Petrus Trust Company Lta buys $7,661,593 stake in Bed Bath & Beyond (BBBY)

Bed Bath & Beyond (BBBY) : Petrus Trust Company Lta scooped up 10,600 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 15, 2016. The investment management firm now holds a total of 166,087 shares of Bed Bath & Beyond which is valued at $7,661,593.Bed Bath & Beyond makes up approximately 1.66% of Petrus Trust Company Lta’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in BBBY by selling 36,813 shares or 46.71% in the most recent quarter. The Hedge Fund company now holds 42,002 shares of BBBY which is valued at $1,937,552. Bed Bath & Beyond makes up approx 0.10% of Cubist Systematic Strategies’s portfolio.Proshare Advisors boosted its stake in BBBY in the latest quarter, The investment management firm added 19,671 additional shares and now holds a total of 85,593 shares of Bed Bath & Beyond which is valued at $3,948,405. Bed Bath & Beyond makes up approx 0.05% of Proshare Advisors’s portfolio.United Services Automobile Association reduced its stake in BBBY by selling 3,394 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 76,246 shares of BBBY which is valued at $3,517,228. Bed Bath & Beyond makes up approx 0.01% of United Services Automobile Association’s portfolio.California State Teachers Retirement System reduced its stake in BBBY by selling 41,370 shares or 11.37% in the most recent quarter. The Hedge Fund company now holds 322,628 shares of BBBY which is valued at $14,102,070. Bed Bath & Beyond makes up approx 0.03% of California State Teachers Retirement System’s portfolio.

Bed Bath & Beyond closed down -0.48 points or -1.04% at $45.89 with 17,74,338 shares getting traded on Thursday. Post opening the session at $46.41, the shares hit an intraday low of $45.58 and an intraday high of $46.7 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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