Alambic Investment Management L.P. Acquires Shares of 21,700 Bed Bath & Beyond Inc. (BBBY)

Alambic Investment Management L.P. acquired a new stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) in the 4th quarter, HoldingsChannel reports. The fund acquired 21,700 shares of the retailer’s stock, valued at approximately $477,000.

A number of other large investors also recently modified their holdings of BBBY. Ffcm LLC raised its stake in shares of Bed Bath & Beyond by 2,958.6% during the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock valued at $104,000 after acquiring an additional 4,290 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Bed Bath & Beyond during the fourth quarter valued at $121,000. State of Alaska Department of Revenue bought a new position in shares of Bed Bath & Beyond during the fourth quarter valued at $180,000. Psagot Investment House Ltd. bought a new position in shares of Bed Bath & Beyond during the third quarter valued at $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Bed Bath & Beyond during the third quarter valued at $222,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Shares of Bed Bath & Beyond Inc. (BBBY) opened at $21.82 on Friday. Bed Bath & Beyond Inc. has a 12-month low of $19.07 and a 12-month high of $41.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 1.67. The firm has a market cap of $3,130.00, a price-to-earnings ratio of 6.27, a PEG ratio of -3.51 and a beta of 1.09.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. research analysts anticipate that Bed Bath & Beyond Inc. will post 3.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s payout ratio is 17.24%.

Several research firms have recently issued reports on BBBY. ValuEngine downgraded shares of Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Loop Capital set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, December 21st. Wedbush set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Wednesday, December 27th. Finally, Morgan Stanley set a $22.00 price objective on shares of Bed Bath & Beyond and gave the stock a “sell” rating in a research report on Thursday, December 21st. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Bed Bath & Beyond presently has a consensus rating of “Hold” and an average target price of $25.78.

In other Bed Bath & Beyond news, VP Matthew Fiorilli sold 16,957 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the sale, the vice president now directly owns 97,419 shares in the company, valued at $2,203,617.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

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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).

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

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