168,525 Shares in Bed Bath & Beyond, Inc. $BBBY Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Bed Bath & Beyond, Inc. (NYSE:BBBY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 168,525 shares of the company’s stock, valued at approximately $920,000. GSA Capital Partners LLP owned 0.24% of Bed Bath & Beyond at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BBBY. Headlands Technologies LLC bought a new position in Bed Bath & Beyond in the 2nd quarter valued at $33,000. Stockman Wealth Management Inc. bought a new position in Bed Bath & Beyond in the 4th quarter valued at $55,000. Choreo LLC bought a new position in Bed Bath & Beyond in the 4th quarter valued at $68,000. Patriot Financial Group Insurance Agency LLC bought a new position in Bed Bath & Beyond in the 4th quarter valued at $125,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Bed Bath & Beyond by 20.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,291 shares of the company’s stock valued at $140,000 after purchasing an additional 3,469 shares during the period. 76.30% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Joseph J. Tabacco, Jr. acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $5.11 per share, for a total transaction of $102,200.00. Following the completion of the transaction, the director owned 167,209 shares of the company’s stock, valued at $854,437.99. The trade was a 13.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBBY. Piper Sandler set a $8.00 price target on shares of Bed Bath & Beyond and gave the company a “neutral” rating in a report on Tuesday, February 24th. Wedbush reissued an “outperform” rating and issued a $8.00 price target (up from $7.00) on shares of Bed Bath & Beyond in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Bed Bath & Beyond from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.00.

Bed Bath & Beyond Stock Performance

Bed Bath & Beyond stock opened at $5.60 on Friday. The firm’s fifty day moving average price is $4.96 and its 200-day moving average price is $5.64. The stock has a market cap of $414.29 million, a P/E ratio of -5.90 and a beta of 2.81. Bed Bath & Beyond, Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $12.65.

Bed Bath & Beyond (NYSE:BBBY) last posted its quarterly earnings data on Monday, April 27th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.06. The firm had revenue of $248.00 million for the quarter. Bed Bath & Beyond had a negative net margin of 5.76% and a negative return on equity of 27.60%.

Bed Bath & Beyond Profile

Bed Bath & Beyond Inc (NYSE:BBBY) was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.