Raymond James analyst Bobby Griffin has reiterated an Underperform rating on the shares of Bed Bath & Beyond Inc (NASDAQ: BBBY ). The analyst said the company’s Q2 sales were relatively in-line with its August 31 business update, while adjusted EBIT came in below his and consensus expectations, primarily driven by higher-than-anticipated SG&A. He added that the management reaffirmed its FY22 guidance elements given during its business update as its recent initiatives (national brand inventory build, … Full story available on Benzinga.com
Friday''s additional top analyst upgrades and downgrades were on Agnico Eagle Mines, Bed Bath & Beyond, Century Aluminum, Micron Technology, Voya Financial and more.
Upgrades According to TD Securities, the prior rating for Brookfield Renewable Partners LP (NYSE: BEP ) was changed from Buy to Action List Buy. Brookfield Renewable earned $0.03 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Brookfield Renewable shows a 52-week-high of $41.95 and a 52-week-low of $30.85. Moreover, at the end of the last trading period, the closing price was at $30.94. Citigroup upgraded the previous rating for Agnico Eagle Mines Ltd (NYSE: AEM ) from Neutral to Buy. In the second quarter, Agnico Eagle Mines showed an EPS of $0.75, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.14 and a 52-week-low of $36.69. Agnico Eagle Mines closed at $41.43 at the end of the last trading period. For Bed Bath & Beyond Inc (NASDAQ: BBBY ), Odeon Capital upgraded the previous rating of Sell to Hold. In the second quarter, Bed Bath & Beyond showed an EPS of $3.22, compared to $0.04 from the year-ago quarter.
After a 28% drop in sales and $500 million in negative equity, according to an analyst, Bed Bath & Beyond stock looks overvalued
Bed Bath & Beyond just released earnings showing that it has suffered large operating losses. Find out why I recommend avoiding BBBY stock.
Its latest earnings report was another disappointment.
Results preview for the stock with consensus metrics and other company analysis American home goods retailer Bed Bath & Beyond (NASDAQ:BBBY) is scheduled to announce second quarter results to the market on Thursday morning (29th September) before market open. BBBY is covered by a range of institutions and analysts across the street who are expecting […]
Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares are trading marginally … Full story available on Benzinga.com
Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares have fallen back to Earth following a short-squeeze induced rally in mid-August. The struggling retailer will have a chance to show that operations are improving when it reports earnings later this week. What To Know: Retail excitement around the home furnishings company really picked up when GameStop chairman Ryan Cohen purchased a stake in Bed Bath & Beyond in March. Near the beginning of August, Bed Bath & Beyond shares began surging alongside GameStop Corp (NYSE: GME ) and AMC Entertainment Holdings Inc (NYSE: AMC ) as retail traders highlighted high short interest in the names across social media platforms. The stock really took off when traders began … Full story available on Benzinga.com
The S&P 500 dipped back into bear market territory last week, but the bottom hasn’t fallen out… at least, not yet. In last week’s livestream , we explored the fallout from the Fed announcement and looked to speculate future Fed action as the rest of the year progresses. We also examined the Fed’s updated economic projections going all the way out to 2025, which pointed to an economic slowdown. Whether that happens remains to be seen, but it’s hard to look on the bright side when investors seem to have such a negative outlook. Pain Across the Pond The Bank of England raised its target rate by 50 basis points (0.5%) last week. However, traders are convinced the bank will have to do it again to counteract a new tax-cut/stimulus plan created by the new prime minister’s government. Bond traders see the need for a much larger hike to stem the decline of the pound and to control inflation. This is a problem for the markets. Basically, Liz Truss, the new PM, plans to cut taxes, which means the BOE will have to raise rates faster than anyone was planning on, and the economy could slow faster than expected.
Bed Bath & Beyond will report second-quarter earning this week. Here''s what investors need to know.
Dow Jones falls, Nasdaq pares losses; IBD 50 stock hits buy point; personal consumption data and Micron earnings on tap.
Prior stock repurchases have put Bed Bath & Beyond into currently having very serious financial problems. Read more to see why I rate BBBY stock a sell.
Source: Shutterstock.com Lava Therapeutics (NASDAQ: LVTX ) stock is rocketing higher on Monday as investors react to news of an exclusive global license agreement with Seagen (NASDAQ: SGEN ). This agreement has Seagen agreeing to develop, manufacture and commercialize LAVA-1223. This is an advanced preclinical asset that makes use of Lava Therapeutics’ proprietary Gammabody technology. This allows it to target epidermal growth factor receptor (EGFR)-expressing solid tumors. That agreement has Seagen making an upfront payment of $50 million to Laval Therapeutics. It also includes up to $650 million in payments from development, regulatory and commercial milestones. To go along with that, Seagen will also be paying Lava Therapeutics royalties on sales of the drug. The royalty rate ranges from single digits to the mid-teens. LTVX’s CEO Comments on the Agreement Stephen Hurly, president and CEO of Lava Therapeutics, said the following about the deal. This agreement enables LAVA to further validate its platform in a second solid tumor product candidate, bringing us closer toward our goal of generating effective Gammabody medicines for cancer patients.
Source: Matthew Troke / Shutterstock.com Ideanomics (NASDAQ: IDEX ) stock is rising on Monday after the electric vehicle (EV) company revealed plans for new in-house design capabilities . According to a press release from the company, it’s looking to create a standardized design process across the company. It believes this will lead to the development of a more cost-effective and efficient development process. Adding to this, the company is working to develop a modular design for its various products. This will allow it to better meet the needs of its customers when designing and developing EVs and EV chargers. Ideanomics says that this approach will allow for low-cost customization by customers during the building process. IDEX Designers Will Act As Consultants Too Ideanomics’ in-house design studio will also work alongside third parties with its consulting services. The company anticipates this will act as another way for the development studio to generate revenue. Carlos Arroyo, chief designer at Ideanomics, said this in a news release. “During every step of the design process, we are putting the customers’ needs first.
Amid increased worries on Wall Street about Bed Bath & Beyond’s (NASDAQ: BBBY ) ability to pay its bills, the beleaguered retailer is slated to hold a post-earnings conference call on Thursday, Sept. 29. When analyzing the call, the owners of BBBY stock should assess the retailer’s financial condition, the chances that it will have to issue more shares of its stock, any news about the state of its business, and its forecasts for the holiday shopping season. BBBY Stock and Financial Issues On Aug. 31, the retailer announced that it would eliminate “a third of its owned brands” lay off 20% of the employees in its “corporate and supply chain” divisions and close 150 of its top stores. Bed, Bath, and Beyond also disclosed that it had obtained access to an additional $500 million. Despite these steps, multiple Wall Street analysts expressed concerns about the company’s solvency . For example, on Sept. 1, S&P Global lowered its rating on BBBY’s “senior unsecured notes to “CCC-” from “CCC.” The firm warned that the retailer’s ability to pay off the notes had declined “given [its] greater amount of priority debt.” S&P now believes that Bed, Bath & Beyond’s ability to redeem the unsecured notes fully is “modest… in the event of a default.” The firm added that “we believe BBBY’s turn-around prospects remain very weak based on its ongoing cash burn, unfavorable macroeconomic conditions, and our view that its vendor relationships could be strained.” Similarly, on Sept. 1, Bank of America cut its price target on BBY stock to $2 from $2.40, as the firm thinks that the company’s cash burn rate could increase if the retailer’s vendors impose more unfavorable payment terms on it.
Next week will see earnings from Nike (NKE), Micron (MU), Cracker Barrel (CBRL), Thor Industries (THO), Paychex (PAYX), Carmax (KMX), Bed Bath & Beyond (BBBY) and Rite Aid (RAD).
Usually, the winter season brings levity to people as the holidays approach, but the chilly economic nature this year brings up the uncomfortable topic of retail stocks to sell. Fundamentally, Federal Reserve Chair Jerome Powell indicated that his top priority is controlling inflation . What’s more, Powell made good on his statements, with the central bank raising the benchmark interest rate . Moving forward, it’s not so much about the rate hike itself (up 0.75%) that matters. Instead, it’s all about intentions. Essentially, the Fed will do whatever it takes to get inflation under control. If that means constantly raising rates until the target is achieved, that is what will happen. Naturally, stocks to sell became a hot topic — and not just for the retail segment. However, retail does garner a disproportionate amount of the negative spotlight because people can always cut back on discretionary spending. Therefore, investors will want to be extra cautious about the following stocks to sell.
Shares of AMC Preferred Equity Units , known as "APEs," tumbled 13.3% in midday trading Thursday, as the trading vehicle of AMC Entertainment Holdings Inc.''s special dividend headed toward a fifth straight loss and new lows. The "APE" shares, a nod to investors who turned a movie theater operator into a "meme" stock, have plunged 36.1% amid a five-day losing streak, and were trading 42.5% below where they closed ($6.00) on their first day of trading on Aug. 22. Meanwhile, AMC shares shed 7.6% amid a selloff in the broader stock market and fellow "meme" stocks, as a continued surge in interest rates spooked investors. The S&P 500 shed 0.7%, while shares of GameStop Corp. sank 3.9% and of Bed Bath & Beyond Inc. slid 4.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
A mountain of debt and strained relationships with merchandise providers could cripple Bed Bath & Beyond''s attempt to bounce back.
In last trading session, Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw 8.68 million shares changing hands with its beta currently measuring 1.59. Company’s recent per share price level of $7.27 trading at -$0.33 or -4.34% at ring of the bell on the day assigns it a market valuation of $637.07M. That closing price of BBBY’s … Bed Bath & Beyond Inc. (NASDAQ:BBBY) Currently -313.48% Below Its 52-Week High But The Downside Potential May Surprise You Read More »
Bed Bath & Beyond (BBBY) stock has moved up and down, and there is only one analyst who gave the correct forecast every time. Analyst Seth Basham of Wedbush has given 14 ratings on BBBY stock, most recently at the beginning of September. His Buy and Sell calls were proven correct 100% of the time. Basham has a great track record when it comes to BBBY stock. In fact, an investor who traded in sync with all 14 of Basham''s ratings on BBBY would have seen a return on investment of more than 247%! You can see all of Basham''s ratings on the stock in the chart below.
NEW YORK (AP) — Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales, a company spokesperson confirmed on Tuesday. The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta. But the pandemic as well as surging supply chain costs have exerted even more of a financial toll on the retailer. And last week, Gap and Kanye West ended their partnership to distribute the rap artist’s clothing line under the Yeezy name. The partnership was announced two years ago with much fanfare. As of Jan. 29, the company had a workforce of roughly 97,000 employees; 9% of them or roughly 8,700, work in corporate sites. The news comes as a string of other retailers have trimmed their staffing including Walmart, Best Buy and Peloton. Home goods retailer Bed Bath & Beyond, based in Union, New Jersey, said earlier this month that it will close about 150 of its namesakes stores and slash its workforce by 20%.
SAN DIEGO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- The Class : Shareholder rights law firm Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Bed Bath & Beyond Inc. (NASDAQ: BBBY) common stock between March 25, 2022 and August 18, 2022, for violations of the Securities Exchange Act of 1934. BBBY operates a nationwide chain of retail stores.
Bed Bath & Beyond (NASDAQ: BBBY ) will host a conference call at 08:15 AM ET on September 29, 2022, to discuss Q2 2022 earnings results. How to Attend Bed Bath & Beyond (BBBY) Conference Call Follow this link to access the live webcast. To listen to the call, dial 1-866-374-5140 (US) or 1-404-400-0571 (International) What Is … Full story available on Benzinga.com
Meme traders are addicted to searching Reddit, Discord, and WhatsApp for undervalued, easily manipulatable stocks to squeeze. First, GameStop and AMC led the charge in 2021, opening up an entire base of new investors. Next, investors flocked to Bed Bath & Beyond after it was revealed that Ryan Cohen owned a significant stake in the company, pushing the stock up 300% in 17 days, which then fell sharply in the days following after documents revealed the activist investor had sold his entire stake. Now, attention has shifted to a stock that is down 90% year-to-date, but up 150% over the last month. Read more: Kevin O''Leary Applauds Activist Stake In Wix Stock: ''They Stop Idiot Management From Making Stupid Mistakes'' What happened: Avaya Holdings Corp (NYSE: AVYA ), a company that specializes in … Full story available on Benzinga.com
In the current trading session, Bed Bath & Beyond Inc.’s (BBBY) stock is trading at the price of $7.87, a fall of -1.89% over last night’s close. So, the stock is trading at a price that is -73.82% less than its 52-week high of $30.06 and 79.65% better than its 52-week low of $4.38. Based […]
Here are Monday''s biggest calls on Wall Street.
The $1.2 billion suit -- which alleges a "pump and dump" stock scheme -- was handed over to a new law firm last week, even as legal experts question its prospects in court.
Bed Bath & Beyond recently lined up over $500 million of new financing. That won''t last long.
NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Lottery.com, Inc. (NASDAQ: LTRY, LTRYW), NIO, Inc. (NYSE: NIO), Bed Bath & Beyond, Inc. (NASDAQ: BBBY), and Dingdong (Cayman) Ltd. (NYSE: DDL). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
The closures are part of the retailer''s turnaround plan, which calls for shuttering 150 stores.
Bed Bath & Beyond revealed the locations of more than 50 of the 150 stores it''s planning to close, ranging from Arizona to Washington state.
Bed Bath & Beyond revealed the locations of more than 50 of the 150 stores it''s planning to close, ranging from Arizona to Washington state.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares, rose in value on Thursday, September 15, with the stock price up by 1.14% to the previous day’s close as strong demand from buyers drove the stock to $8.86. Actively observing the price movement in the recent trading, the stock is buoying the session at $8.76, falling within … Bed Bath & Beyond Inc. (NASDAQ: BBBY) Up 1.14%: This Is What Analysts Now Expect Read More »
AMC Entertainment (NYSE: AMC) and Bed Bath Beyond (NASDAQ: BBBY) aren’t only known for feature films and shower curtains. They’re also famous as t…
Reuters Google And Facebook Parent Fined Millions Of Dollars By South Korea Over Privacy Law Violations South Korea has imposed fines to the tune of millions of dollars on Alphabet Inc''s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google and Meta Platforms Inc (NASDAQ: META ) following accusations of privacy law violations. The Personal Information Protection Commission said it fined Google 69.2 billion won ($50 million) and Meta 30.8 billion won ($22 million). COVID-19 Vaccine Supply To China? Moderna CEO Says Capacity Available Moderna Inc''s (NASDAQ: MRNA ) CEO Stephane Bancel said the company has talked with the Chinese government about supplying COVID-19 vaccines, but no decision has been made. "We are open. We have the capacity," Bancel said but declined to say whether Moderna had submitted its vaccine for approval in the country. Bed Bath & Beyond''s Interim CEO To Remain In The Job For At Least A Year Bed Bath & Beyond Inc''s (NASDAQ: BBBY ) interim Chief Executive Officer Sue Gove is likely to stay in the job for at least twelve months.
U.S. stock futures traded higher this morning ahead of the PPI data for August. Here are some big stocks recording gains in today’s pre-market trading session. MAG Silver Corp. (NYSE: MAG ) rose 8.5% to $13.78 in pre-market trading after declining around 6% on Tuesday. The company, last month, posted a rise in quarterly earnings. MiMedx Group, Inc. (NASDAQ: MDXG ) gained 5.5% to $3.65 in pre-market trading. MiMedx Group recently said that EPIFIX received reimbursement approval in Japan. Nikola Corporation (NASDAQ: … Full story available on Benzinga.com
NEW YORK — Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling retailer for at least 12 months, a source familiar with the matter said, as the chain looks to bolster its business after seeing sales plummet. The retailer, which announced a search for a new, permanent CEO in […]
Meme stock or not, it''s still a terrible long-term investment.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) marked $8.93 per share on Friday, up from a previous closing price of $8.24. While Bed Bath & Beyond Inc. has overperformed by 8.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BBBY fell by -64.75%, with highs and lows […]
Bed Bath and Beyond (BBBY) shares rose on Friday in a broad advance with all the major indices finishing strongly. This marked the first week in four
Bed Bath & Beyond Chief Financial Officer Gustavo Arnal died last week; his death was ruled a suicide. Former colleagues describe him as "full of energy" and a "funny and passionate leader." Are you a Bed Bath & Beyond employee with a story to share? Email this reporter at sjackson@insider.com . Former colleagues of Gustavo Arnal — the 52-year-old Bed Bath & Beyond executive who died after falling from a New York City building earlier this month — told Insider they were stunned by his death. Though they didn''t work with him at Bed Bath & Beyond — these coworkers were from his time as an executive at Procter & Gamble — the teammates said Arnal was "larger than life" and enjoyed digging into a big business challenge. Over the course of more than 20 years, Arnal held several senior positions at P&G, including CFO of its India, Middle East, and Africa business; CFO of Global Fabric and Home Care; and CFO of Global Personal Beauty. While at the company that makes Tide soap and Pampers diapers, he worked out of Brazil and Cincinnati, where it''s headquartered.
One former colleague says Gustavo Arnal, Bed Bath & Beyond''s late chief financial officer, exemplified "how to lead people in tough situations."
Bed Bath & Beyond''s CFO was accused of participating in a pump-and-dump scheme days before he jumped to his death. Here''s what we know about the suit.
The retailer’s leaders thought finance chief Gustavo Arnal was overwhelmed; Arnal had discussed taking a break before he died
Hi. I''m Aaron Weinman . Wall Street banks — both US and European — are quite literally turning off the spigots to preserve energy across their European offices, which are preparing for a chilling winter. Firms like JPMorgan and Deutsche Bank are shutting off hot water and water fountains to mitigate the impact of the Russian government''s decision to stop the flow of gas to Europe via the Nord Stream 1 pipeline. Russia — which was hit with sanctions after President Vladimir Putin chose to invade Ukraine — said Nord Stream 1 wouldn''t reopen until those sanctions were lifted. JPMorgan''s European offices have carried out power outage simulations , tests which help the bank prepare for a loss of power. The Russian government''s decision to stem the flow of gas to European countries — which are heavily reliant on energy from Russia — is having a knock-on effect to various parts of the global economy from utilities bills to foreign exchange volatility (stock up on your USD!). Let''s dig into it.
Based on the latest headlines, figuring out which meme stocks to buy may be the last thing on your mind. Between a continued move to “risk-off,” due to economic uncertainties, along with tragic news related to high-profile meme stock Bed Bath & Beyond (NASDAQ: BBBY ), meme mania continues to unravel. However, while we aren’t likely to see a repeat of the 2021 frenzy anytime soon, that’s not to say that stocks in the meme category are a no-go right now (as long as you focus more on fundamentals and less on Reddit chatter). Top meme plays like AMC Entertainment (NYSE: AMC ) and GameStop (NYSE: GME ) continue to trade at valuations well above their underlying values. As the speculative bubble that sent them “to the moon” continues to deflate, such names are at risk of further declines. Yet in the case of some of the secondary meme plays, following their big drops from their respective all-time highs, one can argue that investors can buy into them today, at a very favorable entry point. For instance, with these three meme stocks to buy.
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Bed Bath & Beyond Inc. ("Bed Bath & Beyond" or the "Company") (NASDAQ: BBBY) and certain of its officers, on behalf of…
One of the leading business headlines over the long early September weekend was also a ghoulish one: the suicide of Bed
- ← Previous
- 1
- 2
- 3
- …
- 15
- 16
- Next →