Nationwide Fund Advisors grew its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 29.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,547 shares of the retailer’s stock after buying an additional 46,715 shares during the period. Nationwide Fund Advisors owned approximately 0.15% of Bed Bath & Beyond worth $6,218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its position in shares of Bed Bath & Beyond by 13.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,155,896 shares of the retailer’s stock valued at $45,612,000 after buying an additional 141,380 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Bed Bath & Beyond by 27.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,150 shares of the retailer’s stock worth $440,000 after acquiring an additional 2,432 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Bed Bath & Beyond by 43.5% during the 1st quarter. Ameriprise Financial Inc. now owns 103,612 shares of the retailer’s stock worth $4,092,000 after acquiring an additional 31,392 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Bed Bath & Beyond by 27.9% during the 1st quarter. State of Wisconsin Investment Board now owns 103,750 shares of the retailer’s stock worth $4,094,000 after acquiring an additional 22,610 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Bed Bath & Beyond during the 1st quarter worth $146,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on BBBY. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Wolfe Research downgraded Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $38.00 price target on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Robert W. Baird reaffirmed a “neutral” rating and set a $38.00 price target (down previously from $42.00) on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Finally, Telsey Advisory Group dropped their price target on Bed Bath & Beyond from $41.00 to $39.00 and set a “market perform” rating for the company in a research note on Tuesday, June 20th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.12.

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Bed Bath & Beyond Inc. (BBBY) opened at 23.60 on Tuesday. The stock’s 50 day moving average price is $26.66 and its 200 day moving average price is $32.56. The stock has a market capitalization of $3.30 billion, a PE ratio of 6.03 and a beta of 1.11. Bed Bath & Beyond Inc. has a 1-year low of $22.10 and a 1-year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. On average, equities research analysts predict that Bed Bath & Beyond Inc. will post $3.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.54%. Bed Bath & Beyond’s dividend payout ratio is presently 15.42%.

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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