Mutual of America Capital Management LLC Lowers Stake in Bed Bath & Beyond Inc. (BBBY)

Mutual of America Capital Management LLC trimmed its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 4.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,930 shares of the retailer’s stock after selling 776 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bed Bath & Beyond were worth $545,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Bed Bath & Beyond during the first quarter worth approximately $106,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Bed Bath & Beyond by 928.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,836 shares of the retailer’s stock worth $117,000 after purchasing an additional 3,463 shares during the period. First Quadrant L P CA acquired a new position in shares of Bed Bath & Beyond during the second quarter worth approximately $141,000. Ameritas Investment Partners Inc. acquired a new position in shares of Bed Bath & Beyond during the first quarter worth approximately $146,000. Finally, Glenview State Bank Trust DEPT. acquired a new position in shares of Bed Bath & Beyond during the second quarter worth approximately $243,000. 93.30% of the stock is currently owned by institutional investors.

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BBBY has been the topic of a number of research reports. Argus reaffirmed a “buy” rating and set a $40.00 target price (down from $48.00) on shares of Bed Bath & Beyond in a research report on Wednesday, June 28th. ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, September 5th. Barclays PLC lowered their price target on Bed Bath & Beyond from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, June 23rd. Finally, Jefferies Group LLC lowered their price target on Bed Bath & Beyond from $41.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, June 23rd. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.12.

Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 22.18 on Wednesday. The stock’s 50 day moving average price is $25.83 and its 200 day moving average price is $31.88. The company has a market cap of $3.08 billion, a P/E ratio of 5.67 and a beta of 1.11. Bed Bath & Beyond Inc. has a 1-year low of $22.01 and a 1-year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.28). The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS. On average, equities analysts anticipate that Bed Bath & Beyond Inc. will post $3.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, December 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 15.42%.

Bed Bath & Beyond 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).

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

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