Gamco Investors INC. ET AL decreased its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 7.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,000 shares of the retailer’s stock after selling 3,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Bed Bath & Beyond were worth $1,064,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BBBY. Quantbot Technologies LP purchased a new stake in Bed Bath & Beyond during the first quarter valued at $106,000. First Manhattan Co. raised its position in Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock worth $127,000 after buying an additional 500 shares during the period. Westside Investment Management Inc. raised its position in Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock worth $127,000 after buying an additional 440 shares during the period. First Quadrant L P CA bought a new position in Bed Bath & Beyond during the second quarter worth approximately $141,000. Finally, Ameritas Investment Partners Inc. bought a new position in Bed Bath & Beyond during the first quarter worth approximately $146,000. 93.32% of the stock is owned by institutional investors and hedge funds.

Shares of Bed Bath & Beyond Inc. (BBBY) opened at 27.94 on Monday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 6.43 and a beta of 1.13. Bed Bath & Beyond Inc. has a 12 month low of $26.96 and a 12 month high of $48.83. The company has a 50-day moving average price of $28.91 and a 200-day moving average price of $35.18.

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 Zacks’ consensus estimate of $0.66 by $0.08. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. Bed Bath & Beyond’s revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Bed Bath & Beyond Inc. will post $4.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. Bed Bath & Beyond’s payout ratio is presently 13.86%.

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A number of research firms have commented on BBBY. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Bed Bath & Beyond in a research note on Saturday, June 24th. Morgan Stanley set a $30.00 price objective on Bed Bath & Beyond and gave the stock a “sell” rating in a research note on Saturday, June 24th. Wedbush set a $30.00 price objective on Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Saturday, June 24th. Bank of America Corporation set a $27.00 price objective on Bed Bath & Beyond and gave the stock a “sell” rating in a research note on Saturday, June 24th. Finally, UBS AG restated a “neutral” rating and set a $33.00 price objective (down previously from $37.00) on shares of Bed Bath & Beyond in a research note on Monday, June 26th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

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).

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Institutional Ownership by Quarter for Bed Bath & Beyond (NASDAQ:BBBY)

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