Bed Bath & Beyond (BBBY) : Acropolis Investment Management scooped up 2,160 additional shares in Bed Bath & Beyond during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 25,020 shares of Bed Bath & Beyond which is valued at $1,120,896.Bed Bath & Beyond makes up approximately 0.21% of Acropolis Investment Management’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants added BBBY to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $129,920. Bed Bath & Beyond makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Washington Trust Bank boosted its stake in BBBY in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 745 shares of Bed Bath & Beyond which is valued at $33,376. Bed Bath & Beyond makes up approx 0.01% of Washington Trust Bank’s portfolio.
Bed Bath & Beyond opened for trading at $43.07 and hit $44.36 on the upside on Tuesday, eventually ending the session at $44, with a gain of 2.35% or 1.01 points. The heightened volatility saw the trading volume jump to 37,38,728 shares. Company has a market cap of $6,796 M.
On the company’s financial health, Bed Bath & Beyond reported $1.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Sep 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $2988.20 million for the quarter, compared to analysts expectations of $3049.66 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.
Investors should note that on Sep 21, 2016, Bed Bath & Beyond announced a cash dividend of $0.1250. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Jan 17, 2017.
Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.