Bed Bath & Beyond Inc. (BBBY) Holdings Raised by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC raised its holdings in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,067 shares of the retailer’s stock after acquiring an additional 66,567 shares during the quarter. Bed Bath & Beyond makes up about 0.7% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 26th biggest position. Quinn Opportunity Partners LLC owned about 0.32% of Bed Bath & Beyond worth $5,061,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Contrarius Investment Management Ltd grew its position in shares of Bed Bath & Beyond by 32.9% during the fourth quarter. Contrarius Investment Management Ltd now owns 9,207,291 shares of the retailer’s stock valued at $104,227,000 after purchasing an additional 2,276,723 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bed Bath & Beyond by 13.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,259,473 shares of the retailer’s stock valued at $127,458,000 after purchasing an additional 1,317,631 shares in the last quarter. South Texas Money Management Ltd. purchased a new position in shares of Bed Bath & Beyond during the third quarter valued at about $18,640,000. Renaissance Technologies LLC grew its position in shares of Bed Bath & Beyond by 1,688.8% during the third quarter. Renaissance Technologies LLC now owns 1,280,060 shares of the retailer’s stock valued at $19,201,000 after purchasing an additional 1,208,502 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Bed Bath & Beyond by 241.2% during the third quarter. Deutsche Bank AG now owns 1,504,913 shares of the retailer’s stock valued at $22,570,000 after purchasing an additional 1,063,793 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.

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BBBY opened at $14.96 on Monday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 4.79, a P/E/G ratio of 5.61 and a beta of 1.14. Bed Bath & Beyond Inc. has a 12 month low of $10.46 and a 12 month high of $23.28. The company has a quick ratio of 0.55, a current ratio of 1.67 and a debt-to-equity ratio of 0.51.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, January 9th. The retailer reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.04 billion. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Analysts anticipate that Bed Bath & Beyond Inc. will post 2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 15th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, March 14th. Bed Bath & Beyond’s payout ratio is currently 20.51%.

A number of research analysts have recently weighed in on BBBY shares. Zacks Investment Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Wells Fargo & Co restated a “sell” rating and set a $11.00 price objective on shares of Bed Bath & Beyond in a research report on Monday, January 7th. Telsey Advisory Group restated a “market perform” rating and set a $13.00 price objective (down previously from $16.00) on shares of Bed Bath & Beyond in a research report on Friday, January 4th. Barclays lowered Bed Bath & Beyond from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $13.00 in a research report on Monday, March 4th. Finally, BidaskClub lowered Bed Bath & Beyond from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.50.

In other Bed Bath & Beyond news, Director Jordan Heller sold 19,554 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $15.26, for a total value of $298,394.04. Following the completion of the sale, the director now owns 5,647 shares of the company’s stock, valued at $86,173.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is owned by company insiders.

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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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