Bed Bath & Beyond Inc (BBBY)

pos +0.30
Today's Range: 55.03 - 55.52 | BBBY Avg Daily Volume: 2,302,800
Last Update: 11/27/15 - 1:00 PM EST
Volume: 970,580
YTD Performance: -27.62%
Open: $55.18
Previous Close: $55.13
52 Week Range: $52.28 - $79.64
Oustanding Shares: 166,891,718
Market Cap: 9,200,740,413
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 5 6 6 6
Moderate Buy 0 0 0 0
Hold 12 11 11 11
Moderate Sell 1 1 1 1
Strong Sell 1 1 1 1
Mean Rec. 2.59 2.49 2.49 2.49
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 10.79
Price Earnings Comparisons:
BBBY Sector Avg. S&P 500
10.79 10.80 32.68
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-8.22% -24.54% -8.36%
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:
Revenue 11.88B
Average Earnings Estimates
Qtr (11/15) Qtr (02/16) FY (02/16) FY (02/17)
Average Estimate $1.18 $1.92 $5.20 $5.51
Number of Analysts 14 14 17 17
High Estimate $1.21 $2.04 $5.33 $5.75
Low Estimate $1.16 $1.86 $5.06 $5.05
Prior Year $1.19 $1.80 $5.03 $5.20
Growth Rate (Year over Year) -0.72% 6.90% 3.46% 5.86%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

Researching Bed Bath & Beyond Real Money Pro($)

I don't think much is going to happen in the markets over the half-hour or so that remains in today's shortened session (famous last words). So, I'm going to use the time to do a little field work by visiting the three stores that Bed Bath & Beyond (BBBY) runs near my home.

Ringing Up More Retail Stocks Real Money Pro($)

Retail has begun to act better in the last two trading days.
I spent most of my day with the koala bears at the zoo! Stocks rallied smartly from the morning lows and then sold off near the close. The U.S. dollar was flattish. Bonds were also unchanged. Municipals had a bid. I continue to sell down my closed-end municipal bond funds. Crude rallied. Energy stocks rallied. Banks sold off, as expected. Staples were stronger. Biotech was flat. Allergan (AGN) rallied after yesterday's weakness and Valeant Pharmaceuticals (VRX) was disappointing in light of Ackman upping his position. Retails were up and down; my recent buys of Bed, Bath & Beyond (BBBY) and Best Buy (BBY) fared well. (T)FANG -- Tesla (TSLA), Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, now Alphabet (GOOGL) -- broadly lower. NOSH -- Nike (NKE), O'Reilly (ORYL), Starbucks (SBUX) and Home Depot (HD) -- mixed as HD rallied. Disney (DIS) and Comcast (CMCSA) suffered - both on my Best Ideas List (short).  I did little today. Tomor
Retail giant is way below 52-week highs despite good fundamentals.
BBY has been quietly exiting some low-margin or money-losing businesses, freeing up cash and management time in the process. The chain reported a 6% overall sales decline, but comparable-store sales rose 0.8%. EBITD also increased by 8.5% and has almost doubled in three years. No one is looking at things on that basis. All-important online sales grew 18%, a figure that suggests gains vs. all of retailing (although not necessarily vs. AMZN). Reflecting the generation of strong free cash flow, interest costs fell by $5 million, or 23%. Pretax profits grew a solid 21% on an as-reported basis. Earnings per share rose 20% -- far more than the average U.S. corporate or retail EPS. Reflecting confidence in its outlook, BBY has begun quietly buying back its stock, making $385 million of purchases since Jan. 1. Share count has declined 2.8% from its first-quarter peak, dropping by 1.5% in the latest quarter alone. Cash flow also covers interest almost 30 times over, so the company has a good margin of safety. Management's fourth-quarter forecast calls for lower sales and EBIT margin pressure, but some of that stems from the fact that the Super Bowl will take place in the next quarter. (The NFL championship game is all-important to the consumer-electronics industry). And having watched this management team since it appeared on the scene a few years ago, I have yet to see a forecast that BBY didn't ultimately exceed. The economy and energy prices are big tailwinds, although Best Buy has a significant business in troubled Canada. I also think BBY will benefit from a market-cycle transition currently underway in television sets, as well as from and what could be terminal problems at Sears Holdings (SHLD). That should boost BBY's appliance sales. Best Buy also sells products from Apple (AAPL), which should help results as well. Operating leverage is a positive force during
I missed nothing as the market flatlined all afternoon. Here is the intraday on SPDR S&P 500 ETF (SPY).   In commodities land: oil down 16 cents (barely above $40/barrel), natural gas down eight cents, gold up $13/ounce, silver up 15 cents/ounce, copper marginally lower, wheat up $7.25, corn up 0.6%, coffee up $7.30 (that's a big move) and lumber up smartly by $8.60 to $247.  High yield continues junky. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) took a nearly 1% hit and SPDR Barclays High Yield Bond ETF (JNK) similarly lower. Chesapeake Energy (CHK) debt down $18 in last two days. Veritas hung deal -- I discussed previously. Some of my bearish market view stems from the weakness in junk and the widening spreads. But, for now, the markets are not paying attention. The U.S. dollar weakened, against consensus/speculators who seem to be large the U.S. dollar long. Municipals were bid better and closed-end muni funds were broadly higher (I continue to sell into the strength). Banks were marginally higher-- good performance in light of recent strength. Retail mixed. Favs Macy's (M) and Bed Bath & Beyond (BBBY) slightly lower while Wal-Mart (WMT) was unchanged. Autos continue their rally. Health care weak on the UnitedHealth Group's (UNH) warning earlier in the day. Oils gave up some of yesterday's gains. Exxon Mobil (XOM) and Schlumberger (SLB) -- my two shorts -- down large fractions. (T)FANG -- Tesla (TSLA), Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, now Alphabet (GOOGL) -- was five for five lower, but marginally so as none of the ingredients had a major move down NOSH -- Nike (NKE), O'Reilly (ORYL), Starbucks (SBUX) and Home Depot (HD) -- was weaker except a strong gain for NKE. Gap (GAP) lowers 2015 earnings per share view from a range of $2.75 to $2.80 to a range of $2.38 to $2.42. Stock down by 2% after hours. Nike declares large buyback and 2-for-1 split.  Shares up about $4 after hours. Williams-Sonoma (WSM) beats but moves EPS and sales guidance lower (EPS to a range of $1.52 to $1.62 versus consensus of $1.67). Shares down about $3 after hours. Apple (AAPL) stood out today on the upside, Allergan (AGN) on the downside (down almost $9 on the day, though it's up almost $6 after hours). See below on new tax rules and my Comments Section back and forth with Bobby Lang. Speaking of Allergan, Treasury just gave details on new inversion rules to protect its own tax base. Biotechs reversed yesterday's gains and were down by nearly 2%. Valeant Pharmaceuticals (VRX) was a standout, up almost 16% on the day. The Treasury's anti-inversion rules should put a brake on some biotech M&A activity Square (SQ) initial public offering better received than I expected. Square's big brother, Twitter (TWTR), continuing its rally from the recent lows. New lows in Hedge Fund Hotel SunEdison (SUNE). Carleton English, Jim "El Capitan" Cramer and I weighed in on the stock today on TheStreet.
Our Comments Section has improved greatly over the last month or so, and I encourage our subscribers to occasionally visit it during the trading day!

Today's Trades and Orders Real Money Pro($)

Bonds are well bid this morning, with the iShares 20+ Year Treasury Bond ETF (TLT) up $0.85 as I write this. I'm using the strength to further reduce my exposure to closed-end municipal-bond funds, which I've been selling since last week. I'm adding to my long of the Blackstone/GSO
Jim "El Capitan" Cramer's opening missive, 4 Home Improvement Stocks to Buy and How to Do It, provides a good tactical outline for the retailing segment that includes Lowe's (LOW) and Home Depot (HD).

My Current Strategy Real Money Pro($)

Many are claiming after the fact that they anticipated and fully understand the rally we've seen this week following the Paris terrorist attacks and the Federal Reserve's clear indication of a December rise in interest rates. But I don't have a full explanation.

Columnist Conversations

Market flat in shortened trading day despite China's markets having biggest plunge of month as authorities cra...
Disney options among the most active as shares slip nearly 3% following poor ESPN numbers. Nearly 30K contract...
Top selling Black Friday items:


News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.