Balyasny Asset Management LLC increased its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 98.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,712 shares of the retailer’s stock after purchasing an additional 33,675 shares during the quarter. Balyasny Asset Management LLC’s holdings in Bed Bath & Beyond were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Petrus Trust Company LTA lifted its stake in shares of Bed Bath & Beyond by 16.2% in the 2nd quarter. Petrus Trust Company LTA now owns 212,515 shares of the retailer’s stock valued at $6,460,000 after purchasing an additional 29,679 shares during the period. Frontier Wealth Management LLC purchased a new position in shares of Bed Bath & Beyond in the 2nd quarter valued at approximately $311,000. Numeric Investors LLC lifted its stake in shares of Bed Bath & Beyond by 46.5% in the 2nd quarter. Numeric Investors LLC now owns 20,800 shares of the retailer’s stock valued at $632,000 after purchasing an additional 6,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bed Bath & Beyond by 20.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,088,055 shares of the retailer’s stock valued at $63,479,000 after purchasing an additional 351,830 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Bed Bath & Beyond in the 2nd quarter valued at approximately $68,548,000. Institutional investors own 93.30% of the company’s stock.

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Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 21.29 on Friday. Bed Bath & Beyond Inc. has a one year low of $21.03 and a one year high of $48.83. The company has a 50 day moving average price of $25.49 and a 200 day moving average price of $31.73. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 5.44 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Tuesday, September 19th. The retailer reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 21.74% and a net margin of 4.64%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. Equities analysts predict that Bed Bath & Beyond Inc. will post $3.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.82%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 15.42%.

A number of research firms have recently commented on BBBY. UBS AG restated a “neutral” rating and issued a $33.00 target price (down previously from $37.00) on shares of Bed Bath & Beyond in a research note on Monday, June 26th. ValuEngine upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Morgan Stanley set a $30.00 target price on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Saturday, June 24th. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Saturday, June 24th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Bed Bath & Beyond in a research note on Saturday, June 24th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.12.

Bed Bath & Beyond 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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