BBBY - Bed Bath & Beyond Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
16.07
+0.19 (+1.16%)
As of 3:34PM EST. Market open.
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Previous Close15.88
Open15.77
Bid16.03 x 1200
Ask16.04 x 3100
Day's Range15.42 - 16.11
52 Week Range7.31 - 19.57
Volume2,999,589
Avg. Volume7,053,530
Market Cap2.04B
Beta (5Y Monthly)1.36
PE Ratio (TTM)N/A
EPS (TTM)-6.34
Earnings DateApr 07, 2020 - Apr 12, 2020
Forward Dividend & Yield0.68 (4.26%)
Ex-Dividend DateMar 10, 2020
1y Target Est15.23
  • Bed Bath & Beyond expects to close multiple stores in 2020, including in Houston
    American City Business Journals

    Bed Bath & Beyond expects to close multiple stores in 2020, including in Houston

    Both Bed Bath & Beyond and Pier 1 imports are among the latest retailers to announce store closures.

  • Florida retail forecast a mixed bag: Here's what to expect in 2020
    American City Business Journals

    Florida retail forecast a mixed bag: Here's what to expect in 2020

    Retail, which continues to see declines in both jobs and storefronts due to the rise of online shopping and other factors, is poised to have more losses in 2020. Major national retailers closing stores in the area include: Macy’s Inc. (NYSE: M) will close its Seminole Towne Center location in Sanford. American Eagle Outfitters (NYSE: AEO) will close its Seminole Towne Center store.

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    Tesla and 25 Other Stock Picks & Pans from the Barron’s Roundtable

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    Barron's Picks And Pans: Apple, Boeing, Disney, Tesla And More

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  • Barrons.com

    Bed Bath & Beyond is Ready to Rally Under a New CEO, Meryl Witmer Says

    Bed Bath & Beyond won’t be an overnight success. But new CEO Mark Tritton can build a strong omni-channel retailer, Meryl Witmer of Eagle Capital Partners argues.

  • GuruFocus.com

    Target Records Sluggish 2019 Holiday Sales

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  • Meet Group, Bed Bath & Beyond, Sanderson Farms, Pilgrim???s Pride and Lamb Weston highlighted as Zacks Bull and Bear of the Day
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    Meet Group, Bed Bath & Beyond, Sanderson Farms, Pilgrim???s Pride and Lamb Weston highlighted as Zacks Bull and Bear of the Day

    Meet Group, Bed Bath & Beyond, Sanderson Farms, Pilgrim???s Pride and Lamb Weston highlighted as Zacks Bull and Bear of the Day

  • Is the Options Market Predicting a Spike in Bed Bath & Beyond (BBBY) Stock?
    Zacks

    Is the Options Market Predicting a Spike in Bed Bath & Beyond (BBBY) Stock?

    Investors need to pay close attention to Bed Bath & Beyond (BBBY) stock based on the movements in the options market lately.

  • Bear Of The Day: Bed Bath & Beyond (BBBY)
    Zacks

    Bear Of The Day: Bed Bath & Beyond (BBBY)

    Bear Of The Day: Bed Bath & Beyond (BBBY)

  • 2019 Review: Top Hedge Fund Stocks vs. Bed Bath & Beyond Inc. (BBBY)
    Insider Monkey

    2019 Review: Top Hedge Fund Stocks vs. Bed Bath & Beyond Inc. (BBBY)

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]

  • New Strong Sell Stocks for January 13th
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    New Strong Sell Stocks for January 13th

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  • Bed Bath (BBBY) Surges: Stock Moves 8.2% Higher
    Zacks

    Bed Bath (BBBY) Surges: Stock Moves 8.2% Higher

    Bed Bath (BBBY) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

  • Should Value Investors Pick Bed Bath & Beyond (BBBY) Now?
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    Should Value Investors Pick Bed Bath & Beyond (BBBY) Now?

    Let's see if Bed Bath & Beyond (BBBY) stock is a good choice for value-oriented investors right now from multiple angles.

  • Benzinga

    Weaker Than Expected December Jobs Report Might Weigh, But Overall Growth Positive

    While stock futures saw their pre-market gains roll back a little after the government reported a lower-than-expected December payrolls gain of 145,000, that’s a figure well within the range economists say is needed to keep unemployment near current 50-year lows. Unemployment remains low, and job gains over the last three months averaged a healthy 184,000. Jobs in construction rose 20,000, which was good to see, but the Labor Department pointed out that construction job gains in 2019 were just half of the 2018 level.

  • Company News for Jan 10, 2020
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  • Bed Bath & Beyond has so many ways it can improve, analysts can’t help but be bullish
    MarketWatch

    Bed Bath & Beyond has so many ways it can improve, analysts can’t help but be bullish

    Bed Bath & Beyond stock fell 19% after earnings that missed expectations and the company pulled its guidance.

  • Barrons.com

    18% More iPhones Shipped to China, and More Numbers to Know

    The decline came after the retailer reported third-quarter results late Wednesday—and surprised Wall Street with a quarterly net loss of 38 cents per share. It also hired a new CEO, Mark Tritton, who used to be chief merchandising officer for competitor Target (TGT). Now, Wall Street analysts are hoping Tritton can help Bed Bath and Beyond stage a turnaround.

  • Thomson Reuters StreetEvents

    Edited Transcript of BBBY earnings conference call or presentation 8-Jan-20 10:00pm GMT

    Q3 2019 Bed Bath & Beyond Inc Earnings Call

  • 2 Reasons to Be Optimistic on Bed Bath and Beyond Stock
    InvestorPlace

    2 Reasons to Be Optimistic on Bed Bath and Beyond Stock

    Shares of struggling home merchandise retailer Bed Bath & Beyond (NASDAQ:BBBY) tanked in early January after the company reported miserable third-quarter numbers that missed everywhere. And BBBY stock immediately felt the effects.Source: Jonathan Weiss / Shutterstock.com Comparable sales dropped more than expected. Revenues came in below estimates. Gross margins compressed. Expense rates rose. Profits missed by a mile, as the company turned in a wide net loss for the quarter when analysts were looking for a narrow profit. Management also pulled its forward guidance amid huge operational changes.In response to the flurry of bad news, BBBY stock crashed more than 20%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the plunge, though, there's reason to be optimistic on a Bed Bath & Beyond turnaround as we go deeper into 2020. Also, there's reason to be bullish on BBBY stock bouncing back from this crash.Why? Because new management. The company is now led by new CEO and retail turnaround expert Mark Tritton, who is taking all the right steps to stabilize this sinking ship. Early data suggests that these steps are working. And assuming that these steps keep working in 2020 against a budding economic backdrop, Bed Bath & Beyond's sales and profit trends could finally start to stabilize. * 8 of the Strangest Stocks Worth Your Time Such stabilization could provide enough firepower to shoot Bed Bath & Beyond stock up towards $20. Consequently, while the rest of the market is hurriedly selling BBBY stock, I think it may actually be time to start buying. The Quarter Wasn't That BadThe headline numbers in Bed Bath & Beyond's third-quarter print were awful. Comparable sales dropped 8.3%, marking the biggest drop in recent memory. Revenues declined 9%, also the biggest drop in recent memory. Adjusted gross margins compressed more than 80 basis points. The adjusted operating expense rate rose more than 100 basis points. What was a narrow profit in the same quarter a year ago, turned into a wide loss this quarter.But, underneath those awful headline numbers, there were some positive data-points which offer a glimmer of hope that Tritton and company are off to a good start in their turnaround plan.First, the 8.3% comparable sales drop is partly due to holiday timing shifts. Ex those timing shifts, comparable sales were down only 3.6% in the quarter; This would mark the least negative comparable sales drop this year. Second, thanks to certain initiatives management took, Bed Bath & Beyond's Black Friday through Cyber Monday weekend comparable sales were up 7.1%, including a double-digit increase in the digital channel.With that said, there's reason to believe that these early positive trends will persist as we head deeper into 2020. Why? Mostly because management is doing everything right to turn things around. They are expanding the company's omni-channel capabilities, starting with a full roll out of "Buy-Online, Pick-Up-In-Store" capability in the first half of 2020.Also, they have partnered with NPD to employ smarter, data-driven pricing and assortment curation strategies. The new management team also plans to double down on loyalty programs and perks, and right-size the store base and use proceeds to invest back into current store refreshes.Those are all the right moves, and as such, Bed Bath & Beyond has a reasonably good chance to stabilize and improve sales and profit trends in 2020. Bed Bath & Beyond Stock Could ReboundIf the company does stabilize and improve its sales and profit trends over the next few quarters, then BBBY stock could rebound in a big way from the third quarter earnings plunge.The numbers are pretty easy to follow here. Competition will forever keep Bed Bath & Beyond from turning into a big-growth company. But, the aforementioned turnaround initiatives do give the company a realistic opportunity to turn into a 0% to 1% revenue grower over the next few years. This would come as the company sustains relevance in the steady growth houseware and home goods market.At the same time, data-driven pricing schemes coupled with real estate optimization and cost discipline should drive gross margin improvements and expense base reduction. On top of renewed revenue growth, that could lead to sizable profit margin expansion.Assuming so, my modeling puts Bed Bath & Beyond's 2025 earnings per share (EPS) at $2.50 (for what its worth, the consensus 2021 EPS estimate sits at $2). At that point in time, Bed Bath & Beyond will be a mild revenue and profit grower. The last time Bed Bath & Beyond featured that growth profile was in the first half of the 2010s. At that time, BBBY stock fetched a forward earnings multiple that averaged around 11.Based on that forward multiple and a 10% annual discount rate, $2.50 in 2025 EPS implies a 2020 price target for BBBY stock of nearly $20. That's where shares will trend if the company does successfully stabilize sales and profit trends throughout the balance of the year. Bottom Line on BBBY StockBed Bath & Beyond stock plunged on awful third quarter numbers. But, underneath the awful headline numbers, there were some positive data-points in the report, the sum of which implied that management's turnaround initiatives -- which are very good -- are starting to work.If they continue to work and drive sales and profit stabilization over the next few quarters, then BBBY stock will rebound in a big way from this selloff.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post 2 Reasons to Be Optimistic on Bed Bath and Beyond Stock appeared first on InvestorPlace.

  • Benzinga

    Bed Bath & Beyond Hope: Can The Struggling Retailer Turn It Around Soon?

    Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares continued to free fall on Thursday after a dismal third-quarter report. BofA's Curtis Nagle reiterated a Buy rating on the stock but lowered the target price from $24 to $21. Morgan Stanley's Simeon Gutman stayed Equal-Weight on the stock and reaffirmed a $12 price target.

  • Benzinga

    Bed Bath & Beyond's Stock Plunges With Hard Times On The Horizon

    On Wednesday, January 8, third quarter earnings and revenue miss caused the share price of Bed Bath & Beyond Inc (NASDAQ: BBBY) to plunge 8 percent with the retailer withdrawing fiscal 2019 outlook. Refinitiv expected earnings of 2 cents whereas the retailer delivered an adjusted loss per share of 38 cents. Revenue dropped 9 percent and amounted to $2.76 billion with same store sales dropping 8.3 percent versus the 5 percent expected.

  • Barrons.com

    The Holidays Were No Fun for Retailers Kohl’s and J.C. Penney

    Shares of Kohl’s and J.C. Penney were down 8.7% and 11%, respectively, after both reported sales results.

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  • BBBY Put Options Pick Up as Stock Sells Off
    Schaeffer's Investment Research

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  • Bed, Bath & Beyond abandons financial targets after sharp sales decline
    Yahoo Finance Video

    Bed, Bath & Beyond abandons financial targets after sharp sales decline

    Shares of Bed, Bath & Beyond plunged on Thursday, after the home goods retailer revealed an 8.3% sales decline in the third-quarter and abandoned its financial targets. Rival retailers Kohl's and J.C. Penney also suffered in Thursday's trade, with their individual holiday sales numbers similarly disappointing investors.