|Bid||7.49 x N/A|
|Ask||7.60 x N/A|
|Day's Range||7.79 - 7.79|
|52 Week Range||6.58 - 17.09|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.61 (8.54%)|
|1y Target Est||N/A|
On CNBC's "Fast Money Halftime Report," Pete Najarian said options traders were buying the Sept. $9 calls in Bed Bath & Beyond Inc. (NASDAQ: BBBY). Najarian jumped in the trade and he is going to hold it for about a week. Around 15,000 contracts of the Oct. $28 calls were traded in Corning Incorporated (NYSE: GLW), said Najarian.
Strong results from major retailers are pulling consumer discretionary stocks higher Wednesday. What does this mean for Bed Bath & Beyond investors?
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Bed Bath & Beyond Inc. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
The company also decided to eliminate the COO position, which was held by Eugene Castagna. The job cuts follow long-time Chief Executive Officer Steven Temares' departure in May, following pressure from activist investors, who cited the retailer's inability to grow sales and margins.
Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of its move to cut 7% of corporate staff, following a review of office costs. The company also decided to eliminate the COO position, which was held by Eugene Castagna. The layoffs include vice presidents, directors and managers at its headquarters in Union, New Jersey, and at other select locations, the company said.
Bed Bath & Beyond Inc. said Tuesday that it has reduced its corporate workforce at its Union, N.J. headquarters by about 7%, including the elimination of the chief operating officer position. Eugene A Castagna, the company's former COO, left the company today. Job cuts were also made at select locations where corporate associates were employed. These associates have been offered severance packages. Bed Bath & Beyond estimates that the organizational changes will yield future annual pre-tax savings of $30.7 million. For the remainder of fiscal 2019, the savings is forecast to be about $18.9 million. The company expects to incur a restructuring charge of about $12 million in fiscal 2019. Bed Bath & Beyond reiterated its forecast for full-year earnings per share at the lower end of the $2.11-to-$2.20 range. The FactSet consensus is for EPS of $1.91. Bed Bath & Beyond stock edged down 0.2% in Tuesday trading, but has fallen more than 51% over the last year. The S&P 500 index is up 7% for the past 12 months.
Bed Bath & Beyond Inc. was downgraded Tuesday to a sell by TheStreet's Quant Ratings service. In the daily bar chart of BBBY, below, we can see that prices are below the declining 50-day and bearish 200-day moving average line. The On-Balance-Volume (OBV) line has been in a decline from April which tells us that sellers of BBBY have been more aggressive for several months.
Stocks with high dividend yields have great appeal for income investors. Stocks might have a high dividend yield, because their stock price has collapsed, which is a sign of trouble. An example of this is retailer Bed Bath & Beyond , which sports a dividend yield above 6%.
Jim Cramer weighs in on Bed Bath & Beyond's quarter and what he expects from day two of Federal Reserve Chairman Jay Powell's testimony in front of the House Financial Committee.
Brooklinen Founder Rich Fulop sits down with Yahoo Finance's Julie Hyman, Adam Shapiro, and Pras Subramanian to discuss his company's direct-to-consumer approach to selling bedding accessories and loungewear.
Looper Capital Markets Managing Director Anthony Chukumba discusses what's next for Bed Bath & Beyond after their disappointing earnings with Yahoo Finance's Julie Hyman and Adam Shapiro.