NASDAQ:BBBY

Bed Bath & Beyond - BBBY Stock Forecast, Price & News

$0.79

-0.03 (-3.67%)

(As of 03/27/2023 12:00 AM ET)

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Today's Range: $0.78
▼
$0.83
50-Day Range: $0.79
▼
$5.86
52-Week Range: $0.77
▼
$30.00

Volume: 30.31 million shs
Average Volume: 76.97 million shs
Market Capitalization: $92.46 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.00

Institutional Ownership

Bed Bath & Beyond MarketRank™ Forecast

Analyst Rating: Reduce
1.00 Rating Score
Upside/Downside: 407.5% Upside
$4.00 Price Target
Short Interest: Healthy
70.19% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.69
Upright™ Environmental Score
News Sentiment: -0.19
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($11.71) to ($6.03) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Retail/Wholesale Sector

138th out of 210 stocks

Home Furniture, Furnishings & Equipment Stores Industry

3rd out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
Bed Bath & Beyond has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 12 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.00, Bed Bath & Beyond has a forecasted upside of 407.5% from its current price of $0.79.
Amount of Analyst Coverage
Bed Bath & Beyond has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
70.19% of the outstanding shares of Bed Bath & Beyond have been sold short.
Short Interest Ratio / Days to Cover
Bed Bath & Beyond has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bed Bath & Beyond has recently decreased by 0.28%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Bed Bath & Beyond does not currently pay a dividend.
Dividend Growth
Bed Bath & Beyond does not have a long track record of dividend growth.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bed Bath & Beyond has received a 11.33% net impact score from Upright. Bed Bath & Beyond seems to create the most significant positive value in categories "Jobs", "Taxes", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Physical retail of pet products at a furniture store", "Physical retail of sleeping furniture at a furniture store", "Physical retail of storage furniture at a furniture store", "Physical retail of garden furniture at a furniture store", and "Physical retail of home decorations at a furniture store" products. See details.
Environmental Sustainability
The Environmental Impact score for Bed Bath & Beyond is -1.69.

1.0

News and Social Media Coverage

News Sentiment
Bed Bath & Beyond has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Bed Bath & Beyond this week, compared to 25 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 4 reddit mentions for Bed Bath & Beyond this week, compared to 163 mentions on an average week.
Search Interest
Only 207 people have searched for BBBY on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
Only 47 people have added Bed Bath & Beyond to their MarketBeat watchlist in the last 30 days. This is a decrease of -41% compared to the previous 30 days.

1.7

Company Ownership

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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bed Bath & Beyond are expected to grow in the coming year, from ($11.71) to ($6.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bed Bath & Beyond is -0.05, 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 -0.05, 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 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bed Bath & Beyond (NASDAQ:BBBY) Stock

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.

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BBBY Stock News Headlines

March 15, 2023 | marketbeat.com

Nordstrom's 35% Off Sale Puts the Stock on the Bargain Rack (BBBY)

Nordstrom appears to be better positioned than most to outperform on the other side of the economic downturn and may be one of the best deals in retail.

March 25, 2023 | msn.com

Bed Bath & Beyond Announces Plans to Slash 1,000 Jobs

March 28, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.

March 24, 2023 | seekingalpha.com

Bed Bath & Beyond to cut over 1000 jobs in New Jersey (update)

March 24, 2023 | benzinga.com

Bed Bath & Beyond To Cut 1,300 Jobs In New Jersey: Report

March 24, 2023 | investorplace.com

BBBY Stock: Bed Bath & Beyond Layoffs Lead to 1,000 More Job Cuts

March 24, 2023 | msn.com

Bed Bath & Beyond to cut over 1000 jobs in New Jersey

March 24, 2023 | ca.finance.yahoo.com

Bed Bath & Beyond to cut 1,300 more jobs in New Jersey

March 28, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

March 24, 2023 | investorplace.com

The Case for Shorting BBBY Stock (Why Bed Bath & Beyond Is Headed for Bankruptcy)

March 24, 2023 | thestreet.com

Why Bed Bath & Beyond (BBBY) Stock Is Down In Pre-Market Trading

March 23, 2023 | benzinga.com

Looking At Bed Bath & Beyond's Recent Unusual Options Activity

March 23, 2023 | msn.com

As Bed Bath & Beyond Moves Out, Here Are the Names Moving Into Its Former Stores

March 23, 2023 | marketwatch.com

Mark Hulbert: GameStop stock is playing by a set of rules you’ll find in a casino more than an investment portfolio

March 22, 2023 | thestreet.com

As Bed Bath & Beyond Moves Out, Here's Who's Moving Into their Old Stores

March 22, 2023 | finance.yahoo.com

Make Spring Cleaning a Breeze with Must-Have Products from Bed Bath & Beyond®

March 21, 2023 | investorplace.com

BBBY Stock Alert: What to Know as Bed Bath & Beyond Falls Below Key Fundraising Level

March 21, 2023 | finance.yahoo.com

Bed, Bath & Beyond's stock under $1, snarling additional funding

March 21, 2023 | msn.com

Bed Bath & Beyond Collapses

March 20, 2023 | finance.yahoo.com

Bed Bath & Beyond stock falls further, seeks reverse stock split

March 20, 2023 | finance.yahoo.com

Bed Bath & Beyond stock falls to 30-year low on reverse stock split plan

March 20, 2023 | benzinga.com

Why Bed Bath & Beyond Shares Are Trading Lower By Around 24%? Here Are Other Stocks Moving In Monday's Mid-Day Session

March 20, 2023 | nytimes.com

The Chaotic, Dispiriting Work of Liquidating Harmon Stores

March 20, 2023 | investorplace.com

BBBY Stock Alert: Bed Bath & Beyond Plunges on Reverse Stock Split Plans

March 20, 2023 | marketwatch.com

: Bed Bath & Beyond stock falls below $1 after retailer calls for shareholder approval of reverse stock split

March 20, 2023 | finance.yahoo.com

US STOCKS-Futures seesaw on bank worries, rate-hike pause hopes

March 17, 2023 | finance.yahoo.com

Bed Bath & Beyond Proposes Reverse Stock Split, Stock Tumbles

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BBBY Company Calendar

Last Earnings: 1/10/2023
Today: 3/28/2023
Next Earnings (Estimated): 4/12/2023
Fiscal Year End: 2/29/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Home furniture, furnishings & equipment stores
Sub-Industry: Homefurnishing Retail
Sector: Retail/Wholesale
Current Symbol: NASDAQ:BBBY
CUSIP: 07589610
CIK: 886158
Web: www.bedbathandbeyond.com
Phone: (908) 688-0888
Fax: 908-688-6483
Employees: 32,000
Year Founded: 1971

Price Target and Rating

Average Stock Price Forecast: $4.00
High Stock Price Forecast: $7.50
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +407.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.00
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($15.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-559,620,000.00
Net Margins: -20.54%
Pretax Margin: -20.82%
Return on Equity: N/A
Return on Assets: -18.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.73
Quick Ratio: 0.17

Sales & Book Value

Annual Sales: $6.21 billion
Price / Sales: 0.01
Cash Flow: $2.81 per share
Price / Cash Flow: 0.28
Book Value: $2.18 per share
Price / Book: 0.36

Miscellaneous

Outstanding Shares: 117,322,000
Free Float: 115,328,000
Market Cap: $92.46 million
Optionable: Optionable
Beta: 1.62

Social Links

Key Executives

Sue E. Gove
President, Chief Executive Officer & Director

Holly Felder Etlin
Chief Financial Officer

Scott Lindblom
Chief Technology & Digital Officer

Lynda Markoe
Executive VP, Chief People & Culture Officer

Anuradha Gupta
Chief Growth Officer & Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BBBY Stock - Frequently Asked Questions

Should I buy or sell Bed Bath & Beyond stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bed Bath & Beyond in the last year. There are currently 12 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" BBBY shares.
View BBBY analyst ratings or view top-rated stocks.
What is Bed Bath & Beyond's stock price forecast for 2023?: 12 Wall Street research analysts have issued 1 year price targets for Bed Bath & Beyond's shares. Their BBBY share price forecasts range from $1.50 to $7.50. On average, they anticipate the company's share price to reach $4.00 in the next year. This suggests a possible upside of 407.5% from the stock's current price.
View analysts price targets for BBBY or view top-rated stocks among Wall Street analysts.
How have BBBY shares performed in 2023?: Bed Bath & Beyond's stock was trading at $2.51 at the start of the year. Since then, BBBY shares have decreased by 68.6% and is now trading at $0.7881.
View the best growth stocks for 2023 here.
When is Bed Bath & Beyond's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our BBBY earnings forecast.
How were Bed Bath & Beyond's earnings last quarter?: Bed Bath & Beyond Inc. (NASDAQ:BBBY) released its quarterly earnings results on Tuesday, January, 10th. The retailer reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($2.36) by $1.29. The retailer earned $1.26 billion during the quarter, compared to analysts' expectations of $1.34 billion. The business's revenue for the quarter was down 33.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.25) EPS.
What ETFs hold Bed Bath & Beyond's stock?: ETFs with the largest weight of Bed Bath & Beyond (NASDAQ:BBBY) stock in their portfolio include Principal Millennial Global Growth ETF (GENY), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Global X Millennials Consumer ETF (MILN).
Is Bed Bath & Beyond a good dividend stock?: Bed Bath & Beyond (NASDAQ:BBBY) pays an annual dividend of $0.68 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for BBBY.
What guidance has Bed Bath & Beyond issued on next quarter's earnings?: Bed Bath & Beyond updated its third quarter 2022 earnings guidance on Thursday, January, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.26 billion-$1.26 billion, compared to the consensus revenue estimate of $1.40 billion.

What is Mark Tritton's approval rating as Bed Bath & Beyond's CEO?: 657 employees have rated Bed Bath & Beyond Chief Executive Officer Mark Tritton on Glassdoor.com. Mark Tritton has an approval rating of 57% among the company's employees. This puts Mark Tritton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 51.0% of employees surveyed would recommend working at Bed Bath & Beyond to a friend.
What other stocks do shareholders of Bed Bath & Beyond own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bed Bath & Beyond investors own include NVIDIA (NVDA), Bank of America (BAC), Micron Technology (MU), Advanced Micro Devices (AMD), Tesla (TSLA), Walt Disney (DIS), Alibaba Group (BABA), Starbucks (SBUX), AT&T (T) and General Electric (GE).
What is Bed Bath & Beyond's stock symbol?: Bed Bath & Beyond trades on the NASDAQ under the ticker symbol "BBBY."
Who are Bed Bath & Beyond's major shareholders?: Bed Bath & Beyond's stock is owned by many different retail and institutional investors. Top institutional shareholders include Nomura Holdings Inc. (0.00%), Lombard Odier Asset Management USA Corp (0.00%), Barclays PLC (0.00%), Susquehanna International Group LLP (0.00%), Charles Schwab Investment Management Inc. (1.39%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Andrea Weiss, Ann Yerger, Gregg A Melnick, Gustavo Arnal, Harriet Edelman, Jeff Kirwan, John E Fleming, John R Hartmann, Joseph G Hartsig, Joshua Schechter, Ryan Cohen and Sue Gove.
View institutional ownership trends.
How do I buy shares of Bed Bath & Beyond?: Shares of BBBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Bed Bath & Beyond's stock price today?: One share of BBBY stock can currently be purchased for approximately $0.79.
How much money does Bed Bath & Beyond make?: Bed Bath & Beyond (NASDAQ:BBBY) has a market capitalization of $92.46 million and generates $6.21 billion in revenue each year. The retailer earns $-559,620,000.00 in net income (profit) each year or ($15.20) on an earnings per share basis.
How many employees does Bed Bath & Beyond have?: The company employs 32,000 workers across the globe.
Does Bed Bath & Beyond have any subsidiaries?: The following companies are subsidiares of Bed Bath & Beyond: Bed Bath & Beyond Canada L.P., Bed Bath & Beyond of California Limited Liability Company, Buy Buy Baby, Christmas Tree Shops, Cost Plus, Cost Plus Management Services, Decorist, Harbor Linen, Harmon Stores, Liberty Procurement Co. Inc., Of a KIng, One Kings Lane, and PersonalizationMall.com.
Read More
How can I contact Bed Bath & Beyond?: Bed Bath & Beyond's mailing address is 650 LIBERTY AVENUE, UNION NJ, 07083. The official website for the company is www.bedbathandbeyond.com. The retailer can be reached via phone at (908) 688-0888, via email at ir@bedbath.com, or via fax at 908-688-6483.

This page (NASDAQ:BBBY) was last updated on 3/28/2023 by MarketBeat.com Staff

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Bed Bath & Beyond - BBBY Stock Forecast, Price & News

Bed Bath & Beyond MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bed Bath & Beyond (NASDAQ:BBBY) Stock

BBBY Stock News Headlines

BBBY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

BBBY Stock - Frequently Asked Questions

Overall MarketRank^™