Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 3,400,391 shares traded hands during trading, an increase of 41% from the previous session’s volume of 2,404,122 shares.The stock last traded at $43.60 and had previously closed at $43.11.

The newly announced dividend which will be paid on Tuesday, January 17th. Investors of record on Friday, December 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 9.98%.

A number of research analysts recently weighed in on BBBY shares. Deutsche Bank AG restated a “hold” rating and set a $42.00 target price (down previously from $45.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Wedbush restated a “neutral” rating and set a $46.00 target price on shares of Bed Bath & Beyond in a research note on Wednesday, June 15th. Jefferies Group restated a “hold” rating and set a $45.00 target price (down previously from $52.00) on shares of Bed Bath & Beyond in a research note on Thursday, June 23rd. Robert W. Baird set a $45.00 target price on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Monday. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $39.00 target price (down previously from $41.00) on shares of Bed Bath & Beyond in a research note on Thursday. Eight research analysts have rated the stock with a sell rating, nineteen have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Bed Bath & Beyond has an average rating of “Hold” and an average price target of $50.00.

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The stock has a market capitalization of $6.59 billion, a P/E ratio of 8.706 and a beta of 0.72. The company’s 50 day moving average price is $44.91 and its 200-day moving average price is $45.68.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, September 21st. The retailer reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.05. Bed Bath & Beyond had a return on equity of 31.15% and a net margin of 6.66%. The firm had revenue of $2.99 billion for the quarter. During the same period in the prior year, the firm posted $1.21 EPS. The company’s revenue was down .2% compared to the same quarter last year. Equities analysts forecast that Bed Bath & Beyond Inc. will post $4.83 EPS for the current fiscal year.

In other Bed Bath & Beyond news, COO Eugene A. Castagna sold 17,866 shares of Bed Bath & Beyond stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $45.86, for a total transaction of $819,334.76. Following the completion of the sale, the chief operating officer now directly owns 140,630 shares in the company, valued at $6,449,291.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.70% of the company’s stock.

Several large investors have recently made changes to their positions in BBBY. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Bed Bath & Beyond by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,392,892 shares of the retailer’s stock worth $218,063,000 after buying an additional 31,400 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Bed Bath & Beyond by 2.2% in the first quarter. BlackRock Group LTD now owns 1,690,744 shares of the retailer’s stock worth $83,928,000 after buying an additional 35,621 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Bed Bath & Beyond by 3.6% in the first quarter. Teachers Advisors Inc. now owns 295,771 shares of the retailer’s stock worth $14,682,000 after buying an additional 10,318 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Bed Bath & Beyond by 1,225.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 59,586 shares of the retailer’s stock worth $2,958,000 after buying an additional 55,090 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in shares of Bed Bath & Beyond during the first quarter worth $2,277,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

5 Day Chart for NASDAQ:BBBY

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