Bear of the Thursday: Bed Bath & Beyond (NASDAQ:BBBY)

Shares of Bed Bath & Beyond Inc. (NASDAQ:BY) above +3.66% and ended at $18.12. The stock’s market capitalization arrived at $2.581B and total traded volume was 12,096,492 shares. The stock has a 52-week highest price of $40.33 and its 52-week lowest price was called at $17.19. During last trade, its maximum trading price was registered $18.61 and it’s the minimum trading price was noted $17.35.

The average true range of Bed Bath & Beyond Inc.’s (BBBY) is recorded at 0.89 and the relative strength index of the stock stands 34.73. The stock price is going above to its 52 week low with 5.41% and lagging behind from its 52 week high with -55.07%. Analyst recommendation for this stock stands at 3.40. A look on the firm performance, its monthly performance is -18.60% and a quarterly performance of -22.56%. The stock price is trading downbeat from its 200 days moving average with -23.69% and down from 50 days moving average with -15.02%.

Falling Estimates

Analysts have slashed their estimates for the company after weak guidance.  Zacks Consensus Estimates for the current and next fiscal year have fallen to $2.36 per share and $2.02 per share from $2.76 and $2.53 respectively, before the results. Falling estimates sent the stock to a Zacks Rank #5 (Strong Sell).

Us Stock Market Summary

U.S. stock market-index futures pointed to a roughly flat open today, putting the main gauges on track for a 2nd-straight day of muted action. The equity market is staying on course for a weekly gain, boosted by enthusiasm over 1st-quarter earnings ,according to Market Watch.

Dow Jones Industrial Average futures YMM8, -0.06 percent dipped by 16 points, or less than 0.1 percent, to 24,717, while S&P 500 futures ESM8, -0.10 percent shed 2.95 points to 2,706.75. Nasdaq-100 futures NQM8, -0.12 percent shed 8.50 point to 6,835.

On Wednesday, the Dow DJIA, -0.16 percent closed slightly lower, hurt by a selloff for IBM IBM, -7.53 percent after the tech giant’s latest results, while the S&P 500 SPX, +0.08 percent and the Nasdaq Composite COMP, +0.19 percent edged up.

BBBY Stock News and Fiscal 2017 Fourth Quarter Results

Bed Bath & Beyond Inc. (BBBY) recently stated financial results for the fiscal fourth quarter (14 weeks) and full year (53 weeks) ended March 3, 2018.

For the fiscal 2017 fourth quarter (14 weeks), the Company stated net earnings of $1.41 per diluted share ($194.0M), which included a net unfavorable $10.5M tax expense related to the Tax Cuts and Jobs Act of 2017 (the Tax Act).  Not Including the net unfavorable impact from the Tax Act, net earnings per diluted share in the fiscal 2017 fourth quarter would have been $1.48.  Net earnings for the fiscal 2016 fourth quarter (13 weeks) were $1.84 per diluted share ($268.7M).

Net sales for the fiscal 2017 fourth quarter (14 weeks) were about $3.7B, an raise of about 5.2% from the previous year quarter (13 weeks).  Comparable sales in the fiscal 2017 fourth quarter (14 weeks) reduced by about 0.6%, and included strong sales growth from the Company’s consumer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.

Fiscal 2017 Full Year Results

For the fiscal full year (53 weeks), the Company stated net earnings of $3.04 per diluted share ($424.9M), which included a net unfavorable $10.5M tax expense related to the Tax Act, contrast with $4.58 per diluted share ($685.1M) in the corresponding period a year ago (52 weeks).  Not Including the net unfavorable impact from the Tax Act, net earnings per diluted share in fiscal 2017 would have been $3.12.

Net sales for fiscal 2017 (53 weeks) were about $12.3B, an raise of about 1.1% contrast with fiscal 2016 (52 weeks).  Comparable sales for the fiscal 2017 full year (53 weeks) reduced by about 1.3%, and included strong sales growth from the Company’s consumer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.

Bed Bath & Beyond Inc.’s (BBBY) has price to sale ratio of 0.21. The company net profit margin is 4.60% and gross profit margin is 36.00%. A look on the firm performance, its monthly performance is -18.60% and a quarterly performance of -22.56%. The stock price is moving down from its 20 days moving average with -10.97% and isolated negatively from 50 days moving average with -15.02%.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, consumables, and juvenile products.

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Stephen Myers: Active Stocks Reporter I am Stephen Myers and I have over 9 years experience in the Active Stocks services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 3641 Broadway Street Hilton Head, SC 29926 Phone:  +(1) 843-689-6179 Email: stephen@valueswire.com

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