Quadrature Capital Ltd Invests $1.35 Million in Bed Bath & Beyond Inc. (NASDAQ:BBBY)

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Quadrature Capital Ltd bought a new position in Bed Bath & Beyond Inc. (NASDAQ:BBBY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 127,406 shares of the retailer’s stock, valued at approximately $1,351,000.

Other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of Bed Bath & Beyond by 562.4% in the second quarter. Glenmede Trust Co. NA now owns 2,590 shares of the retailer’s stock worth $27,000 after buying an additional 2,199 shares during the period. Point View Wealth Management Inc. boosted its position in shares of Bed Bath & Beyond by 21.1% in the first quarter. Point View Wealth Management Inc. now owns 12,219 shares of the retailer’s stock worth $51,000 after buying an additional 2,126 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Bed Bath & Beyond in the first quarter worth $52,000. US Bancorp DE boosted its position in shares of Bed Bath & Beyond by 60.2% in the second quarter. US Bancorp DE now owns 6,150 shares of the retailer’s stock worth $65,000 after buying an additional 2,311 shares during the period. Finally, Actinver Wealth Management Inc. boosted its position in shares of Bed Bath & Beyond by 17.1% in the first quarter. Actinver Wealth Management Inc. now owns 20,092 shares of the retailer’s stock worth $85,000 after buying an additional 2,936 shares during the period.

In other news, Director Ann Yerger purchased 6,000 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average cost of $8.29 per share, for a total transaction of $49,740.00. Following the completion of the purchase, the director now directly owns 17,371 shares of the company’s stock, valued at approximately $144,005.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sue Gove purchased 34,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average price of $7.89 per share, for a total transaction of $268,260.00. Following the completion of the purchase, the director now directly owns 42,342 shares of the company’s stock, valued at $334,078.38. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Shares of Bed Bath & Beyond stock traded down $0.08 during trading on Friday, reaching $11.75. The company’s stock had a trading volume of 6,090,681 shares, compared to its average volume of 6,759,226. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.64 and a current ratio of 1.55. The business’s fifty day moving average price is $11.34 and its 200-day moving average price is $8.54. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -2.67 and a beta of 2.53. Bed Bath & Beyond Inc. has a one year low of $3.43 and a one year high of $17.79.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, July 8th. The retailer reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.42) by ($0.54). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.39 billion. Bed Bath & Beyond had a negative return on equity of 11.52% and a negative net margin of 5.51%. The company’s revenue for the quarter was down 49.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that Bed Bath & Beyond Inc. will post -2.46 EPS for the current year.

A number of analysts recently issued reports on the company. Wells Fargo & Co reissued a “sell” rating and set a $8.00 price objective on shares of Bed Bath & Beyond in a research report on Wednesday, July 8th. Zacks Investment Research cut Bed Bath & Beyond from a “hold” rating to a “sell” rating and set a $11.00 price objective for the company. in a research report on Tuesday, July 28th. Bank of America lifted their price objective on Bed Bath & Beyond from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Friday, June 26th. Morgan Stanley lifted their price objective on Bed Bath & Beyond from $3.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, July 9th. Finally, BidaskClub raised Bed Bath & Beyond from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Bed Bath & Beyond currently has an average rating of “Hold” and an average price target of $10.43.

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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