Harvey Capital Management Inc. acquired a new position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the retailer’s stock, valued at approximately $116,000.

Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Bed Bath & Beyond by 13.6% in the 1st quarter. Parallel Advisors LLC now owns 5,446 shares of the retailer’s stock worth $93,000 after buying an additional 653 shares during the period. Mason Street Advisors LLC raised its position in shares of Bed Bath & Beyond by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 73,103 shares of the retailer’s stock worth $1,242,000 after buying an additional 792 shares during the period. Signaturefd LLC raised its position in shares of Bed Bath & Beyond by 13.3% in the 1st quarter. Signaturefd LLC now owns 10,825 shares of the retailer’s stock worth $184,000 after buying an additional 1,268 shares during the period. Rhumbline Advisers raised its position in shares of Bed Bath & Beyond by 0.3% in the 1st quarter. Rhumbline Advisers now owns 424,700 shares of the retailer’s stock worth $7,216,000 after buying an additional 1,313 shares during the period. Finally, Investors Research Corp purchased a new position in shares of Bed Bath & Beyond in the 1st quarter worth $27,000. Institutional investors and hedge funds own 97.43% of the company’s stock.

Shares of Bed Bath & Beyond stock traded down $0.39 during trading hours on Tuesday, hitting $9.28. 214,913 shares of the company’s stock traded hands, compared to its average volume of 8,557,790. The stock has a 50 day moving average of $11.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.48 and a current ratio of 1.52. The stock has a market cap of $1.23 billion, a P/E ratio of 4.51, a PEG ratio of 5.22 and a beta of 1.19. Bed Bath & Beyond Inc. has a twelve month low of $9.13 and a twelve month high of $19.59.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Bed Bath & Beyond had a positive return on equity of 9.49% and a negative net margin of 4.66%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Bed Bath & Beyond Inc. will post 1.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid 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 dividend yield of 7.33%. Bed Bath & Beyond’s dividend payout ratio is presently 33.17%.

BBBY has been the topic of several research reports. BidaskClub lowered Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. Deutsche Bank increased their target price on Bed Bath & Beyond from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, April 11th. Finally, Bank of America set a $25.00 target price on Bed Bath & Beyond and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Bed Bath & Beyond presently has an average rating of “Hold” and an average target price of $15.55.

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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