Rdl Financial Inc Lowers stake in Bed Bath & Beyond (BBBY)

Bed Bath & Beyond (BBBY) : Rdl Financial Inc reduced its stake in Bed Bath & Beyond by 17.7% during the most recent quarter end. The investment management company now holds a total of 37,537 shares of Bed Bath & Beyond which is valued at $1,640,742 after selling 8,071 shares in Bed Bath & Beyond , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Bed Bath & Beyond makes up approximately 1.18% of Rdl Financial Inc’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in BBBY by selling 525 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 17,434 shares of BBBY which is valued at $762,040. Bed Bath & Beyond makes up approx 0.03% of World Asset Management Inc’s portfolio.Proficio Capital Partners boosted its stake in BBBY in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 42 shares of Bed Bath & Beyond which is valued at $1,888.Herndon Capital Management reduced its stake in BBBY by selling 10,216 shares or 40.81% in the most recent quarter. The Hedge Fund company now holds 14,816 shares of BBBY which is valued at $665,979. Bed Bath & Beyond makes up approx 0.02% of Herndon Capital Management’s portfolio.Confluence Investment Management boosted its stake in BBBY in the latest quarter, The investment management firm added 83,956 additional shares and now holds a total of 661,652 shares of Bed Bath & Beyond which is valued at $29,072,989. Bed Bath & Beyond makes up approx 0.78% of Confluence Investment Management’s portfolio.First Quadrant L Pca boosted its stake in BBBY in the latest quarter, The investment management firm added 261,100 additional shares and now holds a total of 268,200 shares of Bed Bath & Beyond which is valued at $11,918,808. Bed Bath & Beyond makes up approx 0.25% of First Quadrant L Pca’s portfolio.

Bed Bath & Beyond opened for trading at $44.97 and hit $45.63 on the upside on Monday, eventually ending the session at $44.96, with a gain of 0.33% or 0.15 points. The heightened volatility saw the trading volume jump to 11,96,744 shares. Company has a market cap of $6,945 M.

On the company’s financial health, Bed Bath & Beyond reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $0.86. The company had revenue of $2738.08 million for the quarter, compared to analysts expectations of $2777.22 million. During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on Bed Bath & Beyond. Shares were Reiterated by Telsey Advisory Group on Jun 23, 2016 to “Market Perform” and Lowered the Price Target to $ 45 from a previous price target of $50 .Bed Bath & Beyond was Initiated by Longbow to “Neutral” on Jun 16, 2016. Topeka Capital Markets Initiated Bed Bath & Beyond on May 24, 2016 to “Sell”, Price Target of the shares are set at $37.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

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