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Bed Bath & Beyond Inc. (BBBY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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25.59-1.75 (-6.38%)
At close: 4:00PM EST
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  • A
    Aurum
    Well....BBBY has 76% of the float short....and a buyback initiated....and today up roughly 10%....then, add 2 to 5 days from now for margin calls, what do you think is about to happen ....
    Bullish
  • D
    D
    My short term PT $30. Strong management, e-commerce is on the rise, selling non core assets. $825 million share buyback going on, and not to mention huge short squeeze from 66% short interest. We are just seeing the beginning.
    Bullish
  • B
    Brad
    This is amazing, the momentum traders off that Reddit Group who drove up, GME, are now piling into BBBY and creating their own short squeeze, they are going down the list of high short interest stocks and piling in. I think AMCX is the next one to pop with 50% short.
  • T
    TWISTEDMEX310
    sold my $25 calls for a quick 400% gain, I hope I didn't sell too early.
  • M
    Michael
    Full disclosure: I have a short-term neutral/bearish position established via options.

    My holiday experience in shopping at BBBY would be comical, if it hadn't been so sad. I ordered a toaster and sheets online with a gift card I had previously received. They shipped me a hand massager and sheets. I tried contacting them online to arrange for a return of the hand massager. After a SOLID 20 minutes of trying to get through via phone and online (frustrating, no luck), I called a local store. The local manager was super helpful, but what he did/told me spoke volumes about the prospects for BBBY in the near-term.

    He ordered a set of sheets to be delivered to me (not on my credit card, because I had already paid for them) and told me to not even bother with the return of the hand massager, because his store didn't carry hand massagers. He apologized for me having to call his store and said that almost nobody (including him) was able to get through to central customer service because so incredibly many people were having issues with wrong orders.

    On a $110 toaster/sheets order, they ate/wrote off a $100 hand massager and likely did the same for my original set of sheets that was presumably delivered to someone who was looking for a hand massager. Lost revenue from reduced inventory, extra shipping costs, poor customer experience/no prospects for future sales.

    If you are looking for a medium- to long-term run up here because of a management turn around and a focus on e-commerce, you may be disappointed. Based on my experience and what a local store manager told me, they are nowhere near figuring out how to do e-commerce.

    Take this with a grain of salt because - as I disclosed - I have a short-term neutral/bearish position, but WOW - don't be surprised if next quarter's results underwhelm.
    Bearish
  • w
    wax
    so we took a breather today ... very happy with a $25.00 price (for now) ... If we go sideways from here, bouncing between 25 & 30 until next earnings report its not a bad thing. just take advantage of the little dips along the way and add to your current position.
  • Y
    YoYo
    Fiscal 2020 Third Quarter Highlights (September-October-November)
    • Comparable sales increased for the second consecutive quarter, led by 5% growth in the core Bed Bath & Beyond banner.  Total enterprise comparable sales increased 2%.  Comparable sales benefited from significantly strong growth in digital channels, including approximately 94% growth in the Bed Bath & Beyond banner and total enterprise growth of approximately 77%.  Bed Bath & Beyond banner sales were driven by key destination categories including Home Organization, Kitchen Food Prep, Bedding, Bath, and Indoor Décor.  These top 5 categories had strong comp sales growth of 11% (combined) and represented two-thirds of total Bed Bath & Beyond banner sales in the third quarter.  The Company has been prioritizing merchandising and marketing investments in these key categories to strengthen its authority in the Home space.  The Bed Bath & Beyond banner has achieved market share gains in the destination Bed category, with improving trends in Bath and Kitchen categories. (Source: NPD Data October/November 2020)

    • Net sales were $2.6 billion, a decrease of 5% compared to the prior year period, primarily due to the significant portfolio transformation, including the planned divestitures of non-core banners and store closing activity as part of the Company's network optimization initiative.  Total enterprise reported store net sales declined 17% and reported digital net sales increased 75%. Total enterprise comparable store sales declined 15% and comparable digital sales increased 77%.

    • Gross margin increased 340 basis points to 36.5% compared to the prior year period.  Excluding special items from both periods, adjusted gross margin increased 310 basis points to 35.4% and was driven primarily by optimization of promotion and markdowns; favorable product mix; and leverage of distribution and fulfillment costs; partially offset by higher digital channel mix, including higher net-direct-to-customer shipping expense.

    • SG&A expenses decreased $41 million compared to the prior year period, driven primarily by lower payroll and related expenses and lower advertising expenses.

    • Net loss per diluted share of $(0.61) includes approximately $86 million from unfavorable impacts from special items including the net loss on the sale of businesses, charges recorded in connection with the restructuring and transformation initiatives, and non-cash impairment charges related to assets held for sale, tradename and certain long-lived assets, partially offset by a benefit from the reduction of non-recurring inventory reserves.
  • M
    Matija
    are they buying shares today? 7% is a lot in 1 day
  • N
    Novice
    $INO conversation
    Supply and demand. $Gme, $Bbby are all experiencing short squeeze. Don’t think INO won’t. China announced they will only accept vaccines with over 6 months durability.
  • T
    Tom
    67% of float shares shorted!!! Buy you will not regret it
  • m
    michael
    CFRA has SELL rating with Target Price of $13. Which they posted Jan. 7th 2021 after the -137% miss. *I would NOT Buy even #$%$ Fact is: Head winds of COVID mutanting MORE DEADLY, Abandon brick & Mortar building asset COLLAPSE, Urban crime & homeless, $15. pay & benefit costs, Mega Property tax costs, Shipping cost skyrocketing with Fuel costs, etc... Just a mess! Then Cares Act hiding 40% Mortage DELINQUENCIES will cause brutal Market CRASH & Biden is smart to be worried!!
  • J
    Jackson
    $2.2b in total liquidity, currently valuation ~$2.3b. BBBY also recorded net income growth for the quarter with net income equating to $244m, or on a yearly basis, a P/E ratio of 2. Don't forget, BBBY offers a 17% dividend, is heavily shorted, and just brought in new management.

    Today was good news if anything, the online sector is growing, younger customers, and better margins, stay positive!
    Bullish
  • F
    Fred
    BBBY CEO...Have you checked where he came from? Target! Are you aware of his contribution to the turnaround at Target? Did you notice that the day he was hired by BBBY, price went up 21%! Follow the smart money. The best is yet to come for BBBY. Current management will take the comany to new heights.
    Bullish
  • M
    Miles
    This has started! We gonna finish our work with BBBY, GME and BB
  • y
    y
    Well rewarded for being patience. Thanks BBBY
    Bullish
  • S
    STOCK TRADER
    Lol 😂... where are the people that said that I was crazy buying bed Bath and beyond ?? $35 in two weeks. Big stimulus checks coming in to all the ladies of a house !! So who is laughing now ?? Folks the same will happen to Smile Direct Club (SDC) The company is making big improvements and it has a huge short interest this one is going to pop also !!
    Bullish
  • B
    Brad
    This short squeeze is just getting started. It didn't even trade 1/3 of the amount of the shares short yesterday. There's going to be lot of forced covering today, unless people want to put up more capital. You'll see the squeeze continue with BBBY, GME and AMCX
    Bullish
  • A
    A
    Today's highest ? 27,99 ?
    Bullish
  • S
    STOCK TRADER
    Might consider selling my winning Walgreens position to roll it over to BBBY. I see BBBY going to $35 by end of next quarter. Buybacks $825,000,000 / $2,400,000,000 = 34% that’s a big insurance !! The quarter wasn’t that bad considering the pandemic 😷 impacted foot traffic. I like the new CEO, he is turning BBBY around.
  • F
    Fred
    Have you noticed that earnings the last 2 quarters were below expectations, yet after a sharp drop, the share price immediately rebounded and went higher? What does that suggest? Follow the smart money.
    Bullish