NASDAQ:BBBY

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

$0.18

0.00 (0.00%)

(As of 05/18/2023 ET)

Compare

Today's Range: $0.17
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$0.20
50-Day Range: $0.08
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$1.49
52-Week Range: $0.07
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$30.00

Volume: 12.49 million shs
Average Volume: 122.76 million shs
Market Capitalization: $77.31 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.70

Bed Bath & Beyond MarketRank™ Forecast

Analyst Rating: Reduce
1.00 Rating Score
Upside/Downside: 1,948.7% Upside
$3.70 Price Target
Short Interest: Bearish
24.24% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.69
Upright™ Environmental Score
News Sentiment: 0.38
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($10.64) to ($6.87) Per Share

Overall MarketRank^™

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

1.74 out of 5 stars

Retail/Wholesale Sector

141st out of 209 stocks

Home Furniture, Furnishings & Equipment Stores Industry

3rd out of 4 stocks

2.5

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 11 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.70, Bed Bath & Beyond has a forecasted upside of 1,948.7% from its current price of $0.18.
Amount of Analyst Coverage
Bed Bath & Beyond has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
24.24% 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 0.9, 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 increased by 27.26%, indicating that investor sentiment is decreasing significantly.

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.

1.3

News and Social Media Coverage

News Sentiment
Bed Bath & Beyond has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Bed Bath & Beyond this week, compared to 30 articles on an average week.
Search Interest
Only 167 people have searched for BBBY on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
Only 38 people have added Bed Bath & Beyond to their MarketBeat watchlist in the last 30 days. This is a decrease of -16% 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 ($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 0.08. 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

May 10, 2023 | marketbeat.com

Will Short Covering Mean Price Gains At 3 Growing Companies? (BBBY)

Short-covering could propel shares of Sprouts, Life Time Group and Super Micro Computer. Short sellers targeted them, despite solid expectations for growth.

April 23, 2023 | marketbeat.com

Struggling Bed Bath & Beyond files for bankruptcy protection

Bed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers

May 18, 2023 | Behind the Markets (Ad)

BREAKING: The truth about war with China

Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.

May 17, 2023 | msn.com

Bed Bath and Beyond's bankruptcy could help TJ Maxx owner TJX

May 17, 2023 | investorplace.com

Why Some Investors Aren’t Giving Up on Bed Bath & Beyond (BBBYQ) Stock

May 15, 2023 | finance.yahoo.com

Vice Media, Envision Healthcare file for Chapter 11 as bankruptcy rates hit decade-high

May 15, 2023 | finance.yahoo.com

Bed Bath & Beyond foreclosures 'more of an anomaly than a representation' of retail tenants: Analyst

May 11, 2023 | entrepreneur.com

This Retail Giant Is Poised to Capitalize on Bed Bath & Beyond’s Collapse

May 18, 2023 | Behind the Markets (Ad)

BREAKING: The truth about war with China

May 10, 2023 | investorplace.com

BBBYQ Stock Alert: Auctions Kick Off for Bed Bath & Beyond Leases

May 9, 2023 | bizjournals.com

A&G Real Estate Partners to auction off hundreds of Bed Bath & Beyond and Buy Buy Baby locations

May 8, 2023 | investorplace.com

Investors Are Betting on a Short Squeeze in Bed Bath & Beyond (BBBYQ) Stock

May 5, 2023 | forbes.com

Why Bed Bath & Beyond Stores Won’t Stay Empty For Long

May 4, 2023 | finance.yahoo.com

Christmas Tree Shops may soon file for bankruptcy protection

May 4, 2023 | msn.com

After Nasdaq delisting, Bed Bath & Beyond’s stock jumps on OTC debut

May 4, 2023 | finance.yahoo.com

How a rescue turned to regret in Bed Bath & Beyond’s bankruptcy

May 4, 2023 | businessinsider.com

Bank of America details 3 retail stocks that have more than 20% upside as they benefit from mass closures of Bed Bath & Beyond stores

May 3, 2023 | forbes.com

Retail Evolution: Bed Bath & Beyond Stores Won’t Stay Empty For Long

May 3, 2023 | msn.com

Went to a Liquidating Bed Bath and Beyond; Here's What's They're Giving Away

May 3, 2023 | finance.yahoo.com

Bed Bath and Beyond Liquidation Starts; Here's What They're Giving Away

May 3, 2023 | msn.com

Bed Bath and Beyond stock set for Nasdaq delisting at market open

May 3, 2023 | finance.yahoo.com

Bed Bath & Beyond Starts Delisting Process Today. It Was Once a Star Stock.

May 2, 2023 | msn.com

Bed Bath and Beyond takes aim at ocean carriers, seeks millions in freight dispute

May 2, 2023 | finance.yahoo.com

Bankrupt Bed Bath & Beyond Seeks Millions From Ocean Carriers

May 2, 2023 | benzinga.com

Thinking about buying stock in Ideanomics, Bed Bath & Beyond, SoFi, Hour Loop, or Uber?

May 2, 2023 | msn.com

Unusual Put Option Trade in Bed Bath & Beyond (BBBY) Worth $42.00K

May 1, 2023 | markets.businessinsider.com

Your 20% Off Bed Bath & Beyond Coupons Could Have New Life At These 2 Retailers: Will It Help Struggling Share Prices?

See More Headlines

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BBBY Company Calendar

Last Earnings: 1/06/2022
Today: 5/18/2023
Next Earnings (Estimated): 6/27/2023
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: $3.70
High Stock Price Forecast: $7.50
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +1,913.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.00
Research Coverage: 11 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: $4.60 per share
Price / Cash Flow: 0.04
Book Value: $2.18 per share
Price / Book: 0.08

Miscellaneous

Outstanding Shares: 428,099,000
Free Float: 420,821,000
Market Cap: $78.68 million
Optionable: Optionable
Beta: 1.49

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?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bed Bath & Beyond in the last twelve months. There are currently 11 sell ratings 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?: 11 brokerages have issued twelve-month price objectives for Bed Bath & Beyond's stock. Their BBBY share price forecasts range from $1.50 to $7.50. On average, they anticipate the company's stock price to reach $3.70 in the next year. This suggests a possible upside of 1,913.1% 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 92.7% and is now trading at $0.1838.
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 Tuesday, June 27th 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 Thursday, January, 6th. The retailer reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.27. The retailer had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.95 billion. The firm's revenue was down 28.3% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share.
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), 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 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 Hudson Bay Capital Management LP (5.67%), Nomura Holdings Inc. (0.00%), Susquehanna International Group LLP (0.00%), Simplex Trading LLC (0.00%), State Street Corp (0.51%) and Geode Capital Management LLC (0.43%). 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 $0.18.
How much money does Bed Bath & Beyond make?: Bed Bath & Beyond (NASDAQ:BBBY) has a market capitalization of $78.68 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 5/18/2023 by MarketBeat.com Staff

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