Dimensional Fund Advisors LP Has $4.20 Million Holdings in Bed Bath & Beyond, Inc. $BBBY

Key Points

• Dimensional Fund Advisors increased its Bed Bath & Beyond position by 49.4% in the first quarter, owning 905,712 shares valued at approximately $4.20 million, or 1.22% of the company.
• Institutional investors and hedge funds hold 76.3% of the stock, while director Joanna M. Burkey sold 9,943 shares under a pre-arranged Rule 10b5-1 plan; insiders retain a 1.8% stake.
• Bed Bath & Beyond reported a quarterly loss of $0.53 per share, missing the $0.30 consensus estimate, and analysts give the stock an average “Hold” rating with an $8.67 price target.

Dimensional Fund Advisors LP raised its position in shares of Bed Bath & Beyond, Inc. (NYSE:BBBY - Free Report) by 49.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 905,712 shares of the company's stock after buying an additional 299,391 shares during the quarter. Dimensional Fund Advisors LP owned 1.22% of Bed Bath & Beyond worth $4,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Bed Bath & Beyond in the second quarter worth approximately $33,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bed Bath & Beyond in the 4th quarter valued at approximately $37,000. New York State Common Retirement Fund purchased a new stake in shares of Bed Bath & Beyond in the 4th quarter valued at approximately $47,000. Stockman Wealth Management Inc. acquired a new position in Bed Bath & Beyond in the 4th quarter worth approximately $55,000. Finally, ExodusPoint Capital Management LP acquired a new position in Bed Bath & Beyond in the 4th quarter worth approximately $63,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bed Bath & Beyond

In related news, Director Joanna M. Burkey sold 9,943 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $6.38, for a total value of $63,436.34. Following the transaction, the director directly owned 32,474 shares of the company's stock, valued at approximately $207,184.12. This trade represents a 23.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company's stock.

Bed Bath & Beyond Trading Down 1.6%

Bed Bath & Beyond stock opened at $4.20 on Thursday. Bed Bath & Beyond, Inc. has a one year low of $4.18 and a one year high of $12.65. The company's fifty day moving average price is $5.47 and its two-hundred day moving average price is $5.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.59. The company has a market capitalization of $310.55 million, a price-to-earnings ratio of -3.68 and a beta of 2.89.

Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.23). The company had revenue of $361.16 million during the quarter. Bed Bath & Beyond had a negative return on equity of 37.60% and a negative net margin of 7.13%.During the same period in the prior year, the company earned ($0.34) earnings per share. On average, analysts forecast that Bed Bath & Beyond, Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BBBY shares. Zacks Research raised shares of Bed Bath & Beyond to a "hold" rating in a research note on Wednesday, June 24th. Wedbush increased their target price on Bed Bath & Beyond from $8.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Wall Street Zen cut Bed Bath & Beyond from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Bed Bath & Beyond from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.67.

Bed Bath & Beyond Profile

Bed Bath & Beyond Inc NYSE: BBBY was a leading home goods retailer offering a broad assortment of domestics merchandise, including bed linens, bath accessories, kitchenware, home décor and small appliances. Through its flagship Bed Bath & Beyond stores and affiliated banners, the company provided both in-store and online shopping experiences, catering to a wide range of household needs from everyday essentials to specialized nursery and wellness products.

The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg and was headquartered in Union, New Jersey.

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