Bed Bath & Beyond Inc. (NASDAQ:BBBY) is in the spotlight after the retailer reported fiscal second quarter earnings of $1.11 per share on revenue of $2.99 billion, missing the consensus estimates by $0.06 per share and $60 million respectively. One reason for the miss was that comparable-store sales inched lower by 1.2% year-over-year. For its full fiscal year, Bed Bath & Beyond’s management sees EPS coming in at between $4.50 and $5.00. On the bright side, comparable-sales from customer-facing digital channels did grow in excess of 20%. The hedge funds in our system were slightly more optimistic on Bed Bath & Beyond in the second quarter. According to our records, the number of those funds with holdings in Bed Bath & Beyond Inc. (NASDAQ:BBBY) rose by two during the second quarter to 27 at the end of June.
A few days after TerraForm Power Inc (NASDAQ:TERP) disclosed that it is considering selling itself, Bloomberg is reporting that deep-pocketed institution BlackRock has entered into the collection of potential buyers for the yieldco. According to SEC filings, BlackRock owned around 5.3% of TerraForm Power’s Class A shares on June 30. Other potential bidders include David Tepper‘s Appaloosa Management, Brookfield Asset Management and Golden Concord Holdings. 26 funds that we track had a long position in TerraForm Power Inc (NASDAQ:TERP) as of the most recent 13F reporting period, down by three funds from the previous reporting period.