Bed Bath & Beyond (BBBY) : Webster Bank N. A. reduced its stake in Bed Bath & Beyond by 0.44% during the most recent quarter end. The investment management company now holds a total of 9,020 shares of Bed Bath & Beyond which is valued at $371,534 after selling 40 shares in Bed Bath & Beyond , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Bed Bath & Beyond makes up approximately 0.05% of Webster Bank N. A.’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware sold out all of its stake in BBBY during the most recent quarter. The investment firm sold 5,728 shares of BBBY which is valued $235,936.Legal General Group Plc reduced its stake in BBBY by selling 5,595 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 799,032 shares of BBBY which is valued at $33,982,831. Bed Bath & Beyond makes up approx 0.03% of Legal General Group Plc’s portfolio.Wilsey Asset Management Inc boosted its stake in BBBY in the latest quarter, The investment management firm added 1,543 additional shares and now holds a total of 100,975 shares of Bed Bath & Beyond which is valued at $4,435,832. Bed Bath & Beyond makes up approx 3.38% of Wilsey Asset Management Inc’s portfolio.
Bed Bath & Beyond closed down -0.47 points or -1.13% at $41.19 with 18,90,950 shares getting traded on Friday. Post opening the session at $42.03, the shares hit an intraday low of $41.15 and an intraday high of $42.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.