|Bid||14.70 x 3100|
|Ask||14.78 x 4000|
|Day's Range||14.68 - 15.13|
|52 Week Range||7.31 - 19.57|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 8, 2020|
|Forward Dividend & Yield||0.68 (4.59%)|
|1y Target Est||13.54|
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it will report its fiscal 2019 third quarter financial results after the market close on Wednesday, January 8, 2020. The Company will subsequently host a conference call at 5:00 p.m. EDT with institutional investors and analysts to provide an overview of the Company's performance for the quarter.
On Wednesday, Bed Bath & Beyond received a positive adjustment to its Relative Strength (RS) Rating, from 89 to 93. When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
The rating on Cl. A was affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio and Moody's stressed debt service coverage ratio (DSCR), are within acceptable ranges. The ratings on three classes, Cl. B, Cl. C and Cl. D, were downgraded due to an increase in Moody's LTV as a result of a decline in performance, recent additional store closures announcements and increased competition.
Bed Bath & Beyond Inc. stock rose more than 5% in Monday trading after a bullish note from Bank of America that sees potential for a turnaround thanks to leadership from the company's new chief executive, Mark Tritton. Bank of America maintained its buy rating and $20 price objective. Tritton was previously the chief merchant at Target Corp. "Under Mr. Tritton's leadership we believe there is a real shot of stabilizing sales through new brand and product development, tighter vendor partnerships and stronger store and online execution," analysts led by Curtis Nagle wrote. Tritton took the helm on Nov. 4 and won't have an impact on third-quarter earnings, which will be announced in December. However, analysts think $900 million in EBITDA is possible in 2021, up from $700 million now. And Bank of America sees a number of potential steps the company can take to boost earnings and share price including divesting assets that aren't profitable or core to the business, and merchandising improvements. Bed Bath & Beyond stock is up 16.3% for the year to date while the S&P 500 index has gained nearly 25% for the period.
Investing.com – Shares of home goods retailer Bed Bath&Beyond; (NASDAQ:BBBY) jumped more than 6% Monday after a Bank of America/Merrill Lynch analyst said the company's new CEO has the tools to lead a successful turnaround.
Moody's rating action reflects a base expected loss of 3.6% of the current pooled balance, compared to 4.1% at Moody's last review. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
If you own shares in Bed Bath & Beyond Inc. (NASDAQ:BBBY) then it's worth thinking about how it contributes to the...
UNION, N.J., Nov. 4, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (BBBY) today announced that, as previously reported on its Form 8-K filed on October 10, 2019, effective November 4, 2019, Bed Bath & Beyond granted equity-based awards, in accordance with Nasdaq Listing Rule 5635(c)(4), to Mark J. Tritton as an inducement material to Mr. Tritton entering into an employment agreement with Bed Bath & Beyond and commencing employment as its President and Chief Executive Officer. Mr. Tritton received three equity-based awards: (1) 39,105 restricted stock units ("RSUs"), which will vest on November 4, 2020; (2) 539,648 RSUs, of which 273,734 will vest on March 31, 2020, 132,957 will vest on September 30, 2020, and 132,957 will vest on March 31, 2021; and (3) 273,735 performance stock units, which will vest, if at all, on November 4, 2021, based on performance goals relating to a three-year strategic plan with respect to the business of Bed Bath & Beyond, in each case and in general, provided that Mr. Tritton remains in Bed Bath & Beyond's employ through each applicable vesting date and subject to the terms and conditions of the applicable award agreement.
Bed Bath & Beyond (BBBY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The ratings on the six principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.7% of the current pooled balance. Moody's base expected loss plus realized losses is also 4.7% of the original pooled balance.
UNION, N.J., Oct. 30, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (BBBY) has received Executive Women of New Jersey's (EWNJ) 2019 Corporate Board Gender Diversity Award in recognition of the Company's impactful level of gender inclusion by having three or more women on its Board of Directors. The Award was presented at EWNJ's biennial A Seat at the Table Corporate Gender Diversity Awards Breakfast held Oct. 28, 2019 at the APA Hotel Woodbridge in Iselin, NJ. EWNJ recognized Bed Bath & Beyond and 29 other companies for making the EWNJ Honor Roll, a list of New Jersey public companies that have three or more women on their board of directors.
Bed Bath and Beyond Inc. said Tuesday in a Securities and Exchange Commission filing that it determined a third party had acquired email and password information from a source outside the company's systems. Bed Bath and Beyond stock fell 0.2% in after-hours trading. Bed Bath and Beyond said the breach affected less than 1% of the company's online accounts. The company said it notified some customers Tuesday that it was under a legal obligation to do so. In the filing, Bed Bath and Beyond said that it does not expect the breach to have a material, adverse effect on the company's operations, had implemented remedial measures and hired a security forensics firm.
"The review for downgrade reflects the acceleration of same store sales declines in the first half of FY19, including slightly negative sales on-line in Q2, that continues to erode operating income and concerns about Bed Bath's market position", stated Moody's analyst Peggy Holloway. Bed Bath's transformation is taking longer than anticipated and the company's market position remains vulnerable to competitors who have reacted more quickly to the rapidly changing retail environment.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
The ratings on four P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR), and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on one IO class was affirmed based on the credit quality of the referenced classes. The rating on one IO class was upgraded based on the credit quality of the referenced class.
Full disclosure: I've been an outspoken bear on shares of struggling home merchandise retailer Bed Bath & Beyond (NASDAQ:BBBY) for the better part of the past two years. See here, here and here. During that stretch, BBBY stock plummeted from above $40 to below $10.Source: Jonathan Weiss / Shutterstock.com More recently, however, I took off the bear hat, and sounded a bullish tone on Bed Bath & Beyond stock in early October 2019. The reason for the flip? The stock had fallen very far, very fast. And given the company's reasonable opportunity to stabilize sales and profits over the next few years, BBBY was just too cheap for its own good.Month-to-date, BBBY stock is up more than 20%. From their 52 week lows reached in August, shares are up more than 70% -- meaning that over the course of the past two months, BBBY stock has gone from big-time loser, to big-time winner.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWill the winning persist? Or will shares get back to their losing streak soon?At this point, it's tough to say. Bed Bath & Beyond stock does have an opportunity to surge towards $20 in a hurry. At the same time, the stock could drop back to $10. The latter looks more likely than the former, at present, so I think this is a rally to sell. But, I also understand the bull thesis here, and wouldn't want to be stuck short the stock in the not-that-unlikely event that the bull thesis does materialize. Bed Bath & Beyond Stock Could Surge to $20The good news for bulls: Bed Bath and Beyond stock has a somewhat realistic pathway to a $20 price tag.Over the past several years, BBBY's sales, margins and profits have been eroded by intensifying competition and the lack of an appropriate response from management to that competition. Specifically, management didn't build out a great digital business, didn't develop robust multi-channel capabilities and didn't hone in on maximizing the uniqueness of the product assortment. Ultimately, they failed to convince consumers that they should go to Bed Bath & Beyond as opposed to Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN) or Target (NYSE:TGT).That management team is gone. Now, there's a new sheriff in town. His name? Mark Tritton. His significance? He was the chief merchandising officer at Target, where he is credited as one of the key brains behind Target's enormously successful multi-channel retail transformation over the past few years.Quick history lesson. A few years back, Target was getting its butt kicked by Walmart and Amazon on multi-channel commerce. Tritton and company were tasked with ending this butt-kicking. They did that. Target has since gone from struggling retailer to retailer firing on all cylinders.Bulls are betting Tritton can lead a similar transformation at Bed Bath & Beyond. He has less resources than he had at Target, and Bed Bath & Beyond is in a far worse starting position. But, he could pull off some semblance of turnaround through an enhanced multi-channel strategy, which could lead to slight revenue growth and margin stabilization.If so, Bed Bath & Beyond could be on track to earn $3 in earnings per share by fiscal year 2025. Based on a historical 11-times forward earnings multiple and a 10% annual discount rate, that equates to a FY19 price target for BBBY stock of just over $20. It Could Also Fall Back Below $10The bad news for bulls: Bed Bath & Beyond stock is more likely to fall back below $10, than to rally to $20.What Tritton did at Target should not be underplayed. The multi-channel transformation that happened over there was impressive and should be a blueprint for retail success. But Bed Bath & Beyond is not Target, and there are certain secular challenges here which may prevent BBBY stock from staging a huge turnaround.Of note, Target has way more cash and cash flow to invest into developing multi-channel capabilities. Less cash and cash flow at Bed Bath & Beyond means less money pumped into multi-channel development, which means less robust multi-channel capabilities, which means lower consumer convenience. Ultimately, then, even if Bed Bath & Beyond does enhance its multi-channel game, that multi-channel game will still lag what Amazon, Walmart and Target offer.In that world, customers will continue to flow out of BBBY stores and into others. Sales will remain challenged. Margins will remain under pressure. Profits won't move higher.If profits don't move higher, BBBY stock won't move higher, either. Bottom Line on BBBY StockBulls have reason to be optimistic on BBBY stock following its huge rally off the lows over the past two months. But, such optimism may be misplaced, because Bed Bath & Beyond is still staring at secular challenges which don't project to go away anytime soon.The investment implication? I wouldn't chase the rally. I wouldn't short the stock, either. Let new management show what they can do, and then re-assess after the numbers arrive.As of this writing, Luke Lango was long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Could Bed Bath & Beyond Stock Power Toward $20? Maybe. appeared first on InvestorPlace.