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NASDAQ:BBBY

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

$3.33
+0.15 (+4.72%)
(As of 11/30/2022 03:27 PM ET)
Add
Compare
Today's Range
$3.11
$3.36
50-Day Range
$3.04
$7.27
52-Week Range
$2.96
$30.06
Volume
194,710 shs
Average Volume
10.54 million shs
Market Capitalization
$267.60 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.13

Bed Bath & Beyond MarketRank™ Forecast

Analyst Rating
Reduce
1.08 Rating Score
Upside/​Downside
55.8% Upside
$5.13 Price Target
Short Interest
Bearish
45.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.69
Upright™ Environmental Score
News Sentiment
0.02mentions of Bed Bath & Beyond in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($8.90) to ($4.57) Per Share

Overall MarketRank

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

1.72 out of 5 stars

Retail/Wholesale Sector

183rd out of 216 stocks

Home Furniture, Furnishings & Equipment Stores Industry

3rd out of 3 stocks

BBBY stock logo

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

Bed Bath & Beyond up in Pre-Market
Don’t Let These 3 Stocks Ruin Your Portfolio in Q4
Struggling Chains That May Not Make It to 2023
Insiders Are Selling Bed Bath & Beyond (BBBY) Stock
Why Bed Bath & Beyond Is Rising Today
Don’t Get Stuck Holding Any of These Stocks in Q4
See More Headlines
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BBBY Company Calendar

Last Earnings
9/29/2022
Today
11/30/2022
Next Earnings (Estimated)
1/05/2023
Fiscal Year End
2/28/2023

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

Price Target and Rating

Average Stock Price Forecast
$5.13
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+53.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.08
Research Coverage
13 Analysts

Profitability

Net Income
$-559,620,000.00
Pretax Margin
-14.71%

Debt

Sales & Book Value

Annual Sales
$7.87 billion
Cash Flow
$3.20 per share
Book Value
$2.18 per share

Miscellaneous

Free Float
78,997,000
Market Cap
$267.60 million
Optionable
Optionable
Beta
1.55

Social Links


Key Executives

  • Ms. Sue Ellen GoveMs. Sue Ellen Gove (Age 64)
    CEO, Pres & Director
    Comp: $105k
  • Mr. Rafeh Masood (Age 43)
    Exec. VP, Chief Customer & Technology Officer
    Comp: $1.1M
  • Ms. Laura Crossen
    Sr. VP of Fin., Chief Accounting Officer & Interim CFO
  • Ms. Susie A. Kim
    Head of Treasury, Sr. VP of Treasury & Investor Relations
  • Ms. Arlene S. Hong Esq. (Age 52)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Hobart P. Sichel (Age 57)
    Exec. VP and Chief Marketing & Customer Officer
  • Ms. Lynda Markoe (Age 55)
    Exec. VP and Chief People & Culture Officer
  • Mr. Wade E. Haddad (Age 55)
    Sr. VP of Real Estate & Construction
  • Mr. Juan Guerrero
    Sr. VP & Chief Supply Chain Officer
  • Ms. Anuradha Gupta (Age 53)
    Exec. VP & Chief Growth Officer













BBBY Stock - Frequently Asked Questions

Should I buy or sell Bed Bath & Beyond stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bed Bath & Beyond in the last year. There are currently 12 sell ratings and 1 hold rating for the stock. The consensus among Wall Street 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?

13 brokers have issued 12 month target prices for Bed Bath & Beyond's stock. Their BBBY share price forecasts range from $2.00 to $10.00. On average, they anticipate the company's stock price to reach $5.13 in the next year. This suggests a possible upside of 55.8% 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 2022?

Bed Bath & Beyond's stock was trading at $14.58 at the beginning of the year. Since then, BBBY stock has decreased by 77.4% and is now trading at $3.29.
View the best growth stocks for 2022 here
.

Are investors shorting Bed Bath & Beyond?

Bed Bath & Beyond saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 34,490,000 shares, an increase of 11.9% from the October 31st total of 30,820,000 shares. Based on an average daily trading volume, of 19,170,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 45.1% of the company's stock are sold short.
View Bed Bath & Beyond's Short Interest
.

When is Bed Bath & Beyond's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
View our BBBY earnings forecast
.

How were Bed Bath & Beyond's earnings last quarter?

Bed Bath & Beyond Inc. (NASDAQ:BBBY) posted its quarterly earnings data on Thursday, September, 29th. The retailer reported ($3.22) EPS for the quarter, missing analysts' consensus estimates of ($1.59) by $1.63. The retailer had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.45 billion. Bed Bath & Beyond had a negative trailing twelve-month return on equity of 90.91% and a negative net margin of 16.98%. The company's revenue was down 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS.

What guidance has Bed Bath & Beyond issued on next quarter's earnings?

Bed Bath & Beyond issued an update on its second quarter 2022 earnings guidance on Wednesday, September, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.45 billion-$1.45 billion, compared to the consensus revenue estimate of $1.50 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.29%), Vanguard Group Inc. (10.21%), Citadel Advisors LLC (0.00%), State Street Corp (3.85%), IMC Chicago LLC (0.00%) and Allianz Asset Management GmbH (2.18%). 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 $3.29.

How much money does Bed Bath & Beyond make?

Bed Bath & Beyond (NASDAQ:BBBY) has a market capitalization of $264.38 million and generates $7.87 billion in revenue each year. The retailer earns $-559,620,000.00 in net income (profit) each year or ($13.65) 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 11/30/2022 by MarketBeat.com Staff