Robeco Institutional Asset Management B.V. raised its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 498,850 shares of the retailer’s stock after buying an additional 58,039 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.35% of Bed Bath & Beyond worth $15,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BBBY. Barry Investment Advisors LLC boosted its position in Bed Bath & Beyond by 1.4% in the first quarter. Barry Investment Advisors LLC now owns 61,689 shares of the retailer’s stock worth $2,434,000 after buying an additional 847 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Bed Bath & Beyond by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 413,232 shares of the retailer’s stock worth $16,311,000 after buying an additional 10,524 shares in the last quarter. Sentinel Trust Co. LBA boosted its position in Bed Bath & Beyond by 11.3% in the first quarter. Sentinel Trust Co. LBA now owns 105,893 shares of the retailer’s stock worth $4,178,000 after buying an additional 10,750 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Bed Bath & Beyond by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,423 shares of the retailer’s stock worth $964,000 after buying an additional 701 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Bed Bath & Beyond by 40.5% in the first quarter. Canada Pension Plan Investment Board now owns 569,691 shares of the retailer’s stock worth $22,480,000 after buying an additional 164,110 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 28.00 on Tuesday. The company has a 50-day moving average price of $28.91 and a 200 day moving average price of $35.18. Bed Bath & Beyond Inc. has a 12-month low of $26.96 and a 12-month high of $48.83. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 6.44 and a beta of 1.13.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.08. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the company earned $0.80 earnings per share. Bed Bath & Beyond’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Bed Bath & Beyond Inc. will post $4.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 13.86%.

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A number of research analysts recently commented on the company. Loop Capital upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating and decreased their price objective for the company from $37.00 to $35.00 in a report on Friday, May 12th. Zacks Investment Research cut Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Monday, June 12th. ValuEngine cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $38.00 price objective on shares of Bed Bath & Beyond in a report on Monday, June 19th. Finally, Wolfe Research lowered Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Monday, June 19th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average target price of $35.00.

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).

Institutional Ownership by Quarter for Bed Bath & Beyond (NASDAQ:BBBY)

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