14.88 0.00 (0.00%)
After hours: 4:00PM EST
|Bid||14.88 x 3100|
|Ask||14.89 x 4000|
|Day's Range||14.74 - 15.13|
|52 Week Range||10.46 - 24.08|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||6.51|
|Earnings Date||Apr 9, 2019 - Apr 15, 2019|
|Forward Dividend & Yield||0.64 (5.22%)|
|1y Target Est||13.13|
# Bed Bath & Beyond Inc ### NASDAQ/NGS:BBBY View full report here! ## Summary * Bearish sentiment is high * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Negative Short interest is extremely high for BBBY with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting BBBY. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $12.84 billion over the last one-month into ETFs that hold BBBY are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Could Home Depot Turn Around this Year?(Continued from Prior Part)Analysts’ EPS expectationsHome Depot’s (HD) adjusted EPS grew 32.0% YoY (year-over-year) to $7.64 from $5.79 in last year’s first three quarters, driven by revenue growth, net
The quarterly report at Macy's sent aftershocks through the retail industry, but somehow Bed Bath & Beyond avoided the sting.
Could Home Depot Turn Around this Year?(Continued from Prior Part)Home Depot’s integrated retail strategyTo counter Amazon (AMZN), Home Depot (HD) has been focusing on its integrated retail strategy, One Home Depot. The strategy integrates its offline and online channels to enhance customers’ experience, which could be hard for Amazon to
Could Home Depot Turn Around this Year? (Continued from Prior Part) ## Analysts’ recommendations Of the 34 analysts covering Home Depot (HD), 73.5% recommend “buy,” and 26.5% recommend “hold.” None recommend “sell.” Their average 12-month PT (price target) of $203.93 implies a 13.7% upside from its January 11 closing price of $179.41. This month, RBC raised Home Depot’s PT from $191 to $196, while UBS lowered its PT from $220 to $200. After Home Depot announced its third-quarter earnings on November 13, Credit Suisse, Baird, Stifel, and Telsey Advisory Group cut their PTs. Bank of America Merrill Lynch downgraded the stock from “buy” to “neutral,” and lowered its PT from $219 to $195. ## Peer comparison Of the 32 analysts covering Lowe’s (LOW), 71.9% recommend “buy,” and 28.1% recommend “hold.” Their average 12-month PT of $111.86 implies a 15.0% upside from the stock’s current price of $97.30. Of the 24 analysts covering Williams-Sonoma (WSM), 4.2% recommend “buy,” 79.2% recommend “hold,” and 16.7% recommend “sell.” Their average 12-month PT of $55.50 implies a 5.4% upside from the stock’s current price of $52.81. Of the 22 analysts covering Bed Bath & Beyond (BBBY), 63.6% recommend “hold,” and 36.4% recommend “sell.” Their average 12-month PT of $13.40 implies a 12.0% downside from the stock’s current price of $15.23. ## Valuation As of January 11, Home Depot’s forward PE multiple was 17.5x, compared with 23.0x at the beginning of last year. Home Depot’s stock price decline lowered its valuation multiple. On the same day, Lowe’s, Williams-Sonoma, and Bed Bath & Beyond had forward PE multiples of 16.3x, 11.9x, and 16.3x, respectively. Home Depot’s EPS are 18.3 times analysts’ 2018 expectations, and 17.4 times their 2019 expectations. They estimate that its EPS rose 31.4% last year, and that they will rise 4.9% this year. Next, we’ll look at Home Depot’s strategies and analysts’ revenue expectations. Continue to Next Part Browse this series on Market Realist: * Part 1 - Could Home Depot Turn Around this Year? * Part 3 - How Home Depot Aims to Drive Its Sales * Part 4 - Why Analysts Expect Home Depot’s EPS Growth to Slow
There have been a plethora of oddball products that have scored deals on ABC's "Shark Tank," and on Sunday's episode, "butt spray" caught the Sharks' attention. Cousins Jessica Karam Oley and Brandon Karam from Dallas, Texas walked into the tank, seeking a $50,000 investment for a 20 percent stake in their business, Pristine Cleansing Sprays , which produces a spray aiming to revolutionize the way people wipe. The founders claim that dry toilet paper and wet wipes don't always get the job done.
Last year was tough for home improvement retailers, including Home Depot (HD), whose stock price fell 9.3%. The stock fell despite Home Depot beating analysts’ EPS expectations in the first three quarters of 2018, as investors grew skeptical about increased interest rates and the weak housing market. Weakness in broader equity markets—the S&P 500 fell 6.2%—didn’t help, either.
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.
Shares of struggling merchandise retailer Bed Bath & Beyond (NASDAQ:BBBY) surged as much as 20% after the company reported third-quarter numbers that included a bullish forecast from management. Specifically, management said that due to the early success of a few profit-optimizing initiatives, fiscal 2019 earnings are expected to be flat with fiscal 2018 earnings, and fiscal 2020 earnings are expected to be up from both. The Street had been sitting at earnings-per-share of $2 for fiscal 2018, $1.60 for fiscal 2019 and $1.40 for fiscal 2020. Thus, the guide for $2-plus EPS in fiscal 2019 and 2020 was a huge 20%-plus lift. Consequently, BBBY stock rallied 20%. But, don't let this rally fool you. Bed Bath & Beyond still missed on revenues and comparable sales in the quarter. The comparable sales miss was wide, and comps are still negative. Gross margins are still falling. So are operating margins. Profits are down, too. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In other words, nothing about the current numbers warranted a 20% rally in BBBY stock. Instead, the rally was powered entirely by what management said is going to happen. Granted, management knows their business better than anyone, so the guide shouldn't be disregarded. But, it also seems ambitious given current trends. In the big picture, a lot needs to go right in order for earnings to grow over the next several years. If that does happen, BBBY stock could essentially double. But, it probably won't happen, and as such, the stock is best avoided until there's confirmation in the numbers that presently negative trends are reversing course. ### BBBY Stock: The Quarter Was Still Awful By most retail standards, Bed Bath & Beyond's third quarter was pretty bad. * 10 A-Rated Stocks the Smart Money Is Piling Into Comparable sales dropped 1.8%. The consensus was for a 0.3% drop, so that's a wide miss. It's also a 2018 low, as comps in the first two quarters of the year dropped 0.6%. Plus, it's lower than the comp drop in 2017 (down 1.3%) and 2016 (down 0.6%). In other words, comparable sales trends are still negative, and arguably only getting worse. Meanwhile, gross margins are still falling. In the quarter, gross margins fell back by 210 basis points year-over-year. Granted, that's better than the second quarter's 270 basis point compression. But, it's also worse than the first quarter's 140 basis point compression. Also, margins have come down a lot from their peak, and the fact that they are still falling by several hundred basis points year-over-year is a bearish trend. Overall, this is still a declining comp, eroding margin company with trends that aren't getting better yet. Those trends could get better. But, a lot has to go right in order for that to happen. ### A Lot Has to Go Right Bed Bath & Beyond's struggles aren't anything new. For several years, this has been a retailer with negative comparable sales growth, eroding margins, and falling relevancy in an increasingly competitive retail world. Management implied that this era is coming to an end. Specifically, due to a few profit-optimizing initiatives, management expects margins to finally stabilize and potentially even improve over the next several years. That's a tall order. Gross margins have been in perpetual decline for most of this decade due to elevated competition. That competition is only getting bigger, stronger and fiercer than ever before, with Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and Target (NYSE:TGT) all aggressively turning into low-cost, one-stop-shop retail destinations with unparalleled convenience. In that environment, it's tough to see BBBY's gross margins heading higher. Management could cut lower margin SKUs and/or not engage in price wars with the Big Three. It seems that's what they are planning to do. That will preserve gross margin. It will also accelerate the comparable sales erosion. If comps keep falling, or start falling by more, there's no way the company can leverage operating expenses and pull down the SG&A rate. Big picture, it's tough to see BBBY stock benefiting from a trio of positive comps, rising gross margins and falling opex rates over the next several years. If you get all three, the company could reasonably do about $3 in EPS in five years. A historically average 10X forward multiple on that implies a $30 long-term price target. But, because of the aforementioned competitive risks, you likely won't get all three. Instead, you will gross margin expansion at the expense of sales growth, and that will lead to -- at best -- stable earnings. If BBBY stock is supported by stabilized $2 EPS in five years, then an average 10X forward multiple on that implies a four-year forward price target of $20. Discounted back by 10% per year, that equates to a present value for BBBY stock of between $13 and $14. * 7 Pharmaceutical Stocks That Just Raised Prices This Year That's exactly where BBBY stock trades today, so realistic growth assumptions imply shares are fairly valued here. ### Bottom Line on BBBY Stock The quarter wasn't good, the guide is promising and there's finally a light at the end of this dark tunnel for Bed Bath & Beyond stock. But, that doesn't mean it's time to buy into the stock. Instead, Bed Bath & Beyond stock seems fully valued after its post-earnings pop, and further upside will have to be confirmed by an improvement in the numbers, which hasn't happened just yet. As of this writing, Luke Lango was long AMZN and TGT. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Don't Let the Rally In Bed Bath & Beyond Stock Fool You appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / January 14, 2019 / U.S. equities posted strong weekly gains, however, stock closed lower for the day on Friday on concerns over an ongoing U.S. government shutdown and worries ...
It's hard to look at that drawer full of gadgets you don't use without thinking of Bed Bath & Beyond. Here's how the home goods retailer got to where it is today.
Bed Bath & Beyond Inc.'s (BBBY) investments in its stores and online presence could boost its stock performance. The retail company is aiming to improve the customer experience, while reducing inventory levels through optimizing floor space. An improved digital offering could also enhance customer satisfaction levels, while providing greater flexibility for the company to add new products and features.
U.S. stock futures are trading slightly lower this morning after the S&P 500 scored its fifth straight up day. Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.28% and S&P 500 futures are lower by 0.34%. Nasdaq-100 futures have lost 0.41%. In the options pits, the popularity contest between calls and puts ended in a tie. Specifically, about 16 million calls and 16.2 million puts changed hands on the session. InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the CBOE, the single-session equity put/call volume ratio rose slightly to 0.65 -- a one-week high. Meanwhile, the 10-day moving average held its ground at in three-month low territory at 0.62. Retail stocks dominated options activity on Thursday. Bed Bath and Beyond (NASDAQ:BBBY) roared higher after reporting better-than-expected earnings. Macy's (NYSE:M) crashed after slashing their earnings forecast. Finally, Netflix (NASDAQ:NFLX) is receiving more love after another analyst upgrade. Let's take a closer look: ### Bed Bath & Beyond (BBBY) We're finally getting our first look at Q4 earnings in the retail space. Bed Bath and Beyond stepped up to the plate yesterday and scored big time with better-than-expected earnings and upbeat 2019 guidance. By the closing bell, BBBY stock had risen 16.6% amid heavy trading. * 7 Stocks at Risk of the Global Smartphone Slowdown The earnings beat brings much-needed relief to a stock that has beaten mercilessly. All told, BBBY was down 85% from its 2013 peak heading into Thursday's event. With the short-term trend now pointing higher, look for the stock to continue climbing toward the 200-day moving average near $17. On the options trading front, puts outpaced calls by a wide margin despite the massive price rally. Total activity exploded to 1,604% of the average daily volume, with 266,394 total contracts traded. 64% of the trading came from call options. With earnings out of the bag, implied volatility cratered on the day to 68%, dropping it to the 45th percentile of its one-year range. Premiums are now pricing in daily moves of 61 cents, or 4.3%. Options were pricing in a move of $2.27 into the quarterly release, so yesterday's $2.02 jump higher, though robust, was still within the expected move. ### Macy's (M) Macy's surprised the Street with an unscheduled announcement surrounding their sales performance in Q4. And M stock was summarily punished, suffering its biggest intraday decline since the financial crisis of 2008. The losses were pared slightly by the closing bell, but Macy's still finished down 17.7%. The company cited a mid-December slowdown in sales as the culprit for the reduction in annual profit expectations. They trimmed their forecast for annual profits from around $4.30 to $4. Comparable sales expectations were also slashed from 2.3% to 2%. On the options trading front, put popularity won the day. Total activity ended at 565% of the average daily volume, with 142,012 total contracts traded. Puts accounted for 54% of the day's take. Implied volatility dripped lower to 46%, placing it at the 48th percentile of its one-year range. Premiums are pricing in daily moves of 76 cents, or 2.9%. ### Netflix (NFLX) With Netflix shares on the mend, analysts are starting to throw some affection its way. Raymond James analyst Justin Patterson upgraded the stock from outperform to strong buy and hiked his price target to $435. Meanwhile, UBS analyst, Eric Sheridan lift his rating to buy from neutral while raising his price target to $410. NFLX stock is currently up 2% in premarket trading. The company's next earnings release is just around the corner on Jan. 17. On the options trading front, excitement over calls and puts was virtually split 52% to 48%. Activity lifted slightly to 109% of the average daily volume, with 186,472 total contracts traded. Implied volatility ticked higher on the day to 63% placing it at the 71st percentile of its one-year range. Premiums are pricing in daily moves of $12.90 or 4%. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Friday's Vital Data: Bed Bath & Beyond, Macy's and Netflix appeared first on InvestorPlace.
Bed Bath & Beyond Gives Optimistic Fiscal 2019 EPS Guidance (Continued from Prior Part) ## Third-quarter performance In the third quarter of 2018, Bed Bath & Beyond (BBBY) posted adjusted EPS of $0.18, outperforming analysts’ EPS expectation of $0.17. However, year-over-year, the company’s EPS fell by 59.1% from $0.44 in the third quarter of 2017. ## Year-over-year EPS decline The decline in BBBY’s net margins more than offset the positive effects of revenue growth and share repurchases, resulting in a decline in BBBY’s third-quarter EPS. In the last four quarters, the company repurchased 5.9 million shares at the cost of $115.6 million. In the third quarter alone, the company repurchased 527,000 shares for ~$8 million. At the end of the third quarter, the company has ~$1.4 billion still available under its share repurchase program. ## Peer comparisons and outlook During the same period, Williams-Sonoma (WSM) and RH (RH) have posted EPS growth of 10.5% and 66.3%, respectively. For fiscal 2018, BBBY’s management expects its EPS to be around $2.0, which represents a fall of 35.9% from $3.12 in 2017. For fiscal 2019, the company’s management expects its EPS to be the same as that in 2018. ## Dividends On January 9, BBBY’s management announced quarterly dividends of $0.16, which will be paid on April 16, 2019, to shareholders on record as of March 15, 2019. As of January 9, the company’s dividend yield stood at 5.22% with its stock price trading at $12.26. In comparison, the dividend yield of peer Williams-Sonoma was at 3.21% on the same day. Browse this series on Market Realist: * Part 1 - Bed Bath & Beyond’s Stock Rose on Optimistic Outlook * Part 2 - What Drove Bed Bath & Beyond’s Revenue in Q3? * Part 3 - Why Did Bed Bath & Beyond’s Q3 Net Margin Decline?
It wasn't a screaming victory, but Thursday's 0.45% gain for the S&P 500 marks its fifth gain in a row. Observers are gaining confidence, though shrinking volume says actual participants are thinning out. Bed Bath & Beyond (NASDAQ:BBBY) led the way with its 16.6% romp in response to an unexpectedly strong 2019 outlook. Twitter (NYSE:TWTR) made some bullish waves as well, however, up a healthy 2.6% after Bank of America's Merrill Lynch upgraded TWTR stock from "underperform" to "buy," citing an opportunity to improve user engagement. There weren't a whole lot more advancers than decliners though, with Target Corporation (NYSE:TGT) doing the most collective damage. Shares of the big-box store were off 2.9% in sympathy with a couple of alarming reports from rival retailers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the marketwide rally is anything but sweeping, that's beneficial in the sense that winners are separated from losers and actual trends can develop without the market's interference. To that end, stock charts of General Electric (NYSE:GE), Hologic (NASDAQ:HOLX) and MGM Resorts International (NYSE:MGM) are among the best of those bets heading into the weekend. ### Hologic (HOLX) More than once in recent months Hologic has merited a closer look. The converging trading range has been building up some pent-up action. It just needed the right catalyst to put that move into motion … higher or lower. * Morgan Stanley: 7 Risky Stocks to Sell Now It looked like that was going to happen in November, in a bullish direction, but the broad market tide had other plans for HOLX. Thursday's break back above the long-term technical ceiling, however, may be the one that sticks now that the market is helping. Click to Enlarge • The converging trading range in question is plotted by white dashed lines on both stock charts. Hologic is back above the upper edge of that range as of yesterday's close. • Still, given the fake-out seen a few weeks ago, the smart-money move here may be waiting to see if HOLX can push back above the technical ceiling around $45, plotted with a yellow dashed line. • While the undertow has actually been bullish for several weeks, any move between here and $45 is unlikely to be a straight line. It still may be worth the wait, however. ### General Electric (GE) Though well up from its late-December low, the gain General Electric shares have dished out since then has been in question. The doubters were feeling particularly vindicated on Tuesday and Wednesday, when the advance stopped and reversed. Looking back on Wednesday's and Thursday's bars, however, the bullish case for GE may be even better now specifically because of the stumble. Click to Enlarge • Wednesday's bar, marked with a yellow arrow, only had to kiss the recently hurdled 50-day moving average line, plotted in purple, to renew the buying effort. Thursday's follow-through confirms Wednesday's doji was indeed a pivot. • The previous line in the sand is still in play, however. That's the $9 area, where General Electric has found a ceiling more than once in recent weeks. • Looking back, the November meltdown looks like it could have been a capitulation of sorts. We've seen more buying volume for GE now than we have in months. ### MGM Resorts International (MGM) Finally, three weeks ago, MGM Resorts International looked like it was in massive trouble. As of two weeks ago, that idea was in question. One week ago, MGM looked ready to take flight. As of this morning, nobody has a clue. Thursday's action raised far more questions than answers. The good news is, the bulls and the bears are going to have to make a decision soon. The lines in the sand are pretty clear too. Click to Enlarge • The shape of yesterday's bar is telling. The bulls were content to pile on early on, but by the end of the day most of the bulls were getting back out again. This looks like the pivot out of the uptrend. • Or, maybe it isn't. The buying volume this week has not only been above average, it has been growing too. On the weekly chart we've got a fresh MACD buy signal and a Chaikin line back above zero. • A pause here isn't surprising, as the white 200-day moving average line comes into view. From here, the bulls will have to either take MGM to the next level or throw in the towel. If the 200-day line can be hurdled, that should be a bullish catalyst. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 3 Big Stock Charts for Friday: General Electric, Hologic and MGM Resorts appeared first on InvestorPlace.
With sales and profitability falling, the retailer didn't thrive through the peak selling season. But the results were still better than many investors feared.
This stock market rallied on two prongs: Jay Powell getting more realistic about the world's woes and their impact on our economy, and the runup in the price of oil -- which signaled, bizarrely, to a potential pick-up in world growth because of the resumption in trade talks with China. Now oil is backing off and Jay Powell gets a chance to take back the things he said that soothed the market, during a Q&A session at the Economic Club in Washington.
Retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) suffered its worst trading day in history in late September in reaction to its fiscal second-quarter results. Credit Suisse's Seth Sigman maintains a Neutral rating on Bed Bath & Beyond with a price target lowered from $18 to $16. Citi's Kate McShane maintains at Sell.
Stagnant earnings growth year over year will not be enough to derive any real momentum for Bed Bath & Beyond. Comparable sales declined 1.8%, meaning the net growth resulted from new sales avenues that compensated for a weakening in the established business. For the first nine months of the fiscal year, gross profits are down 4.8% to $2.95 billion.
Bed Bath and Beyond stock soars on improved earnings Guidance for 2019. Yahoo Finance's Brian Sozzi and Melody Hahm discuss.