Bed Bath & Beyond Inc. (BBBY) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421,159 shares of the retailer’s stock after buying an additional 7,927 shares during the period. Great West Life Assurance Co. Can owned 0.30% of Bed Bath & Beyond worth $12,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 worth $552,180,000 after buying an additional 298,107 shares during the period. FMR LLC raised its position in Bed Bath & Beyond by 4.3% in the first quarter. FMR LLC now owns 13,418,679 shares of the retailer’s stock worth $529,501,000 after buying an additional 551,019 shares during the period. BlackRock Inc. raised its position in Bed Bath & Beyond by 2,768.5% in the first quarter. BlackRock Inc. now owns 12,120,048 shares of the retailer’s stock worth $478,258,000 after buying an additional 11,697,533 shares during the period. State Street Corp raised its position in Bed Bath & Beyond by 3.2% in the first quarter. State Street Corp now owns 8,382,743 shares of the retailer’s stock worth $330,785,000 after buying an additional 261,732 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in 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 worth $321,062,000 after buying an additional 872,036 shares during the period. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.76% during mid-day trading on Friday, reaching $27.27. The company’s stock had a trading volume of 1,945,254 shares. The company has a 50-day moving average of $29.29 and a 200-day moving average of $35.62. The company has a market cap of $3.84 billion, a P/E ratio of 6.27 and a beta of 1.13. Bed Bath & Beyond Inc. has a 12 month low of $27.12 and a 12 month high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last posted 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 net margin of 5.22% and a return on equity of 24.38%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue was up .1% on a year-over-year basis. Equities research analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.20%. Bed Bath & Beyond’s dividend payout ratio is currently 13.86%.

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BBBY has been the topic of several recent analyst reports. 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 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Saturday, June 24th. UBS AG reiterated a “neutral” rating and issued a $33.00 price target (down previously from $37.00) on shares of Bed Bath & Beyond in a research note on Monday, June 26th. Oppenheimer Holdings, Inc. reiterated 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 decreased their price target for the company from $37.00 to $35.00 in a research note on Friday, May 12th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.24.

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).

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

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