Nuveen LLC Invests $2.26 Million in Bed Bath & Beyond, Inc. $BBBY

Key Points

• Nuveen LLC invested approximately $2.26 million in Beyond, Inc. during the first quarter, acquiring 388,973 shares to own about 0.67% of the company.
• Beyond's stock saw a significant increase of 4.6% recently, with current trading at $9.54, while its market cap stands at $547.40 million.
• Despite reporting a revenue decline of 29.1% year-over-year, Beyond beat earnings expectations with an EPS of ($0.22) against a consensus of ($0.37).

Nuveen LLC bought a new position in shares of Bed Bath & Beyond, Inc. (NYSE:BBBY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 388,973 shares of the company's stock, valued at approximately $2,256,000. Nuveen LLC owned about 0.67% of Bed Bath & Beyond as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Platform Technology Partners acquired a new stake in Bed Bath & Beyond during the 1st quarter worth about $59,000. CWM LLC increased its holdings in Bed Bath & Beyond by 188.8% in the first quarter. CWM LLC now owns 10,745 shares of the company's stock worth $62,000 after purchasing an additional 7,025 shares in the last quarter. Haven Private LLC acquired a new position in Bed Bath & Beyond in the first quarter valued at approximately $71,000. Register Financial Advisors LLC acquired a new position in Bed Bath & Beyond in the first quarter valued at approximately $74,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Bed Bath & Beyond by 49,996.3% during the 1st quarter. GAMMA Investing LLC now owns 13,526 shares of the company's stock worth $78,000 after buying an additional 13,499 shares in the last quarter. Institutional investors own 76.30% of the company's stock.

Bed Bath & Beyond Stock Performance

BBBY stock traded up $0.49 during mid-day trading on Wednesday, hitting $8.63. The company had a trading volume of 1,231,645 shares, compared to its average volume of 3,120,850. The firm has a market cap of $495.41 million, a PE ratio of -2.12 and a beta of 2.76. Bed Bath & Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $12.24. The stock's fifty day moving average price is $8.64 and its two-hundred day moving average price is $6.59.

Bed Bath & Beyond (NYSE:BBBY - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.15. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $250.37 million. Bed Bath & Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%.The business's revenue was down 29.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.76) earnings per share. Equities analysts anticipate that Bed Bath & Beyond, Inc. will post -3.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Bed Bath & Beyond in a research note on Tuesday, July 29th. Wedbush upped their price target on Bed Bath & Beyond from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised Bed Bath & Beyond from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Bed Bath & Beyond currently has an average rating of "Hold" and an average price target of $8.86.

About Bed Bath & Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.