Rhumbline Advisers lowered its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,086 shares of the retailer’s stock after selling 11,451 shares during the period. Rhumbline Advisers owned 0.17% of Bed Bath & Beyond worth $7,481,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BBBY. Teacher Retirement System of Texas increased its position in shares of Bed Bath & Beyond by 106.4% in the second quarter. Teacher Retirement System of Texas now owns 34,797 shares of the retailer’s stock valued at $1,058,000 after buying an additional 17,939 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Bed Bath & Beyond by 29.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 137,648 shares of the retailer’s stock worth $4,226,000 after buying an additional 31,016 shares in the last quarter. Clark Estates Inc. NY raised its stake in shares of Bed Bath & Beyond by 19.5% in the second quarter. Clark Estates Inc. NY now owns 85,800 shares of the retailer’s stock worth $2,608,000 after buying an additional 14,000 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Bed Bath & Beyond by 247.2% in the second quarter. First Trust Advisors LP now owns 889,716 shares of the retailer’s stock worth $27,047,000 after buying an additional 633,465 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Bed Bath & Beyond by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 910,413 shares of the retailer’s stock worth $27,677,000 after buying an additional 73,791 shares during the last quarter. 91.50% of the stock is currently owned by institutional investors.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 27.94 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 6.43 and a beta of 1.13. The stock has a 50 day moving average of $28.91 and a 200-day moving average of $35.18. Bed Bath & Beyond Inc. has a 1-year low of $26.96 and a 1-year high of $48.83.

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 the consensus estimate of $2.79 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts anticipate that Bed Bath & Beyond Inc. will post $4.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th. Bed Bath & Beyond’s payout ratio is 13.86%.

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A number of analysts have commented on the company. Zacks Investment Research raised Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, August 22nd. Morgan Stanley decreased their price objective on Bed Bath & Beyond from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, June 21st. Telsey Advisory Group decreased their price objective on Bed Bath & Beyond from $41.00 to $39.00 and set a “market perform” rating for the company in a report on Tuesday, June 20th. BidaskClub lowered Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Robert W. Baird reissued a “neutral” rating and set a $38.00 price objective (down from $42.00) on shares of Bed Bath & Beyond in a report on Monday, June 19th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.00.

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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