Regal Investment Advisors LLC Grows Stake in Bed Bath & Beyond Inc. (BBBY)

Regal Investment Advisors LLC lifted its position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 19.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,391 shares of the retailer’s stock after buying an additional 14,816 shares during the period. Regal Investment Advisors LLC owned approximately 0.07% of Bed Bath & Beyond worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BBBY. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Bed Bath & Beyond in the third quarter worth about $466,000. Gamco Investors INC. ET AL increased its holdings in shares of Bed Bath & Beyond by 18.1% in the third quarter. Gamco Investors INC. ET AL now owns 42,500 shares of the retailer’s stock worth $638,000 after purchasing an additional 6,500 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Bed Bath & Beyond by 115,725.0% in the third quarter. Advisory Services Network LLC now owns 46,330 shares of the retailer’s stock worth $695,000 after purchasing an additional 46,290 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Bed Bath & Beyond by 8.8% in the third quarter. Wells Fargo & Company MN now owns 760,786 shares of the retailer’s stock worth $11,411,000 after purchasing an additional 61,551 shares during the last quarter. Finally, Towle & Co. increased its holdings in shares of Bed Bath & Beyond by 1.5% in the third quarter. Towle & Co. now owns 1,836,750 shares of the retailer’s stock worth $27,551,000 after purchasing an additional 27,710 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Several equities research analysts have recently issued reports on BBBY shares. BidaskClub cut Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. JPMorgan Chase & Co. reduced their target price on Bed Bath & Beyond from $16.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, September 27th. Zacks Investment Research raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Argus cut Bed Bath & Beyond from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Credit Suisse Group reduced their price objective on Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, September 27th. Ten equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.64.

Shares of NASDAQ BBBY opened at $14.02 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. Bed Bath & Beyond Inc. has a 1-year low of $13.03 and a 1-year high of $24.74. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 7.05 and a beta of 0.94.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Wednesday, September 26th. The retailer reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. As a group, analysts predict that Bed Bath & Beyond Inc. will post 2.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.56%. Bed Bath & Beyond’s dividend payout ratio is 20.51%.

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About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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

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