Nokomis Capital L.L.C. acquired a new position in shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,314 shares of the retailer’s stock, valued at approximately $4,119,000. Nokomis Capital L.L.C. owned about 0.13% of Bed Bath & Beyond at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of BBBY. Ffcm LLC grew its stake in Bed Bath & Beyond by 2,958.6% during the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after buying an additional 4,290 shares during the last quarter. Cerebellum GP LLC bought a new stake in Bed Bath & Beyond during the fourth quarter worth about $121,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Bed Bath & Beyond during the fourth quarter worth about $149,000. Captrust Financial Advisors bought a new stake in Bed Bath & Beyond during the fourth quarter worth about $151,000. Finally, State of Alaska Department of Revenue bought a new stake in Bed Bath & Beyond during the fourth quarter worth about $180,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at $22.50 on Wednesday. Bed Bath & Beyond Inc. has a 52 week low of $19.07 and a 52 week high of $40.76. The stock has a market cap of $3,228.50, a P/E ratio of 6.47, a price-to-earnings-growth ratio of -4.06 and a beta of 1.10. The company has a quick ratio of 0.31, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 16th will be paid a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.67%. Bed Bath & Beyond’s payout ratio is presently 17.24%.
Several research firms have recently commented on BBBY. ValuEngine raised shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Loop Capital set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, December 21st. Wedbush set a $23.00 price target on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research note on Wednesday, December 27th. Finally, BidaskClub raised shares of Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.39.
In other Bed Bath & Beyond news, VP Matthew Fiorilli sold 16,957 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $22.62, for a total value of $383,567.34. Following the transaction, the vice president now directly owns 97,419 shares of the company’s stock, valued at $2,203,617.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.
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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).
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