Nisa Investment Advisors LLC Acquires 14,100 Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Nisa Investment Advisors LLC increased its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 132.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,710 shares of the retailer’s stock after purchasing an additional 14,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Bed Bath & Beyond were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investors Research Corp bought a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $27,000. Motco bought a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $30,000. Penserra Capital Management LLC bought a new position in shares of Bed Bath & Beyond during the first quarter valued at approximately $30,000. Parallel Advisors LLC boosted its stake in shares of Bed Bath & Beyond by 13.6% during the first quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock valued at $93,000 after purchasing an additional 653 shares in the last quarter. Finally, Supplemental Annuity Collective Trust of NJ acquired a new stake in Bed Bath & Beyond in the second quarter valued at approximately $174,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. BidaskClub upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 27th. Telsey Advisory Group restated a “market perform” rating and issued a $14.00 target price (down from $20.00) on shares of Bed Bath & Beyond in a research note on Wednesday, July 3rd. Citigroup lowered their target price on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Robert W. Baird lowered their target price on shares of Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.55.

Shares of Bed Bath & Beyond stock opened at $8.89 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $10.67. Bed Bath & Beyond Inc. has a 1 year low of $8.43 and a 1 year high of $19.59. The stock has a market capitalization of $1.15 billion, a PE ratio of 4.34, a PEG ratio of 4.81 and a beta of 1.22.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Bed Bath & Beyond had a negative net margin of 4.66% and a positive return on equity of 9.49%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that Bed Bath & Beyond Inc. will post 1.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.68 annualized dividend and a yield of 7.65%. Bed Bath & Beyond’s dividend payout ratio is presently 33.17%.

Bed Bath & Beyond Profile

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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