CLARET ASSET MANAGEMENT Corp Sells 5,434 Shares of Bed Bath & Beyond Inc. (BBBY)

CLARET ASSET MANAGEMENT Corp decreased its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,266 shares of the retailer’s stock after selling 5,434 shares during the period. CLARET ASSET MANAGEMENT Corp owned about 0.06% of Bed Bath & Beyond worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Towle & Co. grew its position in shares of Bed Bath & Beyond by 35.4% during the 2nd quarter. Towle & Co. now owns 1,809,040 shares of the retailer’s stock valued at $36,045,000 after acquiring an additional 472,860 shares during the period. Strs Ohio bought a new position in Bed Bath & Beyond in the 2nd quarter worth $1,436,000. OMERS ADMINISTRATION Corp bought a new position in Bed Bath & Beyond in the 2nd quarter worth $406,000. Riverhead Capital Management LLC boosted its holdings in Bed Bath & Beyond by 89.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 27,720 shares of the retailer’s stock worth $552,000 after buying an additional 13,100 shares during the period. Finally, United Services Automobile Association boosted its holdings in Bed Bath & Beyond by 696.6% in the 2nd quarter. United Services Automobile Association now owns 172,136 shares of the retailer’s stock worth $9,858,000 after buying an additional 150,527 shares during the period. 94.42% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on BBBY shares. BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. JPMorgan Chase & Co. dropped their target price on shares of Bed Bath & Beyond from $16.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, September 27th. Zacks Investment Research raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Argus downgraded shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Credit Suisse Group dropped their target price on shares of Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, September 27th. Ten research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.07.



BBBY stock traded up $0.50 during mid-day trading on Tuesday, hitting $14.17. The company had a trading volume of 162,509 shares, compared to its average volume of 4,981,105. The stock has a market cap of $1.83 billion, a P/E ratio of 4.54, a PEG ratio of 6.59 and a beta of 0.96. Bed Bath & Beyond Inc. has a 12-month low of $13.03 and a 12-month high of $24.74. The company has a quick ratio of 0.60, a current ratio of 1.75 and a debt-to-equity ratio of 0.51.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Wednesday, September 26th. The retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.13). The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, analysts anticipate that Bed Bath & Beyond Inc. will post 2.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, December 13th. Bed Bath & Beyond’s payout ratio is currently 20.51%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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