BBBY - Bed Bath & Beyond Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 10.64 |
| Open | 10.86 |
| Bid | 10.90 x 1800 |
| Ask | 10.95 x 3000 |
| Day's Range | 10.68 - 11.45 |
| 52 Week Range | 3.43 - 17.79 |
| Volume | 8,660,606 |
| Avg. Volume | 13,757,833 |
| Market Cap | 1.377B |
| Beta (5Y Monthly) | 2.45 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.94 |
| Earnings Date | Jul 08, 2020 |
| Forward Dividend & Yield | 0.68 (17.94%) |
| Ex-Dividend Date | Mar 12, 2020 |
| 1y Target Est | 7.58 |
- Barrons.com
IdeaLab’s Bill Gross on the Trillion-Dollar Jackpot: Solving Climate Change
The time has come, the green tech entrepreneur declares, to tackle the greatest investment opportunity in history. He has a few ideas.
- InvestorPlace
3 Earnings Reports to Watch Next Week
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Earnings season is getting closer at an interesting time for the markets. The S&P 500 still is down 3% from highs reached early last month. But in the context of a global pandemic, that modest pullback and a 4% year-to-date decline hardly seem disappointing.Tech stocks, meanwhile, continue to roar. The Nasdaq Composite has gained over 13% year-to-date, and closed Wednesday at new highs. As a result, more than a few investors have argued that the U.S. somehow is in the middle of a recession and a stock bubble simultaneously.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCorporate earnings alone aren't going to settle the broader bull/bear debate. But with second-quarter reports set to include the recovery that ostensibly began in June, we should get a better idea of where, exactly, the U.S. and global economies stand at the moment.In the meantime, however, there's a quiet week, albeit one with a few earnings reports to watch. Distributor MSC Industrial Direct (NYSE:MSM) on Wednesday morning should have insight into demand into the important construction industry. Levi Strauss (NYSE:LEVI) and Simply Good Foods (NASDAQ:SMPL) will detail consumer trends. * 7 Utilities Stocks to Buy With Reassuring Dividends But the three biggest releases on the earnings calendar have a little more heft. And they could provide a preview of what's to come when earnings season begins the following week. Investors should keep a close eye on earnings next week from: * Paychex (NASDAQ:PAYX) * Bed Bath & Beyond (NASDAQ:BBBY) * Walgreens Boots Alliance (NASDAQ:WBA) Earnings Reports to Watch: Paychex (PAYX)Source: Eric Glenn / Shutterstock.com Earnings Report Date: Tuesday, July 7, before market openAhead of earnings season, an up-to-date view of U.S. employment certainly would be useful. Paychex should provide that view on Tuesday morning. Results from the payroll and human resources company are a direct reflection of broader trends -- particularly in small businesses hit hard by the pandemic.That alone makes Paychex earnings important for essentially any investor. But trading in PAYX stock is worth watching as well. PAYX still is down over 10% YTD. That's a modest surprise in a market that, for the most part, has taken the long view outside of significantly challenged sectors like travel and casinos.Investors shouldn't necessarily expect that to change next week. Post-earnings moves throughout the market have been relatively muted since the novel coronavirus exploded in the U.S., in large part because individual quarterly results don't have the meaning they do in a more normal environment. But if we do see a big move in Paychex stock next week, that could be a sign of changing investor sentiment ahead of a slew of reports from the world's largest companies over the following few weeks. Bed Bath & Beyond (BBBY)Source: Jonathan Weiss / Shutterstock.com Earnings Report Date: Wednesday, July 8, after market closeWith a market capitalization of about $1.4 billion, Bed Bath & Beyond doesn't seem like the kind of retailer that can move its sector. But its relatively low market value belies its import. Trailing 12-month revenue is over $11 billion. And secondary brands like Buy Buy BABY and World Market give the company a reasonably broad reach.That combination of size and reach adds heft to the company's commentary. We haven't had much in the way of earnings news from retailers in the last few weeks as states have slowly reopened. Investors throughout the sector thus will be listening closely to Bed Bath & Beyond management to get a feel for how demand has (or hasn't) rebounded.Meanwhile, for BBBY stock, this is an important report. The company's long-running and inconsistent turnaround had shown some signs of progress in the second half of 2019. A new chief executive officer, hired away from Target (NYSE:TGT), sparked optimism.That optimism, however, was undercut by disappointing third-quarter results in January, and another discouraging update the following month. The pandemic only further pressured BBBY stock.But shares have rallied as some investors see progress as only delayed, not stopped. On this site last week, InvestorPlace Markets Analyst Luke Lango argued that shares could double. With a whopping 59% of the float sold short, there's no shortage of bears taking the other side of that argument.A strong first-quarter release, and commentary that suggests further improvements in Q2, would keep the momentum going. Anything less, however, and it's going to take a long time for Bed Bath & Beyond to re-inspire investor confidence. Walgreens Boots Alliance (WBA)Source: saaton / Shutterstock.com Earnings Report Date: Thursday, July 9, before market openThis already was a huge report for Walgreens Boots Alliance. WBA stock touched a seven-year low in March. With a subsequent rally fading, shares now are only 11% above those lows.Earnings were heading in the wrong direction even before the pandemic hit. Adjusted operating profit, through the first half of fiscal 2020 (ending February), declined nearly 14% year-over-year. Secular headwinds, including pressure on reimbursement rates paid by insurers, are a significant factor. But Walgreens' execution has seemed lacking as well.The fiscal third-quarter release now seems absolutely crucial. Fellow pharmacy play Rite Aid (NYSE:RAD) just posted a blowout quarter last week. Its same-store sales rose by more than 14%.Walgreens is supposed to be a better operator than Rite Aid, which is why it looked to buy its rival a few years back. But the smaller Rite Aid just set a very high bar for Walgreens to clear.Simply put, Walgreens has to at worst match Rite Aid's performance. WBA stock admittedly is cheap. But with a leveraged balance sheet and earnings already heading in the right direction, market share losses will ensure that it's not yet cheap enough.After spending time at a retail brokerage, Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. As of this writing, he has no positions in any securities mentioned. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
- Zacks
What's in Store for Bed Bath & Beyond (BBBY) in Q1 Earnings?
Bed Bath & Beyond's (BBBY) Q1 results to reflect softness due to the closure of the majority of stores until May 31. Online and omni-channel efforts are likely to have provided some cushion.
- PR Newswire
Bed Bath & Beyond Inc. To Host Virtual-only Annual Meeting Of Shareholders
Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced a change in the format and location of its 2020 Annual Meeting of Shareholders. In light of the continued public health concerns regarding the COVID-19 pandemic, and to protect the well-being of our shareholders, the Annual Meeting will be held solely by remote communication, in a "virtual-only" format. Shareholders will no longer have the option to attend the Annual Meeting in person. The meeting will still be held on Tuesday, July 14, 2020 at 10:00 A.M., Eastern Daylight Time.
- Kiplinger
Kiplinger's Weekly Earnings Calendar (7/6-7/10): BBBY, WBA
Check out our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports.
- Moody's
UBS-Barclays Commercial Mortgage Trust 2013-C6 -- Moody's downgrades four, confirms one, and affirms eight classes of UBS-BB 2013-C6
Rating Action: Moody's downgrades four, confirms one, and affirms eight classes of UBS-BB 2013- C6. Global Credit Research- 01 Jul 2020. Approximately $1.14 billion of structured securities affected.
- Zacks
Earnings Preview: Bed Bath & Beyond (BBBY) Q1 Earnings Expected to Decline
Bed Bath & Beyond (BBBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Bed Bath & Beyond's Shares March Higher, Can It Continue?
As of late, it has definitely been a great time to be an investor in Bed Bath & Beyond.
- Moody's
UBS-Barclays Commercial Mortgage Trust 2012-C2 -- Moody's affirms seven and downgrades five classes of UBS-Barclays 2012-C2
Moody's Investors Service, ("Moody's") has affirmed the ratings on seven classes and downgraded the ratings on five classes in UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2. The ratings on four P&I classes, Cl. D, Cl. E, Cl. F and Cl. G, were downgraded due to higher anticipated losses as a result of the decline in pool performance, particularly in relation to three regional malls, Louis Joliet Mall (9.6% of the pool), Crystal Mall (9.6% of the pool) and Pierre Bossier Mall (4.7% of the pool).
- Moody's
GS Mortgage Securities Trust 2012-GC6 -- Moody's affirms seven and downgrades two classes of GSMS 2012-GC6
Moody's rating action reflects a base expected loss of 3.6% of the current pooled balance, compared to 1.4% at Moody's last review. The methodologies used in rating all classes except interest-only classes were "Approach to Rating US and Canadian Conduit/Fusion CMBS" published in May 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1226187 and "Moody's Approach to Rating Large Loan and Single Asset/Single Borrower CMBS" published in May 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1227875.
- Yahoo Finance Video
The state of the U.S. shopping mall
Nick Shields, Senior Analyst at Third Bridge, joins The First trade to discuss the states of malls as some reopen amid continually rising cases of coronavirus.
- TheStreet.com
Bed Bath & Beyond Stock Target Up on BuyBuy Baby Strength
BuyBuy Baby may be Bed Bath & Beyond's most valuable unit, says Bank of America analyst Curtis Nagle, who lifted his target price on BBBY.
- MarketWatch
Buybuy Baby could be generating $1.2 billion in sales, making it Bath & Beyond's most valuable asset: Bank of America
Buybuy Baby, the infant-and-toddler-focused retailer that's part of the Bed Bath & Beyond Inc. portfolio, could be the company's most valuable name, according to Bank of America analysts. They say the chain is the best performing of Bed Bath & Beyond's assets, but "a nearly complete lack of disclosure has made it difficult for investors to value." Bank of America estimates that Buybuy Baby generates $1.2 billion in sales, has mid-single-digit growth potential for the next five years and a strong online business. "Through better sourcing, more private label and a more efficient supply chain, we believe Buybuy could experience hundreds of basis points of margin expansion," analysts led by Curtis Nagle said. Bank of America says Buybuy Baby has an implied enterprise value that's nearly equivalent to all of the company. Analysts rate Bed Bath & Beyond stock buy with a $14.50 price objective, up from $12.50. Bed Bath & Beyond shares are up 6.5% in Friday trading, and have rallied more than 106% over the past three months. The S&P 500 index is up 15.2% for the last three months.
- Zacks
Is Bed Bath & Beyond (BBBY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
Implied Volatility Surging for Bed Bath & Beyond (BBBY) Stock Options
Investors need to pay close attention to Bed Bath & Beyond (BBBY) stock based on the movements in the options market lately.
- TheStreet.com
Bed Bath & Beyond Shares Gain After Retailer Secures New $850 Million Credit Facility, Plans Store Re-Openings
Bed Bath & Beyond said the "unparalleled challenge of the COVID-19 pandemic has significantly impacted the Company's operations during its fiscal 2020 first quarter."
- MarketWatch
Bed Bath & Beyond adds $850 million credit facility, expects nearly all stores to reopen by July
Bed Bath & Beyond Inc. said Monday it has executed an $850 million asset-based credit facility, expiring in 2023, to further strengthen its liquidity position amid the "unparalleled challenge" resulting from the COVID-19 pandemic. "While the impact of the COVID-19 situation has been felt across our business, we have taken measured, purposeful steps to maintain our financial flexibility," said Chief Executive Mark Tritton. "We ended our fiscal 2020 first quarter with approximately $1.2 billion in cash and investments, and we now have access to additional liquidity through our new ABL facility." Separately, the company said it expects 95% of its stores to be reopened by the end of this week and nearly all of its stores to reopen by July. The company said it plans to expand buy-online-pickup-in-store and contactless curbside pickup services to the "vast majority" of its stores. The stock, which rose 1.6% in premarket trading, has nearly doubled (up 96.8%) over the past three months through Friday, while the S&P 500 has gained 34.4%.
- Bloomberg
Bed Bath & Beyond Selling Christmas Tree, Cost Plus Chains
(Bloomberg) -- Bed Bath & Beyond Inc. is looking to sell its Christmas Tree Shops and Cost Plus World Market chains, according to people familiar with the matter, part of an ongoing makeover of the home-goods company.The people declined to be identified because the process isn’t public.Activist investors pressured the company to oust Chief Executive Officer Steven Temares last year, part of an overhaul to reverse flagging sales amid competition from discount chains and online merchants. Since then, the company has replaced its management team, including the appointment of former top Target Corp. executive Mark Tritton, cut its workforce and said it would consider asset sales.A Bed Bath & Beyond spokesman declined to comment. The company said last year it would review its portfolio of brands. It announced the sale of its One Kings Lane home decor brand and PersonalizationMall.com, along with a $250 million sale-leaseback deal, this year.Bed Bath & Beyond bought Christmas Tree, the Cape Cod, Massachusetts-based knickknack and housewares chain, in 2003. It now operates more than 70 stores in 21 states, according to its website.Cost Plus began as a store at San Francisco’s Fisherman’s Wharf in 1958 that promoted goods from around the world. It now operates about 260 stores selling furniture and other home items. Bed Bath purchased the chain in 2012.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
Bed Bath & Beyond Is Gaining on Amazon. Its Stock Is Too Cheap, Analyst Says.
It’s been a difficult year for the home-furnishings retailer, but the stock has been beaten down too far, argues Wedbush, especially given that it’s managed to make meaningful inroads against its rival Amazon.
- Motley Fool
How New Leadership at Bed Bath & Beyond Is Turning the Tide
A slow start reacting to the e-commerce craze, cluttered stores, and inefficient operations all contributed to disappointing returns for investors. Conversely, other traditional brick-and-mortar stores like Target evolved and took market share, even in the face of so much new competition. Mark Tritton:Â a key Target veteran who was instrumental in its recent comeback.
- ACCESSWIRE
CLASS ACTION UPDATE for BBBY, WORX and GRPN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
- Newsfile
BBBY FINAL DEADLINE - Bronstein, Gewirtz & Grossman, LLC Reminds Bed Bath & Beyond Inc. Shareholders With Losses Exceeding $100K of Class Action and Encourages Investors to Contact the Firm
New York, New York--(Newsfile Corp. - June 15, 2020) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Bed Bath & Beyond Inc. (NASDAQ:Â BBBY) ("Bed Bath & Beyond" or "the Company") and certain of its officers, on behalf of shareholders who purchased Bed Bath & Beyond securities between October 2, 2019 and February 11, 2020, inclusive (the "Class Period"). Such investors are encouraged to join ...
- ACCESSWIRE
SHAREHOLDER ALERT: BBBY WORX CONN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss, ...
ACCESSWIREFINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Bed Bath & Beyond Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 15, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Bed Bath & Beyond Inc. ("Bed ...
