Allianz Asset Management GmbH acquired a new position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the 4th quarter, HoldingsChannel reports. The fund acquired 433,387 shares of the retailer’s stock, valued at approximately $9,530,000.
A number of other institutional investors have also recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC grew its stake in Bed Bath & Beyond by 4.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,795,363 shares of the retailer’s stock worth $206,427,000 after buying an additional 339,594 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Bed Bath & Beyond by 364.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,710,466 shares of the retailer’s stock worth $103,583,000 after buying an additional 3,696,289 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bed Bath & Beyond by 64.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer’s stock worth $80,364,000 after buying an additional 1,336,053 shares during the last quarter. Schroder Investment Management Group grew its stake in Bed Bath & Beyond by 48.3% during the fourth quarter. Schroder Investment Management Group now owns 1,992,815 shares of the retailer’s stock worth $43,822,000 after buying an additional 649,180 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Bed Bath & Beyond by 6.2% during the third quarter. Legal & General Group Plc now owns 1,029,207 shares of the retailer’s stock worth $24,158,000 after buying an additional 60,196 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Matthew Fiorilli sold 16,957 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 97,419 shares in the company, valued at $2,203,617.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.00% of the company’s stock.
Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at $22.67 on Tuesday. Bed Bath & Beyond Inc. has a twelve month low of $19.07 and a twelve month high of $40.76. The firm has a market cap of $3,270.00, a P/E ratio of 6.51, a P/E/G ratio of -4.02 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 quarterly earnings data on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Bed Bath & Beyond had a net margin of 4.11% and a return on equity of 19.07%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Bed Bath & Beyond’s revenue was down 1.4% compared to the same quarter last year. equities analysts predict that Bed Bath & Beyond Inc. will post 3.01 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a yield of 2.65%. Bed Bath & Beyond’s dividend payout ratio is currently 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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