Bed Bath & Beyond Inc. (BBBY) Shares Sold by Dynamic Capital Management Ltd

Dynamic Capital Management Ltd decreased its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 91.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,466 shares of the retailer’s stock after selling 228,581 shares during the quarter. Dynamic Capital Management Ltd’s holdings in Bed Bath & Beyond were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ffcm LLC raised its stake in Bed Bath & Beyond by 2,958.6% during the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after acquiring an additional 4,290 shares in the last quarter. Cerebellum GP LLC acquired a new position in Bed Bath & Beyond during the fourth quarter worth about $121,000. State of Alaska Department of Revenue acquired a new position in Bed Bath & Beyond during the fourth quarter worth about $180,000. Psagot Investment House Ltd. acquired a new position in Bed Bath & Beyond during the third quarter worth about $217,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Bed Bath & Beyond during the third quarter worth about $222,000. 89.63% of the stock is owned by hedge funds and other institutional investors.

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In related news, VP Matthew Fiorilli sold 16,957 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Several research analysts have commented on BBBY shares. Moffett Nathanson started coverage on Bed Bath & Beyond in a research note on Monday, December 4th. They set a “neutral” rating for the company. JPMorgan Chase & Co. downgraded Bed Bath & Beyond from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $23.03 to $18.00 in a research note on Friday, January 26th. ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp lowered their price objective on Bed Bath & Beyond from $21.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Bed Bath & Beyond in a research note on Thursday, January 25th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.39.

Shares of Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $22.46 on Friday. Bed Bath & Beyond Inc. has a twelve month low of $19.07 and a twelve month high of $40.76. The company has a market capitalization of $3,097.48, a P/E ratio of 6.02, a P/E/G ratio of -3.89 and a beta of 1.10. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s payout ratio is presently 17.24%.

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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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