Gratus Capital LLC maintained its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,010 shares of the retailer’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in Bed Bath & Beyond were worth $1,703,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp raised its stake in Bed Bath & Beyond by 126.0% in the second quarter. OMERS ADMINISTRATION Corp now owns 62,600 shares of the retailer’s stock worth $1,903,000 after buying an additional 34,900 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Bed Bath & Beyond during the second quarter worth approximately $251,000. Renaissance Group LLC raised its stake in Bed Bath & Beyond by 15.8% in the second quarter. Renaissance Group LLC now owns 59,801 shares of the retailer’s stock worth $1,818,000 after buying an additional 8,160 shares in the last quarter. Pacer Advisors Inc. raised its stake in Bed Bath & Beyond by 3.4% in the second quarter. Pacer Advisors Inc. now owns 23,286 shares of the retailer’s stock worth $708,000 after buying an additional 757 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Bed Bath & Beyond by 21.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,467 shares of the retailer’s stock worth $1,261,000 after buying an additional 7,369 shares in the last quarter. Institutional investors own 93.32% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 27.89 on Wednesday. Bed Bath & Beyond Inc. has a 52-week low of $26.96 and a 52-week high of $48.83. The stock has a market capitalization of $3.92 billion, a P/E ratio of 6.42 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 (NASDAQ:BBBY) last posted its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.79 billion. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. Bed Bath & Beyond’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Analysts predict that Bed Bath & Beyond Inc. will post $4.02 EPS for the current fiscal 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 given 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%.

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A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 price target for the company in a report on Tuesday, August 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $34.00 price target on shares of Bed Bath & Beyond in a report on Thursday, July 27th. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Wedbush lowered their price target on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 4th. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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).

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

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