Bed Bath & Beyond Incorporated (NASDAQ:BBBY) Sellers Covered 4.74% of Their Shorts

Jeannie Matthews
January 14, 2018

FMR LLC now owns 14,748,756 shares of the retailer's stock valued at $448,363,000 after purchasing an additional 1,330,077 shares during the last quarter. 4,932,239 shares of the company's stock were exchanged, compared to its average volume of 5,682,477. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since January 13, 2017 and is uptrending. It has outperformed by 19.71% the S&P500.

Greylin Investment Mangement Inc increased Bed Bath & Beyond Inc (BBBY) stake by 103.08% reported in 2017Q3 SEC filing. Loop Capital set a $23.00 price objective on shares of Bed Bath & Beyond and gave the stock a "hold" rating in a report on Thursday, December 21st. The hedge fund held 1.67 million shares of the major chemicals company at the end of 2017Q3, valued at $96.10 million, down from 2.16M at the end of the previous reported quarter. Hotchkis & Wiley Capital Management Llc who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $3.25B market cap company. Dimensional Fund Advisors LP now owns 3,424,108 shares of the retailer's stock valued at $80,364,000 after purchasing an additional 1,336,053 shares during the last quarter. About 2.37M shares traded. Mason Street Advisors Lc holds 0.04% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since January 12, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. 91 funds opened positions while 196 raised stakes. Nationwide Fund holds 0.04% or 448,031 shares. Morgan Stanley holds 0.07% or 1.10 million shares. Oppenheimer Communication Inc has invested 0.15% in General Dynamics Corporation (NYSE:GD). Herald Invest Mngmt Ltd invested in 50,000 shares. Lowe Brockenbrough And accumulated 8,396 shares or 0.26% of the stock. Hall Laurie J Trustee holds 0.01% of its portfolio in Hexcel Corporation (NYSE:HXL) for 320 shares. (NYSE:KR). Goodwin Daniel L holds 0.27% of its portfolio in The Kroger Co. Redwood Invests Limited Liability Corp invested in 20,216 shares or 0.47% of the stock. Tower Rech Cap Limited Liability Com (Trc) holds 0% or 1,262 shares. Smith A O (NYSE:AOS) was reduced too. (NYSE:GPS) shares were sold by FISHER WILLIAM SYDNEY. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 28,168 shares in the quarter, leaving it with 2,979 shares, and cut its stake in Ishares Tr (HEFA). Bed Bath & Beyond now has an average rating of "Hold" and an average target price of $26.24. Therefore 47% are positive. (NASDAQ:BBBY) on Wednesday, September 20 with "Sell" rating. Oppenheimer has "Sector Perform" rating and $85 target. As per Friday, May 26, the company rating was maintained by Jefferies. "Stock Soared 59.6% in 2017" on January 10, 2018. Mackenzie Fincl reported 633,426 shares or 0.07% of all its holdings. SunTrust maintained the stock with "Buy" rating in Monday, September 21 report. Jefferies maintained Bed Bath & Beyond Inc. The rating was maintained by Piper Jaffray on Thursday, October 12 with "Buy".

Several equities analysts have recently commented on the company. It also reduced Delta Air Lines Inc Del (NYSE:DAL) stake by 9,687 shares and now owns 92,468 shares. ValuEngine raised shares of Bed Bath & Beyond from a "hold" rating to a "buy" rating in a report on Monday, October 2nd. Therefore 84% are positive. BBBY was included in 68 notes of analysts from September 21, 2015. The company was upgraded on Friday, September 25 by Telsey Advisory Group. Caisse De Depot Et Placement Du Quebec stated it has 0.01% of its portfolio in Bed Bath & Beyond Inc. The stock has "Neutral" rating by JP Morgan on Thursday, June 23. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock.

Among 19 analysts covering Zendesk (NYSE:ZEN), 16 have Buy rating, 1 Sell and 2 Hold. TheStreet downgraded shares of Bed Bath & Beyond from a "c" rating to a "d+" rating in a report on Wednesday, December 20th. The company was downgraded on Wednesday, January 27 by KeyBanc Capital Markets. The firm earned "Market Perform" rating on Thursday, June 23 by Telsey Advisory Group.

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The shares were acquired at an average cost of GBX 1,833 ($24.86) per share, with a total value of £392,408.64 ($532,151.67). It dropped, as 48 investors sold MCD shares while 638 reduced holdings. 89 funds opened positions while 397 raised stakes.

Bed Bath & Beyond Inc. has a 12-month low of $38.60 and a 12-month high of $52.71. (NASDAQ:BBBY) rating on Wednesday, December 23.

Investors sentiment decreased to 1.07 in 2017 Q3. Its up 0.06, from 0.75 in 2017Q2. It dived, as 44 investors sold Global Positioning System shares while 144 reduced holdings. 31 funds opened positions while 97 raised stakes. The active investment managers in our partner's database now possess: 129.74 million shares, down from 133.60 million shares in 2017Q2. (NASDAQ:BBBY). Advisory Services Networks Limited Liability Co has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY) or 2.09 million shares. Cibc World has invested 0% of its portfolio in Bed Bath & Beyond Inc. More interesting news about Bed Bath & Beyond Inc. Proshare Limited Company has 10,197 shares. Cantab Cap Prtnrs Ltd Liability Partnership holds 37,617 shares or 0.13% of its portfolio. Ellington Mgmt Llc owns 44,700 shares. Janney Montgomery Scott invested in 16,537 shares or 0% of the stock.

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! (NASDAQ:SPSC). Moreover, Cubist Systematic Strategies Limited Liability has 0.02% invested in SPS Commerce, Inc. Quinn Opportunity Prtn Ltd Liability Com reported 0.69% stake. Df Dent & Co reported 6,296 shares.

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