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BBBY

Bed Bath & Beyond Inc.

6/19/2013, 7:21 AM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, June 5, 8:59 AM Bed Bath & Beyond (BBBY) moves 1.2% higher premarket on the back of an upgrade to Buy from Neutral at Nomura (price target $82 from $72). Analyst Aram Rubinson hits the high points in terms of risk factors (ecommerce, comps, Keurig, etc), but says at 11.4x FY14 EPS estimates, the shares are cheap. Comment! [Consumer]
Friday, May 31, 8:45 AM A below par reading on personal spending for April was affected by lower gas prices and home heating bills and isn't a biting indictment on retail spending (AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, HD, JCP, JWN, KSS, LOW, LTD, M, NDN, NKE, ODP, PIR, PLCE, RSH, SKS, SPLS, TGT, TJX, URBN, WMT, WSM, ZLC), according to economists. Auto sales also cooled off just a bit in April which had an impact. So far, retail trends have been largely favorable in May as the height of the spring selling season shifted a few weeks later. 4 Comments [Consumer]
Monday, May 20, 9:09 AM Jefferies downgrades Bed Bath & Beyond (BBBY) to Hold from Buy (price target to $71 from $76) citing valuation. "The company has all the potential to become an omni-channel leader in the home furnishings retail vertical in several years' time," notes analyst John Marrin. Up until then however, it will be "a pretty bumpy ride," he says. Comment! [Consumer]
Tuesday, May 7, 12:30 PM The Internet tax bill (Marketplace Fairness Act) passed a Senate vote 69 to 17 but faces a much bigger obstacle in the House where some members are expected to draw the line on what they call a tax increase. If the bill ultimately succeeds, retail analysts see a marginal benefit for the retailers that are hit the hardest by the "showrooming effect" - Best Buy (BBY -0.8%), Bed Bath & Beyond (BBBY +0.1%), and PetSmart (PETM +0.4%) come to mind - while pegging eBay (EBAY -0.3%) as a company that might have the most to lose. 1 Comment [Consumer, U.S. Economy]
Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
Friday, May 3, 8:37 AM Bed Bath & Beyond (BBBY) is downgraded by Oppenheimer to Perform from Outperform on a valuation call. A price target of $71 on shares is set by the firm. BBBY -0.4% premarket. Comment! [Consumer]
Friday, April 26, 2:34 PM Bed Bath & Beyond (BBBY -0.8%) is one of the best bets in retail, according to SA contributor StockRiters. The solid quarter just put in the company shows that management is proficient at pulling the right levers to grow margins and the strong return on capital indicates more cash should be plowed into growth. Comment! [Consumer]
Wednesday, April 17, 12:24 PM Bed Bath and Beyond (BBBY -0.6%) has "turned the page on a difficult FY13," Jefferies says in a report, upgrading the stock to Buy and raising its price target to $76 from $72. The bar is set low going forward as the company looks forward to "a year of easy sales compares" and "low top line expectations." Echoing these sentiments is SA contributor Michael Connellan who notes BBBY "trades at just 7.5X EBITDA, a modest valuation for a highly successful liquid company." Comment! [Consumer]
Wednesday, April 10, 5:09 PM More on Bed Bath & Beyond's FQ4: Same-store sales rose 2.5% Y/Y - that's down from the year-ago period's 6.8%, but up slightly from FQ3's 1.7%. EPS is expected to total $0.88-$0.94 in FQ1, and "increase by a mid single to a low double digit percentage range" for the whole of FY14; the FQ1 guidance is below a $0.95 consensus, but the full-year guidance is in-line with a consensus for 10% growth. $305M in shares were repurchased in FQ4. BBBY +1.8% AH. CC underway (webcast). (PR) Comment! [Consumer, Earnings]
Wednesday, April 10, 4:17 PM Bed Bath & Beyond (BBBY): FQ4 EPS of $1.68 in-line. Revenue of $3.40B (+24.5% Y/Y) beats by $0.01B. Shares -2.1% AH. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 10, 12:10 AM Notable earnings after Wednesday’s close: BBBY, RT Comment! [Earnings]
Tuesday, April 9, 5:35 PM Notable earnings after Wednesday’s close: BBBY, RT Comment! [Earnings]
Monday, March 11, 3:00 PM Bed Bath & Beyond (BBBY +2.4%) catches the Barron's bounce after Andrew Barry highlights the retailer's strong history of generating profits and its modest valuation compared to peers. The company has grown without raising a penny of debt led by a strong management team and could raise the interest of a big-name buyer. If there is a nitpick for Barry, it's the company's website which hasn't generated significant buzz or churned up enough sales. Comment! [Consumer, On the Move]
Thursday, February 28, 10:57 AM The Amazon Effect quantified: A detailed study on the impact of Amazon on brick-and-mortar retailers yields some surprising results along with the expected casualties of the showrooming phenomenon. Though Best Buy (BBY +0.1%) and Target (TGT -0.7%) both rank in the top 8 by retail risk - it's Bed Bath & Beyond (BBBY +0.1%) and PetSmart (PETM +0.4%) which top the list. (white paper) Comment! [Consumer]
Tuesday, February 5, 6:56 AM Citigroup upgrades Bed, Bath & Beyond (BBBY) to a Buy rating from Hold with a fresh price target of $67. The firm thinks the retailer's valuation is lined up again at reasonable levels and sees an easier period for sales comparisons. Comment! [Consumer]
Tuesday, January 29, 9:11 AM Bernstein steps in with a defense of Bed, Bath, and Beyond (BBBY), saying at current levels the valuation on the retailer is becoming increasingly attractive. It's a take that SA author Seth Golden appears to agree with as he dissects the stock to find some of the concerns over online competition and slowing momentum in the firm's at-home beverage carbonation category as overblown. Comment! [Consumer]