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NASDAQ:BBBY

Bed Bath & Beyond (BBBY) Stock Price, News & Analysis

Bed Bath & Beyond logo

About Bed Bath & Beyond Stock (NASDAQ:BBBY)

Key Stats

Today's Range
$0.07
$0.11
50-Day Range
$0.08
$0.26
52-Week Range
$0.07
$30.00
Volume
8.82 million shs
Average Volume
122.76 million shs
Market Capitalization
$33.78 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Bed Bath & Beyond Inc. began as a big-box retailer operating in North America. It was first known as Bed N Bath to reflect the original product lineup but the name was later changed. Bed Bath & Beyond is now an omnichannel retailer that operates a chain of retail stores and an eCommerce platform focused on household products including linens, towels, and kitchen supplies and equipment. Other product lines include home furnishings, juvenile, and consumables.  Bed Bath & Beyond Inc. was incorporated in 1971 and is headquartered in Union, New Jersey.

Bed Bath & Beyond made a name for itself in the late 80s and early 90’s due to its widespread appeal and aggressive growth strategy. Its answer to the competition was to help define terms like superstore and category killer and alter the face of US retail. Eventually, the company is forced to make acquisitions in order to sustain its growth.

At the end of February 26, 2022, the company had 953 stores including 771 Bed Bath & Beyond stores in 50 states, the District of Columbia, Puerto Rico, and Canada. The company’s other brands include buybuy Baby, Harmon, and Face Values. The company is operating 130 buybuy BABY stores in 37 states and Canada, and 52 stores in 6 states under the names Harmon, Harmon Face Values or Face Values.

Bed Bath & Beyond has a healthy eCommerce business that includes websites and apps like bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, facevalues.com, buybuybaby.com, buybuybaby.ca, and decorist.com. The eCommerce platform has been central to the company’s business although it has been struggling to hit sales targets consistently since hitting a peak around 2015. Competition from more-successful superstore category killers cut into the business and are still doing so today.

One of the company’s most recognizable advertising campaigns is the 20% off coupon. The company is known to regularly send out 20% off coupons through the mail in an effort to drive traffic. The growth of the Internet led the company to offer the discount online as well so now consumers can get 20% off their first order when using the online portals.

Bed Bath & Beyond once again entered the spotlight during the COVID-19 pandemic due to the weakening nature of the underlying business. Mounting debt and an uncertain outlook led to a rise in short interest that eventually elevated the stock to Meme Stock status. Short interest in the stock topped 40% at times and helped induce wild swings in the share price.

The company fired its then-CEO Mark Triton in early 2022 because of the failing business and Sue Gove stepped in to take his place on interim status. Ms. Gove is an industry veteran with over 30 years of experience in various leadership positions. Even so, the company’s future is not assured. 

Bed Bath & Beyond Stock Analysis - MarketRank™

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13th Percentile Overall Score

BBBY MarketRank™: 

Bed Bath & Beyond scored higher than 13% of companies evaluated by MarketBeat, and ranked 201st out of 214 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Bed Bath & Beyond are expected to grow in the coming year, from ($10.64) to ($6.87) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bed Bath & Beyond is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Bed Bath & Beyond is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Bed Bath & Beyond has a P/B Ratio of 0.04. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for BBBY.
  • Short Interest

    There is no current short interest data available for BBBY.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Bed Bath & Beyond this week, compared to 1 article on an average week.
  • MarketBeat Follows

    1 people have added Bed Bath & Beyond to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Bed Bath & Beyond insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.70% of the stock of Bed Bath & Beyond is held by insiders.

  • Percentage Held by Institutions

    64.16% of the stock of Bed Bath & Beyond is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Bed Bath & Beyond's insider trading history.
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BBBY Stock News Headlines

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BBBY Stock Analysis - Frequently Asked Questions

Bed Bath & Beyond Inc. (NASDAQ:BBBY) released its quarterly earnings results on Thursday, January, 6th. The retailer reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.27. Bed Bath & Beyond's quarterly revenue was down 28.3% compared to the same quarter last year.

The following companies are subsidiaries of Bed Bath & Beyond: Decorist, PersonalizationMall.com, One Kings Lane, Of a KIng, Harbor Linen, Cost Plus, Buy Buy Baby, and more.

Based on aggregate information from My MarketBeat watchlists, some other companies that Bed Bath & Beyond investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), AMC Entertainment (AMC), Bank of America (BAC) and Micron Technology (MU).

Company Calendar

Last Earnings
1/06/2022
Today
11/04/2024
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Industry
Home furniture, furnishings & equipment stores
Sub-Industry
Homefurnishing Retail
Current Symbol
NASDAQ:BBBY
CUSIP
07589610
Employees
32,000
Year Founded
1971

Profitability

Net Income
$-559,620,000.00
Pretax Margin
-20.82%

Debt

Sales & Book Value

Annual Sales
$6.21 billion
Cash Flow
$1.97 per share
Book Value
$2.18 per share

Miscellaneous

Free Float
420,821,000
Market Cap
$33.78 million
Optionable
Optionable
Beta
1.49

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This page (NASDAQ:BBBY) was last updated on 11/4/2024 by MarketBeat.com Staff
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