Accident Compensation Corp Has $1.79 Million Stake in Bed Bath & Beyond Inc. (BBBY)

Accident Compensation Corp grew its stake in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,740 shares of the retailer’s stock after buying an additional 5,000 shares during the period. Accident Compensation Corp’s holdings in Bed Bath & Beyond were worth $1,786,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smith Graham & Co. Investment Advisors LP lifted its position in shares of Bed Bath & Beyond by 25.8% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 112,990 shares of the retailer’s stock valued at $3,435,000 after buying an additional 23,170 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in shares of Bed Bath & Beyond by 15.3% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 75,500 shares of the retailer’s stock valued at $2,295,000 after buying an additional 10,000 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Bed Bath & Beyond by 26.2% during the 1st quarter. Advisors Asset Management Inc. now owns 10,474 shares of the retailer’s stock valued at $413,000 after buying an additional 2,176 shares in the last quarter. ARGI Investment Services LLC lifted its position in shares of Bed Bath & Beyond by 1.1% during the 1st quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock valued at $1,076,000 after buying an additional 284 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in shares of Bed Bath & Beyond during the 2nd quarter valued at about $1,096,000. 93.35% of the stock is currently owned by hedge funds and other institutional investors.

BBBY has been the topic of several recent analyst reports. Argus reissued a “buy” rating and set a $40.00 target price (down previously from $48.00) on shares of Bed Bath & Beyond in a research note on Wednesday, June 28th. ValuEngine raised Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, September 5th. Barclays PLC decreased their target price on Bed Bath & Beyond from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, June 23rd. Finally, Jefferies Group LLC decreased their target price on Bed Bath & Beyond from $41.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, June 23rd. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.94.

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Shares of Bed Bath & Beyond Inc. (BBBY) traded down 0.66% during trading on Friday, hitting $28.67. The stock had a trading volume of 3,550,690 shares. The firm’s 50-day moving average is $28.55 and its 200 day moving average is $33.93. Bed Bath & Beyond Inc. has a 52-week low of $26.96 and a 52-week high of $48.83. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 6.60 and a beta of 1.11.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.08). Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the business posted $0.80 EPS. Bed Bath & Beyond’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts expect that Bed Bath & Beyond Inc. will post $4.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 15th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.09%. Bed Bath & Beyond’s dividend payout ratio is presently 13.86%.

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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