|Bid||13.89 x 1200|
|Ask||14.04 x 800|
|Day's Range||13.73 - 14.02|
|52 Week Range||10.46 - 21.45|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 25, 2019 - Jul 1, 2019|
|Forward Dividend & Yield||0.64 (4.07%)|
|1y Target Est||17.87|
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labelled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabelled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibres yield a finer, lighter, softer and more durable fabric.
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabeled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibers yield a finer, lighter, softer and more durable fabric.
Exclusive three-month beta program access now available to emerging hedge funds attending 2019 Battle of the Quants conference NEW YORK , May 20, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence ...
Tractor Supply (TSCO) benefits from its omni-channel efforts that include expansion of store base and technological advancements.
Payment network Flexa has an app called Spedn that lets you use cryptocurrency to shop at stores. Flexa co-founder and CEO Tyler Spalding talked to Yahoo Finance’s On the Move about the app.
Steven Temares has stepped down as CEO of Bed Bath & Beyond after 16 years -- the last three of which have been quite dreadful.
The ratings on four principal and interest (P&I) classes, Cl. D, Cl. E, Cl. H and Cl. J, were affirmed because the ratings are consistent with expected recovery of principal and interest from specially serviced loans as well as losses from previously liquidated loans. Nine loans representing 98% of the pool are currently in special servicing and interest shortfalls have reached Cl. E. The ratings on two P&I classes, Cl. F and Cl. G were downgraded due to higher anticipated losses from specially serviced loans.
Bed Bath & Beyond (BBBY) closed the most recent trading day at $15.27, moving +1.26% from the previous trading session.
Stocks that moved substantially or traded heavily on Monday: Teva Pharmaceuticals Ltd., down $2.13 to $12.23 The company allegedly conspired with other generic drugmakers to inflate and manipulate prices, ...
Steven Temares Steps Down as Bed Bath & Beyond’s CEO(Continued from Prior Part)Valuation multipleStrong 2019 guidance from Bed Bath & Beyond’s (BBBY) management—and investors’ optimism about the company’s announcement that it
Steven Temares Steps Down as Bed Bath & Beyond’s CEOThe announcementToday, Bed Bath & Beyond (BBBY) announced that Mary Winston, who recently became a member of the board, was appointed as interim CEO with immediate effect after Steven
Boeing shares dropped more than 4.5% after the editor of Chinese newspaper Global Times said China could single out the aerospace giant as the U.S.-China trade war continues. Earlier in the day, China decided it would hike tariffs on $60 billion worth of U.S. imports starting June 1. ADT ADT — ADT dropped more than 6% after Morgan Stanley downgraded the stock to equal weight from overweight.
Tyler Winklevoss announced Monday that retailers including Amazon.com Inc.'s Whole Foods Market, Nordstrom Inc. , and Barnes & Noble Inc. are among the retailers now accepting cryptocurrency. The new payment system comes via a partnership between Flexa, a global cryptocurrency network, and Gemini, which is co-founded by the Winklevoss twins. Gemini dollars will now be accepted using the same payment hardware currently in stores, according to a post on Medium from Tyler Winklevoss, co-chief executive of Gemini, with payment received in fiat currency. Other stores using the new crypto payments include Bed Bath & Beyond Inc. , Lowe's Cos. and Ulta Beauty Inc. .
is down nearly 5% after climbing in premarket trading Monday after the company announced it appointed Mary Winston, who recently joined the home-goods retailer's board, as its new interim CEO. Winston will replace Steven Temares, who resigned as CEO after seven years at the helm of the company. "As the company continues its efforts to improve its financial performance and enhance its competitive position, the board determined that now is the right time to identify the next generation of leadership.
Bed Bath & Beyond CEO Steven Temares is no longer leading the company after choosing to step down.Source: Mike Mozart via FlickrBed Bath & Beyond (NASDAQ:BBBY) notes that it will begin a search for a new CEO to replace Temares. It will seek the help of an executive search firm as it looks for its next CEO. The company also notes that it is searching for a CEO with "transformation and innovation experience in the retail sector.""It has been a privilege to serve with my fellow associates for these past twenty seven years. It has always been, and will always be, about our people," the former Bed Bath & Beyond CEO said in a statement. "There are truly no words to adequately express my gratitude to them and I will miss them immensely. I continue to trust in them and look forward to great accomplishments in the years to come."InvestorPlace - Stock Market News, Stock Advice & Trading TipsUntil the next permanent Bed Bath & Beyond is found, a member of the company's Board of Directors will be serving an interim CEO. This Board member is Mary Winston. Winston is a recent addition to the Board, but has a history serving in executive roles at other retail companies. * 7 Dividend Stocks to Buy as the Trade War Reignites The retail company doesn't outline why Bed Bath & Beyond CEO Steven Temares is stepping down. Despite this, the reason is clear. The company has been facing pressure from activists investors to make changes to its business an leadership.BBBY stock was down 4% as of Monday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post BBBY News: Bed Bath & Beyond CEO Resigns Effective 'Immediately' appeared first on InvestorPlace.
The company announced Monday that Steven Temares, who had held the top job since 2003, has departed that role. Mary Winston, a new board member who previously served as CFO of Family Dollar, has been appointed interim CEO. In addition to urging the ouster of Temares, the group that includes Legion Partners, Macellum Advisors and Ancora Advisors has put up candidates for its board and pushed for strategic shifts such as fresh merchandising strategies and selling some of its smaller brands.
After pressure from activist investors, Bed Bath & Beyond Inc. said Monday that Steven Temares is no longer CEO nor a member of the company's board. Bed Bath and Beyond has been under intense pressure from activist investors to get rid of Temares. Three hedge funds — Legion Partners Asset Management, Macellum Advisors GP, and Ancora Advisors, which together own about 5 percent of the company's shares — filed suit against Bed Bath & Beyond on Friday, claiming the company's "continued governance issues underscore that meaningful change is needed at the company now." The activist investors wanted to run a slate of 10 board member candidates for Bed Bath & Beyond's board, but said their efforts were subverted.
Bed Bath & Beyond Inc's long-time Chief Executive Officer Steven Temares stepped down on Monday, following pressure from a group of activist investors that had been pushing for his ouster and a shakeup of the home goods retailer's board. The group, comprising Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, piled pressure on the company since March, citing its inability to grow sales and margins. The retailer has struggled to keep pace with changing consumer tastes and shopping habits, reporting 1.1% growth in sales last year compared with over 22% in 2003, when Temares took over as CEO.
Bed Bath & Beyond Inc. said in a Monday announcement that Chief Executive Steven Temares is stepping down from his position and resigning from the board. He has been part of the company leadership since the company went public in 1992 and has been CEO since 2003. Mary Winston, a recent addition to the home retailer's board, has been appointed interim CEO. A committee will bring on an executive search firm to name a permanent replacement. "As the company continues its efforts to improve its financial performance and enhance its competitive position, the Board determined that now is the right time to identify the next generation of leadership, said Patrick Gaston, chairman of the board, in a statement. An activist investor group proposed ousting the CEO in late April in order to prevent further devaluing for the company. GlobalData Retail agrees, calling it a "necessary first step in revitalizing the fortunes of the beleaguered retailer." However, Managing Director Neil Saunders says this isn't the only step that will turn things around, making the company's permanent successor an important decision. "Preferably, this should be someone with experience of rebuilding failed retail businesses," Saunders wrote. Bed Bath & Beyond shares are down 3% in Monday trading, but have rallied nearly 35% for the year to date. The S&P 500 index has gained 13% for 2019 so far.