Teachers Retirement System of The State of Kentucky Continues to Hold Stake in Bed Bath & Beyond Inc. (BBBY)

Teachers Retirement System of The State of Kentucky maintained its position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,100 shares of the retailer’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Bed Bath & Beyond were worth $714,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Bed Bath & Beyond during the first quarter valued at about $106,000. Cutler Group LP raised its stake in shares of Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock valued at $115,000 after buying an additional 8,027 shares during the last quarter. First Manhattan Co. raised its stake in shares of Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock valued at $127,000 after buying an additional 500 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock valued at $127,000 after buying an additional 440 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Bed Bath & Beyond during the first quarter valued at approximately $146,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at 28.78 on Friday. The stock’s 50 day moving average price is $29.63 and its 200 day moving average price is $36.06. The stock has a market capitalization of $4.05 billion, a PE ratio of 6.62 and a beta of 1.13. Bed Bath & Beyond Inc. has a 1-year low of $27.99 and a 1-year high of $48.83.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities research analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio is currently 13.86%.

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BBBY has been the topic of several research analyst reports. Wolfe Research lowered shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Monday, June 19th. Zacks Investment Research lowered shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Bank of America Corporation decreased their target price on shares of Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, June 23rd. Argus reiterated a “buy” rating and issued a $40.00 price objective (down from $48.00) on shares of Bed Bath & Beyond in a research report on Wednesday, June 28th. Finally, Wedbush decreased their price objective on shares of Bed Bath & Beyond from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 4th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Bed Bath & Beyond currently has a consensus rating of “Hold” and an average target price of $35.24.

About Bed Bath & Beyond

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).

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

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