AQR Capital Management LLC lowered its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,011 shares of the retailer’s stock after selling 11,993 shares during the period. AQR Capital Management LLC owned approximately 0.24% of Bed Bath & Beyond worth $13,575,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Bed Bath & Beyond during the first quarter valued at about $106,000. Cutler Group LP increased its stake in Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock valued at $115,000 after buying an additional 8,027 shares in the last quarter. First Manhattan Co. increased its stake in Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock valued at $127,000 after buying an additional 500 shares in the last quarter. Westside Investment Management Inc. increased its stake in Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock valued at $127,000 after buying an additional 440 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Bed Bath & Beyond during the first quarter valued at about $146,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (BBBY) opened at 29.65 on Friday. The company has a 50 day moving average price of $34.41 and a 200 day moving average price of $38.81. Bed Bath & Beyond Inc. has a 1-year low of $29.12 and a 1-year high of $48.83. The company has a market capitalization of $4.17 billion, a PE ratio of 6.82 and a beta of 1.13.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results 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 return on equity of 24.38% and a net margin of 5.22%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. Bed Bath & Beyond’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Bed Bath & Beyond Inc. will post $4.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be paid 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 dividend yield of 2.02%. Bed Bath & Beyond’s dividend payout ratio is presently 13.86%.

COPYRIGHT VIOLATION WARNING: “AQR Capital Management LLC Sells 11,993 Shares of Bed Bath & Beyond Inc. (BBBY)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/17/aqr-capital-management-llc-sells-11993-shares-of-bed-bath-beyond-inc-bbby-updated.html.

Several research firms have issued reports on BBBY. Telsey Advisory Group dropped their target price on Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. Morgan Stanley lowered their price objective on Bed Bath & Beyond from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 21st. Bank of America Corporation lowered their price objective on Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, June 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a $31.00 price objective (down previously from $36.00) on shares of Bed Bath & Beyond in a research report on Sunday, June 25th. Finally, Argus reiterated a “buy” rating and issued a $40.00 price objective (down previously from $48.00) on shares of Bed Bath & Beyond in a research report on Wednesday, June 28th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.94.

In other news, CEO Steven H. Temares sold 200,000 shares of the stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $39.83, for a total transaction of $7,966,000.00. Following the transaction, the chief executive officer now directly owns 603,515 shares in the company, valued at $24,038,002.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Matthew Fiorilli sold 44,664 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $39.56, for a total transaction of $1,766,907.84. Following the transaction, the vice president now owns 155,722 shares in the company, valued at $6,160,362.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,706 shares of company stock worth $13,679,409. Insiders own 5.00% of the company’s stock.

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)

Receive News & Stock Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related stocks with our FREE daily email newsletter.