Bed Bath & Beyond reports quarterly numbers

BBBY
About Bed Bath & Beyond Inc.

Bed Bath & Beyond is a home furnishings retailer, operating more than 1,560 stores in all 50 states, Puerto Rico, Canada, and Mexico. Stores carry an assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies. In addition to 1,018 Bed Bath & Beyond stores, the firm operates 281 Cost Plus stores, 121 buybuy Baby stores, 83 Christmas Tree Shops andThat Stores (gifts/housewares), 57 Harmon Face Values stores (health/beauty care), linens/textile wholesaler Linen Holdings, and online retailers OneKingsLane, Personalizationmall and Ofakind.

  • Last Price:
    $14.73
  • Previous Close:
    $14.59
  • Change:
    $0.14 (0.96%)
  • Open:
    $14.64
  • Volume:
    10,817,630
  • Average Volume (100 Day):
    6,379,725
  • Market Capitalization:
    $2.0 B
  • Day's Range:
    $14.36 - $14.86
  • Dividend Yield:
    4.39%
  • 52-week Range:
    $24 - $10.46
  • P-E:
    6.50
  • EPS:
    $2.26
  • Earnings Date:
    4/10/19
  • Ex Dividend Date:
    3/14/19
  • Sector:
    Consumer Cyclical
  • Industry:
    Specialty Retail
  • Analyst Average Recommendation:
    Moderate Sell

What's Happening With BBBY View more about BBBY >

Bed Bath & Beyond (BBBY) will report its fiscal third-quarter numbers after the market close January 9. Analysts expect the retailer to post earnings of $0.17 per share, down from $0.44 during the same period last year. BBBY shares have fallen 38% over the last six months.

Technical Analysis

BBBY was recently trading at $12.06 down $12.02 from its 12-month high and $1.60 above its 12-month low. InvestorsObserver’s Stock Score Report gives BBBY a 45 long-term technical score and a 9 short-term technical score. The stock has recent support above $10.50 and recent resistance below $13. Of the 14 analysts who cover the stock 0 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 1 rate it Sell, and 5 rate it Strong Sell, BBBY gets a score of 23 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Bed Bath & Beyond has struggled to adapt to the current retail landscape, and the stock has steadily lost value since early 2015. BBBY trades at less than 5 times earnings, but earnings are falling and expected to continue to fall moving forward. Profits are down 16% per annum over the last five years and are forecast to drop an additional 31% annually over the next five years. Investor sentiment remains bearish, but the stock has managed to stage a nice rally over the last week and shares are up 15% from its 52-week low set December 24. With shares so depressed, there remains a lot of upside potential, but in order for the stock to extend the recent rally the company needs to post a strong set of numbers. Analysts have an average price target of $15.00 on the stock, suggesting shares are undervalued by as much as 24%. Last quarter the company missed on the top and bottom line, but the street expects a better report this quarter with a whisper number of 17 cents, which is in-line with the consensus.

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