Oregon Public Employees Retirement Fund boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,657 shares of the retailer’s stock after buying an additional 15,500 shares during the period. Oregon Public Employees Retirement Fund owned about 0.07% of Bed Bath & Beyond worth $3,151,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its stake in Bed Bath & Beyond by 508.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 24,403 shares of the retailer’s stock valued at $742,000 after buying an additional 20,395 shares during the period. Creative Planning increased its stake in Bed Bath & Beyond by 14.9% in the second quarter. Creative Planning now owns 16,676 shares of the retailer’s stock valued at $507,000 after buying an additional 2,163 shares during the last quarter. Arvest Bank Trust Division increased its stake in Bed Bath & Beyond by 1.2% in the second quarter. Arvest Bank Trust Division now owns 301,636 shares of the retailer’s stock valued at $9,170,000 after buying an additional 3,652 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in Bed Bath & Beyond by 72.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 67,879 shares of the retailer’s stock valued at $2,063,000 after buying an additional 28,604 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE increased its stake in Bed Bath & Beyond by 6.0% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 171,395 shares of the retailer’s stock valued at $5,210,000 after buying an additional 9,775 shares during the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.76% on Friday, hitting $27.27. The stock had a trading volume of 1,945,254 shares. The firm’s 50-day moving average is $29.29 and its 200-day moving average is $35.62. Bed Bath & Beyond Inc. has a one year low of $27.12 and a one year high of $48.83. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 6.27 and a beta of 1.13.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. Bed Bath & Beyond’s revenue was up .1% on a year-over-year basis. On average, 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. Investors of record on Friday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. Bed Bath & Beyond’s dividend payout ratio is 13.86%.

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Several research firms recently weighed in on BBBY. BidaskClub upgraded Bed Bath & Beyond from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $34.00 price objective on shares of Bed Bath & Beyond in a report on Thursday, July 27th. ValuEngine upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wedbush decreased their price objective on Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 4th. Finally, Telsey Advisory Group reduced their target price on shares of Bed Bath & Beyond from $42.00 to $41.00 and set a “market perform” rating for the company in a report on Tuesday, July 4th. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $35.24.

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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