Bed Bath & Beyond Inc. (NASDAQ: BBBY) Executive Vice President Joseph G. Hartsig sold 9,834 shares of the company in a trade on Friday, July 2. The shares were sold for an average price of $ 31.65, for a total value of $ 311,246.10. The sale was disclosed in a legal file with the SEC, which can be accessed via this link.

NASDAQ BBBY traded at $ 1.43 in Wednesday’s session, reaching $ 28.85. The company’s shares had a trading volume of 3,384,070 shares, compared to its average volume of 10,366,598. The company has a current ratio of 1.56, a quick ratio of 0.80 and a ratio of debt of 1.07. The company has a market cap of $ 3.02 billion, a P / E ratio of 40.92 and a beta of 1.84. The company’s 50-day moving average is $ 28.35. Bed Bath & Beyond Inc. has a fifty-two week minimum of $ 7.39 and a week maximum of $ 52.90.

Bed Bath & Beyond (NASDAQ: BBBY) last released its quarterly results on Tuesday, June 29. The retailer reported earnings per share of $ 0.05 for the quarter, missing the consensus estimate of $ 0.08 of ($ 0.03). The company posted revenue of $ 1.95 billion in the quarter, compared to analyst estimates of $ 1.87 billion. Bed Bath & Beyond recorded a return on equity of 9.10% and a net margin of 1.02%. Bed Bath & Beyond’s revenue increased 49.5% compared to the same quarter last year. During the same period of the previous year, the company posted EPS ($ 1.96). On average, research analysts predict that Bed Bath & Beyond Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional investors have recently increased or reduced their holdings in the stock. Quinn Opportunity Partners LLC acquired a new equity stake in Bed Bath & Beyond during the first quarter valued at approximately $ 7,343,000. Edgestream Partners LP acquired a new equity stake in Bed Bath & Beyond during the fourth quarter valued at approximately $ 2,213,000. BNP Paribas Arbitrage SA increased its stake in Bed Bath & Beyond shares by 40.3% during the first quarter. BNP Paribas Arbitrage SA now holds 180,153 distributor shares for a value of $ 5,251,000 after purchasing an additional 51,780 shares during the period. Optiver Holding BV acquired a new stake in the shares of Bed Bath & Beyond during the first quarter for a value of approximately $ 1,364,000. Finally, the Tennessee State Department of the Treasury increased its stake in Bed Bath & Beyond shares by 59.9% during the first quarter. The Tennessee State Department of the Treasury now owns 72,355 shares of the retailer valued at $ 2,109,000 after purchasing an additional 27,099 shares during the period. 94.82% of the shares are held by hedge funds and other institutional investors.

BBBY has been the subject of several research reports. Zacks investment research upgraded Bed Bath & Beyond from a “keep” rating to a “buy” rating and set a price target of $ 29.00 on the stock in a research note on Tuesday, June 22. Robert W. Baird raised his price target on Bed Bath & Beyond from $ 30.00 to $ 33.00 and gave the company a “neutral” rating in a research note on Thursday, July 1. B. Riley resumed coverage of Bed Bath & Beyond in a research report on Thursday, July 1. They set a “buy” rating and a price target of $ 44.00 on the stock. JPMorgan Chase & Co. raised its price target on Bed Bath & Beyond from $ 23.00 to $ 29.00 and gave the company a “neutral” rating in a research report on Monday, April 19. Finally, Telsey Advisory Group raised its price target on Bed Bath & Beyond from $ 30.00 to $ 35.00 and gave the company a “market performance” rating in a research report on Thursday, July 1. Three research analysts rated the stock with a sell rating, nine assigned a conservation rating, and five gave the company a buy rating. Bed Bath & Beyond currently has an average “Hold” rating and an average price target of $ 27.86.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, along with its subsidiaries, operates a chain of retail stores. It operates through two segments, North American retail sales and institutional sales. The company sells a range of household products, including bed linen and related items, bath items and kitchen textiles; and home furnishings, such as kitchen and tableware, fine tableware, basic household items, general furnishings, consumables and various children’s products.

Featured Article: How is a Moving Average Calculated?

Insider buys and sells by quarter for Bed Bath & Beyond (NASDAQ: BBBY)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: Which member countries make up the G-20?

7 cheap dividend stocks under $ 10

Recent trading activity around low-cost stocks like GameStop (NYSE: GME) reminds investors of the high-risk nature of these stocks. Often times when a stock is trading below $ 10 (also known as a penny stock) it is also trading low for a reason. The business may not be profitable, or in GameStop’s case, it ends up with a business model that no longer matches consumer trends.

But it’s not always the case. It is possible to find stocks at low prices, even penny stocks, which offer great value. This is especially true if the stock offers a dividend to investors. Dividend paying stocks are a source of diversification for a consumer’s portfolio, especially if the dividend is reinvested. It is literally like paying yourself to own the stock.

And the stocks in this presentation also look set to generate further growth in the stock price that can increase your total return.

Check out the “7 Cheap Dividend Stocks Under $ 10”.