Bed Bath & Beyond Inc (BBBY)

BBBY (NASDAQ:Retail) EQUITY
$42.19
neg -1.28
-2.94%
Today's Range: 42.07 - 43.54 | BBBY Avg Daily Volume: 2,666,800
Last Update: 02/11/16 - 3:59 PM EST
Volume: 1,763,853
YTD Performance: -9.91%
Open: $42.51
Previous Close: $43.47
52 Week Range: $41.26 - $78.60
Oustanding Shares: 163,587,453
Market Cap: 7,143,864,073
6-Month Chart
TheStreet Ratings Grade for BBBY
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 3 4 5 6
Moderate Buy 0 0 0 0
Hold 10 13 12 11
Moderate Sell 1 1 1 1
Strong Sell 3 1 1 1
Mean Rec. 3.02 2.70 2.59 2.49
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 8.77
Price Earnings Comparisons:
BBBY Sector Avg. S&P 500
8.77 8.80 27.19
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-27.00% -44.70% -26.87%
GROWTH 12 Mo 3 Yr CAGR
Revenue 3.30 0.25 0.08
Net Income -6.30 -0.03 -0.01
EPS 5.80 0.25 0.08
Earnings for BBBY:
EBITDA 1.79B
Revenue 11.88B
Average Earnings Estimates
Qtr (02/16) Qtr (05/16) FY (02/16) FY (02/17)
Average Estimate $1.80 $0.93 $5.00 $5.18
Number of Analysts 13 9 14 15
High Estimate $1.86 $0.98 $5.04 $5.50
Low Estimate $1.75 $0.88 $4.95 $4.87
Prior Year $1.80 $0.93 $5.03 $5.00
Growth Rate (Year over Year) 0.21% 0.48% -0.68% 3.76%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
By

Doug Kass

 | Feb 9, 2016 | 3:41 PM EST
As days go these days, stocks were on the quiet side. Up down up down up, thus far. The U.S. dollar's weakness has accelerated. Oil vey, more crude weakness -- dropping by $1.46 to $28.23. Gold fell $3.70 for a change, but the strong uptrend remains intact. As I mentioned yesterday, I had reams of analysis but I just couldn't process it in time for the ramp, which is disappointing as I was leaning to go long. In agricultural commodities, wheat, corn and soybeans were flattish. Lumber fell by 0.5%. Government bonds show limited movement, with yields down one or two basis points. Municipal bond prices and yields showed little change, though closed-end municipal bond funds showed some life, with several rising by almost 1%!. High yield was junky, with iShares iBoxx $ High Yield Corporate Bond ETF (HYG) down 45 cents and SPDR Barclays High Yield Bond ETF (JNK) down 21 cents. Blackstone/GSO Strategic Credit Fund (BGB) continued to get hit mildly. Banks exhibited little movement. I added to Citigroup (C), Morgan Stanley (MS) and Bank of America (BAC) today. New Best Ideas List entrants, banks BB&T (BBT) and Regions Financial (RF), traded in the green.  Life insurance stocks were flat; Berkshire Hathaway (BRK.B) was up a beaner. Retail was mixed. Home Depot (HD) and Lowe's (LOW) bounced back after several days of  schmeissing. Wal-Mart (WMT) saw some profit taking and apparel still is weak. Macy's (M) and Bed, Bath and Beyond (BBBY) were slightly higher, but Best Buy (BBY) was a bit lower. The continued fall from grace of Sears Holdings (SHLD) on disappointing results -- it's down around 7% today -- should be a concern to real estate and mall owners. Biotech was uninspiring after recent declines. Valeant Pharmaceuticals (VRX) continues under distribution. Speculative Intrexon (XON) got hit. Allergan (AGN) rallied after yesterday's fall. Regarding autos: I covered my Ford (F) short, but still am short General Motors (GM), which is on my Best Ideas List as a short. Old tech was mixed, with IBM (IBM) a standout loser, down more than $2. Microsoft (MSFT) and Intel (INTC) managed small gains. Media was awful, with Comcast (CMCSA) and Disney (DIS) lower; the latter's earnings are today. Energy stocks got hit with the commodity. Though I covered Schlumberger (SLB) and Exxon Mobil (XOM) shorts for great gains, I should have held those shorts. But who knew $28 oil? Brokerages reversed after being much lower. They're now up on the day. In  "A Few of My Favorite Things," I again highlighted DuPont (DD), which is up another $1, and Procter & Gamble (PG), which is flat. (T)FANG, the object of my scorn in yesterday's opener, had a dead-cat bounce that was unimpressive by any standard. Amazon (AMZN) is still down on the day, and Tesla (TSLA) is barely higher. Alphabet (GOOGL) is unchanged.  NOSH had all four components higher, led by HD (mentioned previously). CRABBY was as flat as the desert. Radian Group (RDN) traded a tad higher, and other stocks made modest moves. Twitter (TWTR) moved ever lower, and the masochist in me purchased it in my pension plan, as I did C, BAC and MS at reasonably good prices. As mentioned, I added to a number of existing longs and re-established a SPY long rental and added a new iShares Russell 2000 (IWM) long. I likely will end the day between small and medium net long. It's lonely being long -- hopefully, my buys become green.
By

Doug Kass

 | Feb 8, 2016 | 6:17 PM EST
Again, I am endeavoring to be opportunistic (trading) in a market that is fragile,  too volatile and unpredictable to be comfortable with an abundance of many longer-term investments. At the bottom this afternoon, things looked dreadful. It was not easy to make a long trading rental and add to existing shorts. The S&P 500 ended at 1853, very close to my fair market value of 1860. The U.S. dollar weakened a bit after a five day period of consolidating against the euro. Bonds dropped by nearly 10 basis points in yield at the intermediate- and longer-term maturities. Non taxables were well-bid and closed-end municipal bond funds were slightly higher on the day. High yield was junky, reflecting systemic concerns in the European Union and China (large reserve pull down). iShares iBoxx $ High Yield  Corporate Bond Fund (HYG) was down 91 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 40 cents. Blackstone/GSO Strategic Credit Fund (BGB) got pulled down and traded poorly. Gold fell from its highs but still closed $32.70 to the good. Silver was up 55 cents. I had been working on a positive thesis on gold but other projects got in the way, and I blew the opportunity as the price has risen on eight out of the 10 last trading days.   In agricultural commodities, wheat got schmeissed (down eight cents) and corn was down three cents. Lumber was flat. Crude closed down 84 cents, at $30.25, but natural gas was up six cents. Energy stocks, including Exxon Mobil (XOM) and Schlumberger (SLB), prospered today, despite a depressed commodity price. It might be foreshadowing better oil prices; we will see. Banks again were weaker as European institutions took a nosedive. I added to my large position. But life insurance wasn't any better, falling from the pressure of lower yields. I covered some MetLife (MET) and Lincoln National (LNC) shorts. Brokerages got caught in the systemic rumors and concerns and were lower on the day; I added to Morgan Stanley (MS) and Goldman Sachs (GS). Oaktree Capital Group (OAK) ended the day fractionally higher. Retail that I owned wasn't half bad; Best Buy (BBY) and Bed, Bath and Beyond (BBBY) closed higher, but Macy's (M) retreated by 60 cents. That said, remodeling favs Home Depot (HD) and Lowe's (LOW) continued the thrashing that accelerated on Friday. After the close, The Gap (GPS) reported that same-store sales were down 8%. However, its guidance was better than expected and the stock is rallying a small fraction after hours. Lululemon (LULU), Coach (COH) and Under Armour (UA) were all much weaker in a poor apparel space. Autos were mixed; Ford (F) was higher and General Motors (GM) lower. I wonder, after great gains on the short side, whether I am outstaying my welcome. But, I have taken down these shorts to small. Media was awful -- even good performer Comcast (CMCSA) faltered. New lows for Disney (DIS). Old tech was weak, led by Microsoft (MSFT) and Intel (INTC), but bounced off their lows along with the rest of the market. Staples were broadly higher, led by PG, which embodies the flight to safety.  Biotech was decimated. Valeant Pharmaceuticals (VRX) was down by another $6.50 and my spec fav Intrexon (XON) was down by a beaner. Allergan (AGN) hit a new recent low at $266. (T)FANG weakness and future were chronicled in my opening missive today. The acronym was lower, but Alphabet (GOOGL) and Netflix (NFLX) managed to rise modestly. Tesla (TSLA) got hit badly (down $14), as did Facebook (FB) and, to a lesser degree, Amazon (AMZN). NOSH was starving; Nike (NKE), O'Reilly Automotive (ORLY) and Home Depot (HD) were down bigtime. Starbucks (SBUX) rallied off the lows to end the day flat. CRABBY was mixed, led to the downside by Citigroup (C); I added it. Disease-like laggards Potash (POT) and Twitter (TWTR), which reports Wednesday, continued to lag.  iShares China Large-Cap (FXI) -- a Best Ideas List participant as a short -- doesn't have an uptick in it.  Apple's (AAPL) strength was conspicuous , up $1.20. During the day I added to many of my existing longs and added to new banks Regions Financial (RF) and BB&T (BBT); I put them on the Best Ideas List. Again, i see banks as multiyear plays and not as short-term trades. I also covered small positions in a broad list of my core shorts, including DIS, MET and LNC. As mentioned, I day traded an aggressive position in SPY for a profit. I will continue to try to accomplish that feat. I ended the day at market neutral. For the time being and assuming no change in fundamentals, I remain a SPY buyer between the capitulation low (two Wednesdays ago at $181.25 and about $183.50) and I remain a seller on strength above $185. I know that's a pretty tight range, which likely will be resolved s
By

Doug Kass

 | Feb 1, 2016 | 4:30 PM EST
I outlined my near- and intermediate-term outlook in parts one and two of this morning's opening salvo. I moved in dramatic fashion from a relatively large net long exposure taken on a week ago Wednesday and Thursday to a small net short exposure at day's end. I got more aggressive after 3 p.m. I scaled into a SPDR S&P 500 ETF (SPY) short all day, from premarket to regular trading session (as high as $194.40) A Stanley Fischer rally? Algos sure like what he said. I view his verbiage as hedged and a non-event. The market, for the second day in a row, defied the weakness in crude oil prices, which were down $2.11 to $31.51 a barrel. Ns (Nasdaq) over Ss (S&P index) and Rs (Russell index). A strange day in light of weaker crude oil and the deteriorating price action in high yield. The U.S. dollar weakened against the euro. Gold up another $12.30 -- its sixth or seventh day in a row higher, I believe (more on gold tomorrow). Agricultural commodities saw wheat down three cents with corn and soybeans flat. Lumber was unchanged. Bonds were up by two to four basis points in yield, depending on maturities. iShares 20+ Year Treasury Bond (TLT) was down about 40 cents. Non taxables were weaker, with iShares National AMT-Free Muni Bond (MUB) down by 0.2%. But muni bond funds were higher. Strange. High yield was junky;  iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 42 cents and SPDR Barclays High-Yield Bond ETF (JNK) was down 22 cents. Blackstone/GSO Strategic Credit Fund (BGB) held recent gains Banks were flattish, but they had a monster run on Friday -- up 5%. They were featured on the cover of Barron's. Citigroup (C) is the strongest name. Selected financials were strong. Blackstone Group (BX), despite a Goldman Sachs downgrade, reversed bigtime. Oaktree Capital Group (OAK) was conspicuously strong. Both BX and OAK are on my Best Ideas List.  But brokerages -- such as Goldman Sachs (GS) and Morgan Stanley (MS) -- were hit with profit- taking. Life insurance, too, was death, including Lincoln National (LNC), MetLife (MET) and Hartford Financial Services Group (HIG) Retail showed large gains, led by Wal-Mart (WMT);  I eliminated a trading long rental for a large percentage gain). Macy's (M), Best Buy (BBY) and Bed, Bath and Beyond (BBBY) reversed substantially to the upside. Utilities were up and highlighted in my Diary.   Staples were mixed, despite the weakening U.S. currency. The energy sector suffered under the weight of a large decline in crude oil. Biotech recovered, led by Valeant Pharmaceuticals (VRX), Mallinckrodt (MNK), and my spec fav, Intrexon (XON). Autos had a dead-cat bounce. (T)FANG resumed its strength, though Amazon (AMZN) was down $12. Tesla (TSLA) and Facebook (FB), which hit a new high, were features. NOSH was tasty, fueled by Nike (NKE) and O'Reilly Automotive (ORLY). CRABBY was up small. Last program standing defines the close. Alphabet (GOOGL) tonite -- Boca Biff is short Alphabet, but he is not that good of a speller! I reinitiated a SPY short (

bearishBed Bath & Beyond downgraded at Keybanc

Jan 27, 2016 | 7:06 AM EST

BBBY was downgraded from Sector Weight to Underweight, Keybanc said. $35 price target. Company is facing increased competition. 

By

Doug Kass

 | Jan 26, 2016 | 1:30 PM EST
"In the garden, growth has it season. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again."
By

Doug Kass

 | Jan 21, 2016 | 5:30 PM EST
The last became the first today.  I outlined my technical rationale for thinking that yesterday's "noon swoon" might be an important market bottom.  History is my guide, not anecdotes.  An abundance of uncreative, consensus and "groupstink" in the business media today. Too many that I won't even repeat some of the uninformed comments about yesterday's  short covering (that is almost always the start of a legit rally). Yesterday's dip of death and "noon swoon" was (based on my desk contacts) machine- and algo- driven. Gamma hedgers and risk parity strategies were especially active in the drop.    Ss (S&P) over Ns (Nasdaq) and Rs (Russell). The U.S. dollar was stronger, though well off of the day's best. Taxable government bonds were weaker -- the 10- and 30-year yields were four basis points higher. High yield, as seen with iShares iBoxx $ High Yield Corporate Bond ETF (HYG), up 66 cents, and SPDR Barclays High Yield Bond ETF (JNK), up 17 cents, reversed recent losses. Blackstone/GSO Strategic Credit Fund (BGB) was flat, and I added. Municipals were lower, slightly, and closed-end municipal funds recovered a good portion of yesterday's loss, which seemed to have been inspired by the group being a source of funds. Oil was up $1.40. Schlumberger (SLB) had a two-cent beat and announced a large buyback, boosting shares a bit, while Exxon Mobil (XOM) responded well to the rise in the commodities prices. I had covered most of my short yesterday. Natural gas was up four cents. Agricultural commodities were mixed. Wheat was up three cents, corn down three cents and soybean up a nickel. Lumber was up $1.60. Banks were weak, owing to oil-related credit concerns -- more on that next week. I am not as concerned as the market with regard to oil credits. I added to Citigroup (C) and Bank of America (BAC) today. Retail paid off. Macy's (M), Best Buy (BBY), Bed, Bath and Beyond (BBBY) and Wal-Mart (WMT) were all strong. M continued the technical breakout mentioned yesterday. Consumer staples were surprisingly strong given the dollar, though I suppose the selloff in the dollar buoyed late-day action. Old Tech was a tad better, with a dead-cat bounce from IBM (IBM) after Wednesday's schmeissing.  (T)FANG was mixed. Amazon (AMZN) was up $3.25 and Google, now Alphabet (GOOG), rose $8-plus, but the others were flat to down. Netflix (NFLX), the object of my disaffection this morning, fell more than $5. NOSH saw gains from three of the four stocks. Nike (NKE) was relatively strong. CRABBY was mixed, with fractional moves. Starbucks (SBUX), the stock that nearly everyone owns and likes, beat by a penny but the top line was weaker than expected. Chinese comps were disappointing (up 5%), overall comps were in line. Guidance was less than expected by consensus. I remain short but small after yesterday's cover when the shares were down $3. I expect a poor response to today's after-the-close release. The stock is down nearly $3 after closing up $2-plus in the regular session. American Express (AXP) beat but guidance is poor. Another Buffett holding with a leaking "moat" by virtue of losing its brand premium and value. Twitter (TWTR) continues its modestly better action. Potash (POT) was weak in a stronger sector, where both Monsanto (MON) and Culp (CFI) finished higher. Oaktree Capital Group (OAK) was flattish.  I spent the last year shorting
By

Doug Kass

 | Jan 19, 2016 | 5:48 PM EST
Another day, another win for the bears. Soaring futures action succumbed to more selling in the afternoon. A late-day stick save prevented the 2016 streak of down days to continue. But the S&P was only up by one handle. As Grandma Koufax used to say, "Dougie, it could have been worse!" The U.S. dollar weakened, but dollar-sensitive exporters and multinationals prospered absolutely and relatively. Oil was down another $1.17 per barrel. Natural gas was flat. In oil equities, Exxon Mobil (XOM) gave up some of its recent gains; I sold my U.S. Oil Fund (USO) last week. Gold was down $3.70. I sold my SPDR Gold Shares (GLD) last week. Agricultural commodities were mixed, with wheat down a tad but corn up four cents and soybeans up two cents. Oats rose 10 cents and lumber was up 1%. Bonds were for sale; most maturities gained two basis points today in yield. Municipals were flat, closed-end municipal bond funds weakened, and high yield was junky; iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 27 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 16 cents.    Blackstone/GSO Strategic Credit Fund (BGB) weakened ... again. It can't get out of its way despite the elevated yield and wide discount to net asset value. I added small today. Banks were mixed after better results at Bank of America (BAC). I will have an update and assessment (hint: there is no change in my view) on the BAC, Citigroup (C) and JPMorgan Chase (JPM) quarters in the next two days. Life insurance stocks (I am short) don't appear to have a bottom.  Retail was mixed , though two of my holdings -- Best Buy (BBY) and Bed Bath and Beyond (BBBY) -- turned south ... hard. Biotech was schmeissed again, with weakness in primary and secondary sector names. I am watching speculative Intrexon (XON) for an entry point. Old tech was taken to the woodshed, with IBM (IBM) faltering for the umpteenth time after the close. (I wasn't around, but the guidance from Intel (INTC) was horrible, perhaps laying a foundation of further weakness ahead for old tech.) Potash (POT) was weaker within a floundering fertilizer group. Twitter (TWTR) continues without a bid. The shares were probably lower because of a worldwide problem with the site. Oaktree Capital Group (OAK) excelled. (T)FANG was mixed, but the acronym has been weak of late, per my opener.  NOSH was tasty, led by O'Reilly Automotive (ORLY).  CRABBY was flattish. Some of my favored shorts on my Best Ideas List -- e.g., Disney (DIS), Comcast (CMCSA) and Apple (AAPL) -- continued to falter and had little or no rally in 'em.  I bought the weakness in SPDR S&P 500 ETF (SPY) this afternoon and added to Citigroup and Bank of America. I re-established a Hartford Financial Services Group (HIG) long against my MetLife (MET) and Lincoln Financial (LNC) shorts. I moved my net long exposure higher today. Here is why, as outlined here and here.
By

Doug Kass

 | Jan 12, 2016 | 10:38 AM EST
The market's move higher has met with resistance and a rather sharp pullback among some individual stocks from their early highs.
By

Doug Kass

 | Jan 11, 2016 | 10:12 AM EST
Macy's (M) Wal-Mart (WMT) Bed Bath & Beyond (BBBY) Best Buy (BBY)
By

Jeremy LaKosh

 | Jan 8, 2016 | 4:00 PM EST

The stock is near a 52-week low, but operational metrics look mixed.

Should read... The U.S. dollar continued to experience WEAKNESS

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JPMorgan Chase's CEO Jamie Dimon buys 500K shares of the company - CNBC, citing DJ

Bunge (BG) reported so-so earnings today while warning the new year is starting off dully....

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