ING Groep NV Acquires 24,762 Shares of Bed Bath & Beyond Inc. (BBBY)

ING Groep NV boosted its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 298.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,046 shares of the retailer’s stock after buying an additional 24,762 shares during the period. ING Groep NV’s holdings in Bed Bath & Beyond were worth $1,005,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in 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 period. FMR LLC increased 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 valued at $529,501,000 after buying an additional 551,019 shares during the period. BlackRock Inc. increased 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 valued at $478,258,000 after buying an additional 11,697,533 shares during the period. State Street Corp increased 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 valued at $330,785,000 after buying an additional 261,732 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased 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 valued at $321,062,000 after buying an additional 872,036 shares during the period. 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, hitting $27.27. The stock had a trading volume of 1,945,254 shares. The company has a market cap of $3.84 billion, a P/E ratio of 6.27 and a beta of 1.13. The firm’s 50 day moving average price is $29.29 and its 200 day moving average price is $35.62. Bed Bath & Beyond Inc. has a 1-year low of $27.12 and a 1-year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business posted $0.80 EPS. Bed Bath & Beyond’s revenue was up .1% compared to the same quarter last year. Analysts predict that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current fiscal year.

The firm 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 $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 2.20%. Bed Bath & Beyond’s payout ratio is 13.86%.

TRADEMARK VIOLATION NOTICE: This report was first reported by BNB Daily and is owned by of BNB Daily. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/ing-groep-nv-has-1-01-million-stake-in-bed-bath-beyond-inc-bbby-updated-updated.html.

Several equities analysts recently commented on the company. UBS AG restated a “neutral” rating and set a $33.00 target price (down previously from $37.00) on shares of Bed Bath & Beyond in a research report on Monday, June 26th. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Saturday, June 24th. Morgan Stanley set a $30.00 target price on Bed Bath & Beyond and gave the stock a “sell” rating in a research report on Saturday, June 24th. Bank of America Corporation set a $27.00 price objective on Bed Bath & Beyond and gave the company a “sell” rating in a research report on Saturday, June 24th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Bed Bath & Beyond in a research report on Saturday, June 24th. Ten equities 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 stock. The stock presently has an average rating of “Hold” and an average 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)

Receive News & Ratings for Bed Bath & Beyond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply