Cubist Systematic Strategies LLC bought a new position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 42,083 shares of the retailer’s stock, valued at approximately $988,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BBBY. Renaissance Technologies LLC acquired a new stake in Bed Bath & Beyond during the 2nd quarter worth $68,548,000. Dimensional Fund Advisors LP boosted its position in shares of Bed Bath & Beyond by 64.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock valued at $80,364,000 after acquiring an additional 1,336,053 shares during the last quarter. FMR LLC boosted its position in shares of Bed Bath & Beyond by 9.9% during the 2nd quarter. FMR LLC now owns 14,748,756 shares of the retailer’s stock valued at $448,363,000 after acquiring an additional 1,330,077 shares during the last quarter. Contrarius Investment Management Ltd acquired a new position in shares of Bed Bath & Beyond during the 3rd quarter valued at about $18,776,000. Finally, Bridgewater Associates LP boosted its position in shares of Bed Bath & Beyond by 154.3% during the 2nd quarter. Bridgewater Associates LP now owns 1,041,747 shares of the retailer’s stock valued at $31,669,000 after acquiring an additional 632,119 shares during the last quarter. 91.72% of the stock is currently owned by institutional investors.

BBBY has been the topic of several recent research reports. Zacks Investment Research raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, September 14th. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays reissued an “equal weight” rating and set a $30.00 price target (down previously from $40.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Loop Capital reissued a “hold” rating and set a $23.00 price target (down previously from $35.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Finally, UBS reissued a “hold” rating and set a $24.00 price target (down previously from $30.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. Bed Bath & Beyond presently has a consensus rating of “Hold” and a consensus target price of $27.88.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at $24.57 on Thursday. The stock has a market cap of $3,430.00, a PE ratio of 5.87 and a beta of 1.10. Bed Bath & Beyond Inc. has a fifty-two week low of $19.07 and a fifty-two week high of $46.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 0.33.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. Bed Bath & Beyond’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. equities analysts predict that Bed Bath & Beyond Inc. will post 2.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.44%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 15.42%.

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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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