Pensionfund Sabic buys $1.4 Million stake in Bed Bath & Beyond (BBBY)

Bed Bath & Beyond (BBBY) : Pensionfund Sabic scooped up 5,000 additional shares in Bed Bath & Beyond during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 30,000 shares of Bed Bath & Beyond which is valued at $1.4 Million.Bed Bath & Beyond makes up approximately 0.43% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in BBBY in the latest quarter, The investment management firm added 18,000 additional shares and now holds a total of 68,000 shares of Bed Bath & Beyond which is valued at $3.2 Million. Bed Bath & Beyond makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Bed Bath & Beyond reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $1.80. The company had revenue of $3417.89 million for the quarter, compared to analysts expectations of $3386.15 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS.

Many Wall Street Analysts have commented on Bed Bath & Beyond. Barclays Initiated Bed Bath & Beyond on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $50.Bed Bath & Beyond was Initiated by Guggenheim to “Neutral” on Mar 16, 2016. Bed Bath & Beyond was Upgraded by Wolfe Research to ” Peer Perform” on Feb 26, 2016.

Bed Bath & Beyond closed down -0.59 points or -1.26% at $46.4 with 37,70,558 shares getting traded on Monday. Post opening the session at $46.81, the shares hit an intraday low of $46.37 and an intraday high of $47.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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