shares during the period. Spark Investment Management LLC bought a new position in Bed Bath & Beyond during the first quarter valued at about $1,940,000. M&T Bank Corp increased its position in Bed Bath & Beyond by 4.4% in the first quarter. M&T Bank Corp now owns 25,358 shares of the retailer’s stock valued at $1,260,000 after buying an additional 1,068 shares during the period. Finally, Menta Capital LLC increased its position in Bed Bath & Beyond by 18.6% in the first quarter. Menta Capital LLC now owns 23,640 shares of the retailer’s stock valued at $1,173,000 after buying an additional 3,700 shares during the period. 96.65% of the stock is owned by institutional investors and hedge funds.

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).

5 Day Chart for NASDAQ:BBBY

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