CENTRAL TRUST Co Continues to Hold Stake in Bed Bath & Beyond Inc. (BBBY)

CENTRAL TRUST Co maintained its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,413 shares of the retailer’s stock at the end of the second quarter. CENTRAL TRUST Co’s holdings in Bed Bath & Beyond were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Bed Bath & Beyond by 2.2% in the first quarter. Vanguard Group Inc. now owns 13,993,417 shares of the retailer’s stock valued at $552,180,000 after buying an additional 298,107 shares during the last quarter. FMR LLC boosted its stake in shares of Bed Bath & Beyond by 4.3% in the first quarter. FMR LLC now owns 13,418,679 shares of the retailer’s stock valued at $529,501,000 after buying an additional 551,019 shares during the period. BlackRock Inc. boosted its stake in shares of Bed Bath & Beyond by 2,768.5% in the first quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock valued at $478,258,000 after buying an additional 11,697,533 shares during the period. State Street Corp boosted its stake in shares of Bed Bath & Beyond by 3.2% in the first quarter. State Street Corp now owns 8,382,743 shares of the retailer’s stock valued at $330,785,000 after buying an additional 261,732 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Bed Bath & Beyond by 12.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 8,136,389 shares of the retailer’s stock valued at $321,062,000 after buying an additional 872,036 shares during the period. 92.45% of the stock is currently owned by institutional investors.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) traded up 1.34% during mid-day trading on Friday, hitting $28.78. The stock had a trading volume of 2,331,029 shares. The stock’s 50-day moving average is $29.63 and its 200 day moving average is $36.06. Bed Bath & Beyond Inc. has a 1-year low of $27.99 and a 1-year high of $48.83. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 6.62 and a beta of 1.13.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio is currently 13.86%.

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Several equities research analysts recently issued reports on BBBY shares. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $38.00 price target on shares of Bed Bath & Beyond in a research note on Monday, June 19th. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a “hold” rating in a research note on Saturday, June 24th. UBS AG restated a “neutral” rating and set a $33.00 target price (down from $37.00) on shares of Bed Bath & Beyond in a research note on Monday, June 26th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Bed Bath & Beyond in a research note on Tuesday, July 4th. Finally, Loop Capital upgraded Bed Bath & Beyond from a “sell” rating to a “hold” rating and cut their target price for the stock from $37.00 to $35.00 in a research note on Friday, May 12th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.24.

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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