AT Bancorp purchased a new position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the third quarter, Holdings Channel reports. The fund purchased 31,312 shares of the retailer’s stock, valued at approximately $1,350,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Bed Bath & Beyond by 7.6% in the second quarter. FMR LLC now owns 12,156,947 shares of the retailer’s stock valued at $525,423,000 after buying an additional 860,235 shares during the period. JPMorgan Chase & Co. boosted its stake in Bed Bath & Beyond by 10.3% in the second quarter. JPMorgan Chase & Co. now owns 6,749,160 shares of the retailer’s stock valued at $291,699,000 after buying an additional 630,285 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Bed Bath & Beyond by 3.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,122,848 shares of the retailer’s stock valued at $82,449,000 after buying an additional 63,161 shares during the period. BlackRock Group LTD boosted its stake in Bed Bath & Beyond by 12.1% in the second quarter. BlackRock Group LTD now owns 1,896,021 shares of the retailer’s stock valued at $81,945,000 after buying an additional 205,277 shares during the period. Finally, Bank of Montreal Can bought a new stake in Bed Bath & Beyond during the second quarter valued at about $57,209,000. 92.23% of the stock is owned by hedge funds and other institutional investors.

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

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded down 0.42% during trading on Tuesday, reaching $45.06. 2,090,416 shares of the company’s stock traded hands. Bed Bath & Beyond Inc. has a one year low of $38.60 and a one year high of $54.88. The stock has a market cap of $6.69 billion, a P/E ratio of 9.14 and a beta of 0.84. The firm’s 50 day moving average price is $42.12 and its 200-day moving average price is $43.62.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, September 21st. The retailer reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by $0.05. The business earned $2.99 billion during the quarter. Bed Bath & Beyond had a net margin of 6.38% and a return on equity of 29.79%. Bed Bath & Beyond’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that Bed Bath & Beyond Inc. will post $4.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. Bed Bath & Beyond’s payout ratio is 10.18%.

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BBBY has been the subject of several research reports. Wedbush reissued a “neutral” rating and issued a $42.00 price objective on shares of Bed Bath & Beyond in a research report on Tuesday, October 4th. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price objective on shares of Bed Bath & Beyond in a research report on Friday, September 23rd. Credit Suisse Group AG set a $41.00 price target on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Finally, Vetr raised shares of Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 25th. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.

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).

5 Day Chart for NASDAQ:BBBY

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