Virginia Retirement Systems ET AL held its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,200 shares of the retailer’s stock at the end of the second quarter. Virginia Retirement Systems ET AL owned 0.07% of Bed Bath & Beyond worth $2,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position 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 valued at $127,000 after buying an additional 500 shares in the last quarter. 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 valued at $127,000 after buying an additional 440 shares in the last quarter. First Quadrant L P CA bought a new position in Bed Bath & Beyond during the second quarter valued at $141,000. Finally, Ameritas Investment Partners Inc. bought a new position in Bed Bath & Beyond during the first quarter valued at $146,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 27.94 on Monday. The firm has a market capitalization of $3.93 billion, a PE ratio of 6.43 and a beta of 1.13. Bed Bath & Beyond Inc. has a 1-year low of $26.96 and a 1-year high of $48.83. The company’s 50-day moving average is $28.91 and its 200 day moving average is $35.18.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.08. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. On average, equities analysts expect that Bed Bath & Beyond Inc. will post $4.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. The ex-dividend date 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 13.86%.

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Several research analysts have weighed in on BBBY shares. Argus reiterated a “buy” rating and issued a $40.00 price objective (down previously from $48.00) on shares of Bed Bath & Beyond in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Barclays PLC decreased their target price on shares of Bed Bath & Beyond from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, June 23rd. Loop Capital raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating and decreased their target price for the stock from $37.00 to $35.00 in a research report on Friday, May 12th. Finally, Jefferies Group LLC decreased their target price on shares of Bed Bath & Beyond from $41.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, June 23rd. Nine research 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. Bed Bath & Beyond has an average rating of “Hold” and a consensus price target of $35.00.

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).

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

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