We believe that softening demand, inventory shortages, and a low amount of cash in hand will lead to another sizable loss in Q1 and hinder BBBY from turning its business around. It opened the day at 0. Equity ratings for Bed Bath Beyond are calculated daily based on our. In addition, management stated in its Q4 earnings call that they would continue with their turnaround plans, rejecting Ryan Cohen’s proposal to sell buybuy BAB BABY. Bed Bath & Beyond (BBBY) is a leading specialty retail business based in the US. Get the latest Bed Bath detailed stock quotes, stock trade data, stock price info. The retailer’s financial performance reflects poorly on its execution, projecting doubt about its ability to turn things around. According to court filings released today, Overstock placed a bid in an attempt to buy Bed. Although the efforts are aimed at improving technologies and supply chains in the long term, we still haven’t seen any results. Bed Bath & Beyond Inc (OTC:BBBYQ) shares are trading higher Thursday following reports that Inc (NASDAQ:OSTK) emerged as a stalking-horse bidder. 2 days ago &0183 &32 The online retailer just placed a 21.5 million bid for Bed Bath’s assets as its stalking horse bidder.
That said, the company’s stock appears expensive at the current levels, with a modest 5% discount from the current market price.īBBY is undergoing a transformation started in 2021, which aims to fundamentally rebuild the company. Given the changes to our revenues and RPS forecast, we have revised Bed Bath & Beyond’s Valuation to $8 per share, based on a $73.25 expected RPS and a 0.1 P/S multiple for the fiscal year 2022. Looking at the bottom line, we now forecast revenue per share estimate to come in at $73.25.
We forecast Bed Bath & Beyond’s Revenues to be $7.27 billion for the fiscal year 2022, down 8% y-o-y.
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