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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Bed Bath & Beyond Inc.    BBBY

BED BATH & BEYOND INC.

(BBBY)
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Bed Bath & Beyond : Down 9% After 1Q Results

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07/11/2019 | 09:07am EDT

By Michael Dabaie

Bed Bath & Beyond Inc. (BBBY) shares were down 9% to $10.48 in heavier-than-average volume Thursday morning.

The retailer on Wednesday said first-quarter sales were about $2.6 billion, a decrease of 6.6% on year, and in line with the FactSet consensus estimate. Comparable sales declined about 6.6%, versus the FactSet consensus for a 5.5% decline.

Adjusted EPS was 12 cents, down from 38 cents in the year-ago period, but beating the FactSet consensus of 8 cents.

Goldman Sachs initiated Bed Bath & Beyond at Sell with a price target of $11.

"The Sell rating on BBBY is based more on secular concerns as the company continues to face intense competition from many different retailers that have better value messaging as well as more optionality for delivery" Goldman analysts said.

Citigroup cut its price target on Bed Bath & Beyond to $13 a share from $18 and maintained it at Neutral.

Write to Michael Dabaie at michael.dabaie@wsj.com

Corrections & Amplifications

This story was corrected at 12:00 p.m. ET to fix the misstated day in the second paragraph. It is Wednesday, not Thursday.

This article is part of a news chaine.
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Financials (USD)
Sales 2020 11 407 M
EBIT 2020 376 M
Net income 2020 -60,0 M
Debt 2020 615 M
Yield 2020 7,22%
P/E ratio 2020 -79,3x
P/E ratio 2021 4,55x
EV / Sales2020 0,16x
EV / Sales2021 0,24x
Capitalization 1 163 M
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Technical analysis trends BED BATH & BEYOND INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 14,02  $
Last Close Price 9,36  $
Spread / Highest target 167%
Spread / Average Target 49,8%
Spread / Lowest Target 6,84%
EPS Revisions
Managers
NameTitle
Steven H. Temares Chief Executive Officer & Director
Eugene A. Castagna President & Chief Operating Officer
Leonard Feinstein Co-Chairman
Warren Eisenberg Co-Chairman
Robyn M. D'Elia Treasurer, Chief Financial & Accounting Officer
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