Bed Bath & Beyond Inc. (NASDAQ:BBBY) Shares Sold by Parametric Portfolio Associates LLC

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Parametric Portfolio Associates LLC cut its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,014,998 shares of the retailer’s stock after selling 1,456 shares during the quarter. Parametric Portfolio Associates LLC owned about 1.58% of Bed Bath & Beyond worth $23,414,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Bed Bath & Beyond in the first quarter valued at $30,000. Advisory Services Network LLC raised its stake in Bed Bath & Beyond by 825.7% in the second quarter. Advisory Services Network LLC now owns 9,053 shares of the retailer’s stock valued at $105,000 after purchasing an additional 8,075 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in Bed Bath & Beyond in the second quarter valued at approximately $112,000. Harvey Capital Management Inc. purchased a new stake in Bed Bath & Beyond in the second quarter valued at approximately $116,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Bed Bath & Beyond in the second quarter valued at approximately $121,000.

Shares of NASDAQ:BBBY traded up $0.13 during trading hours on Thursday, hitting $9.83. 108,541 shares of the company’s stock traded hands, compared to its average volume of 6,702,943. Bed Bath & Beyond Inc. has a 52 week low of $7.31 and a 52 week high of $19.57. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.48 and a current ratio of 1.52. The company’s fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $12.84. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 4.80, a price-to-earnings-growth ratio of 5.44 and a beta of 1.21.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, July 10th. The retailer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Bed Bath & Beyond had a positive return on equity of 9.49% and a negative net margin of 4.66%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts anticipate that Bed Bath & Beyond Inc. will post 1.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend is Thursday, September 12th. Bed Bath & Beyond’s payout ratio is 33.17%.

BBBY has been the topic of several analyst reports. Raymond James set a $17.00 target price on Bed Bath & Beyond and gave the stock a “buy” rating in a report on Friday, August 30th. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $14.00 price objective (down previously from $20.00) on shares of Bed Bath & Beyond in a research report on Wednesday, July 3rd. Goldman Sachs Group began coverage on shares of Bed Bath & Beyond in a research report on Thursday, July 11th. They set a “sell” rating and a $11.00 price objective for the company. Finally, Loop Capital reaffirmed an “average” rating and set a $12.00 price objective on shares of Bed Bath & Beyond in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average target price of $15.55.

Bed Bath & Beyond Company Profile

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.

Further Reading: Diluted Earnings Per Share

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

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