Arizona State Retirement System reduced its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,964 shares of the retailer’s stock after selling 1,200 shares during the period. Arizona State Retirement System’s holdings in Bed Bath & Beyond were worth $1,093,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BBBY. Nicholas Hoffman & Company LLC. boosted its position in shares of Bed Bath & Beyond by 0.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 7,930 shares of the retailer’s stock worth $313,000 after buying an additional 28 shares during the period. Amalgamated Bank boosted its position in shares of Bed Bath & Beyond by 0.3% in the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock worth $417,000 after buying an additional 32 shares during the period. Nordea Investment Management AB boosted its position in shares of Bed Bath & Beyond by 1.7% in the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after buying an additional 129 shares during the period. Blair William & Co. IL boosted its position in shares of Bed Bath & Beyond by 1.5% in the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after buying an additional 213 shares during the period. Finally, ARGI Investment Services LLC boosted its position in shares of Bed Bath & Beyond by 1.1% in the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after buying an additional 284 shares during the period. 93.32% of the stock is owned by hedge funds and other institutional investors.

Bed Bath & Beyond Inc. (BBBY) opened at 27.94 on Wednesday. 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 $3.93 billion, a P/E ratio of 6.43 and a beta of 1.13. The company has a 50 day moving average of $28.91 and a 200-day moving average of $35.18.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. Bed Bath & Beyond’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current year.

The company also recently disclosed 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 dividend payout ratio is currently 13.86%.

ILLEGAL ACTIVITY WARNING: “Bed Bath & Beyond Inc. (BBBY) Shares Sold by Arizona State Retirement System” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/30/bed-bath-beyond-inc-bbby-shares-sold-by-arizona-state-retirement-system.html.

A number of research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Bed Bath & Beyond in a research report on Saturday, June 24th. Morgan Stanley set a $30.00 price target on shares of Bed Bath & Beyond and gave the company a “sell” rating in a research report on Saturday, June 24th. Wedbush set a $30.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Saturday, June 24th. Bank of America Corporation set a $27.00 price target on shares of Bed Bath & Beyond and gave the company a “sell” rating in a research report on Saturday, June 24th. Finally, UBS AG reissued a “neutral” rating and set a $33.00 price target (down from $37.00) on shares of Bed Bath & Beyond in a research report on Monday, June 26th. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and a consensus 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).

Want to see what other hedge funds are holding BBBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bed Bath & Beyond Inc. (NASDAQ:BBBY).

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.