Bed Bath & Beyond (BBBY) : Zwj Investment Counsel Inc scooped up 36,075 additional shares in Bed Bath & Beyond during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 237,999 shares of Bed Bath & Beyond which is valued at $10,883,694.Bed Bath & Beyond makes up approximately 1.09% of Zwj Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in BBBY in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 39,121 shares of Bed Bath & Beyond which is valued at $1,789,003. Bed Bath & Beyond makes up approx 0.04% of Norinchukin Bank The’s portfolio.Neuberger Berman Group reduced its stake in BBBY by selling 1,242 shares or 12.93% in the most recent quarter. The Hedge Fund company now holds 8,360 shares of BBBY which is valued at $374,612.Mutual Of America Capital Management reduced its stake in BBBY by selling 2,137 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 18,146 shares of BBBY which is valued at $793,162. Bed Bath & Beyond makes up approx 0.02% of Mutual Of America Capital Management’s portfolio. Eads Heald Investment Counsel sold out all of its stake in BBBY during the most recent quarter. The investment firm sold 4,695 shares of BBBY which is valued $211,040.Quantres Asset Management Ltd boosted its stake in BBBY in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 25,200 shares of Bed Bath & Beyond which is valued at $1,120,896. Bed Bath & Beyond makes up approx 0.67% of Quantres Asset Management Ltd’s portfolio.
Bed Bath & Beyond opened for trading at $46.11 and hit $46.81 on the upside on Monday, eventually ending the session at $46.5, with a gain of 0.80% or 0.37 points. The heightened volatility saw the trading volume jump to 20,75,830 shares. Company has a market cap of $7,182 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.