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Wed, Jan. 27, 7:51 AM
- KeyBanc Capital is taking a negative view of the home furnishings and merchandise sector.
- Haverty Furniture (NYSE:HVT) is downgraded to Sector Weight from Overweight.
- Pier 1 Imports (NYSE:PIR) is taken to Sector Weight from Overweight.
- Bed Bath & Beyond (NASDAQ:BBBY) is set at Underweight after being slotted at Sector Weight previously. BBBY -2.72% premarket to $42.86.
Thu, Jan. 21, 10:34 AM
- Stocks tied to consumers pouring money into their houses are ripping gains today. The rally includes home improvement, home building, and home furnishings stocks.
- Gainers include Profire Energy (PFIE +10.1%), Pier 1 Imports (PIR +3.9%), Lumber Liquidators (LL +3.3%), Home Depot (HD +3.9%), Restoration Hardware (RH +2.7%), Bed Bath & Beyond (BBBY +1.7%), Haverty Furniture (HVT +1.1%), Beacon Roofing (BECN +2.1%), Lowe's (LOW +2.4%), Kirkland's (KIRK +3%) and Sears Hometown and Outlet Stores (SHOS +1.9%).
Fri, Jan. 8, 7:45 AM
- The bottom line at Bed Bath & Beyond (NASDAQ:BBBY) is under pressure with a higher mix of sales coming from the e-commerce channel.
- Comparable digit sales were up over 25% during FQ3, while the comp derived from stores was in the low single digits.
- Operating profit fell 21% Y/Y during the quarter on flat revenue growth.
- During the earnings conference call (transcript), management said they expect digital to continue to outpace store sales growth which will be a factor in how Bed Bath & Beyond will manage its real estate portfolio.
- BBBY +1.05% premarket to $47.00.
Thu, Jan. 7, 4:18 PM
Wed, Jan. 6, 5:35 PM
Fri, Jan. 1, 4:53 AM
- Dow: NKE +29%; HD +27%; MCD +25%; GE +21%; V +16%.
- S&P 500: NFLX +135%; AMZN +119%; ATVI +90%; NVDA +61%; CVC +54%.
- Nasdaq: NFLX +135%; AMZN +119%; CTRP +104%; ATVI +90%; NVDA +61%.
- Dow: WMT -29%; CAT -28%; AXP -26%; CVX -21%; UTX -18%.
- S&P 500: CHK -77%; CNX -77%; SWN -75%; FCX -71%; FOSL -67%.
- Nasdaq: MU -59%; WDC -47%; STX -47%; VIAB -46%; BBBY -37%.
Dec. 29, 2015, 12:11 PM
- A report from MasterCard on a 7.9% increase in holiday spending is creating some optimism that retailers selling in certain categories could surprise with Q4 earnings.
- Double-digit sales gains were recorded for furniture spending (RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK) and women's apparel (NWY, LB, ASNA) while the men's apparel and electronics categories were left behind.
- A late sales rush is also usually a positive sign for Signet (NYSE:SIG) and Tiffany (NYSE:TIF).
- Previously: Late rush may have turned holiday season around (Dec. 28)
Dec. 23, 2015, 7:45 PM
- Bed Bath and Beyond (NASDAQ:BBBY) fell 4.5% in today’s trade to four-and-a-half-year lows after reporting weaker than expected preliminary FQ3 results and holiday comparable sales.
- The results prompt concern that BBBY is losing market share to competitors and customers preferring to shop online; BB&T Capital sees "no turn in sight” for the retailer’s results and maintains its Hold rating.
- SunTrust Robinson Humphrey downgrades shares to Neutral from Buy with a $55 price target, cut from $75, citing uncertainty over economic growth and valuations of floor space in 2016; BBBY's "rather mature store base makes it difficult to overcome lackluster sector trends," SunTrust says.
- Citi reiterates a Neutral rating on the stock but with a reduced $52 price target, cut from $60, and Wedbush slashes its target to $48 from $62 while also reiterating its Neutral rating.
Dec. 23, 2015, 9:12 AM
Dec. 22, 2015, 7:16 PM
- Bed Bath & Beyond (NASDAQ:BBBY) is off 5.3% after hours following a preview of its Q3 results that came in below the company's expectations.
- The company says net sales for its Q3 were about $3B -- up just 0.3% Y/Y, when it had forecast an increase of 1.8%-4%. Comparable sales look to have dropped 0.4% (or flat in constant currency).
- With that baseline, the firm now sees comparable sales from the beginning of Q4 through Christmas up 1%.
- The disappointing sales also point to an expected EPS of $1.07-$1.10 for Q3, lower than the company's previously expected $1.14-$1.21 (and consensus expectations for $1.17).
- It'll report Q3 results after the close on Jan. 7.
Dec. 8, 2015, 11:31 AM
- It's breakout time for some stocks tied to home furnishings and home improvement.
- Mattress Firm (MFRM +3.4%), Williams-Sonoma (WSM +1.4%), Select Comfort (SCSS +1.7%), American Woodmark (AMWD +2.7%), Bassett Furniture (BSET +0.1%), Bed Bath & Beyond (BBBY +0.3%), and Kirkland's (KIRK +0.7%), Restoration Hardware (RH +1.1%) are all comfortably ahead of market averages.
- Home Depot (HD +0.1%) and Lowe's (LOW +0.9%)are also putting in modest gains.
Oct. 5, 2015, 10:40 AM
- Shares of Bed Bath & Beyond (BBBY +2.4%) are active on unconfirmed rumors JPMorgan has been tasked with exploring a sale of the company.
- Bed Bath & Beyond has been viewed as a potential target for most of the year amid its share price slide.
Sep. 24, 2015, 4:17 PM
- Bed Bath & Beyond (NASDAQ:BBBY): FQ2 EPS of $1.21 in-line.
- Revenue of $2.99B (+1.7% Y/Y) misses by $40M.
Sep. 23, 2015, 5:35 PM
Aug. 13, 2015, 8:50 AM
- The furniture and home furnishing stores category RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK outperformed in today's report on retail sales.
- Sales were up 0.8 Y/Y and 6.1% Y/Y in July for the housing-related category.
- Department stores (KSS, JCP, SHLD, JWN, M) showed sluggish traffic trends again, sales were down 0.8% M/M and slumped 2.7% Y/Y.
- Sales in the food services category were up a solid 9.0% Y/Y.
- U.S. Census Bureau Retail Sales report (.pdf)
- Previously: July U.S. Retail Sales: +0.6% (Aug. 13 2015)
Aug. 10, 2015, 3:10 PM
Bed Bath & Beyond Inc operates a chain of retail stores. It operates under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon and Harmon Face Values, buybuy BABY & World Market or Cost Plus World Market.
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