Commonwealth Bank of Australia lifted its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 58.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,511 shares of the retailer’s stock after acquiring an additional 30,800 shares during the quarter. Commonwealth Bank of Australia owned about 0.06% of Bed Bath & Beyond worth $2,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Bed Bath & Beyond by 25.8% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 112,990 shares of the retailer’s stock valued at $3,435,000 after acquiring an additional 23,170 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Bed Bath & Beyond by 26.2% during the first quarter. Advisors Asset Management Inc. now owns 10,474 shares of the retailer’s stock valued at $413,000 after acquiring an additional 2,176 shares during the period. ARGI Investment Services LLC increased its stake in shares of Bed Bath & Beyond by 1.1% during the first quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock valued at $1,076,000 after acquiring an additional 284 shares during the period. Quinn Opportunity Partners LLC increased its stake in shares of Bed Bath & Beyond by 15.3% during the second quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after acquiring an additional 10,000 shares during the period. Finally, Arvest Bank Trust Division increased its stake in shares of Bed Bath & Beyond by 1.2% during the second quarter. Arvest Bank Trust Division now owns 301,636 shares of the retailer’s stock valued at $9,170,000 after acquiring an additional 3,652 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 27.66 on Tuesday. The stock has a market capitalization of $3.89 billion, a PE ratio of 6.36 and a beta of 1.11. Bed Bath & Beyond Inc. has a 52-week low of $26.96 and a 52-week high of $48.83. The firm’s 50-day moving average is $28.58 and its 200 day moving average is $34.23.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $2.79 billion. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio is 13.86%.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine lowered shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and set a $34.00 price objective on shares of Bed Bath & Beyond in a research note on Thursday, July 27th. Finally, Wedbush lowered their price objective on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 4th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.00.

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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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