Buy, Sell or Hold: Bed Bath & Beyond (BBBY-Q) — Stock Predictions at Stockchase

NASDAQ:BBBY

23.47

0.35 (1.51%) 1d

Showing 1 to 15 of 20 entries

BUY

Up 62% YTD. It's a turnaround story. The flagship store in New York is a marvel. Their e-commerce is good. The CEO will take BBBY to a multi-year run.

specialty stores

WEAK BUY

They report Wednesday. A meme stock. He likes it. The report could prove they're a post-Covid survivor.

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COMMENT

It's chronically misunderstood, but he stands behind it. This is a legitimate turnaround story; forget the Reddit rally it had weeks ago. It's bounced between the high-20s and low-30s, then reported a good earnings beat, 4% same-store sales growth and 6% flagship store growth, far more than the street's expectations. However, some investors didn't like their cautious guidance about shipping concerns, and shares plunged 12%. This may be a buying opportunity.

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BUY

Now, investors are throwing out the non-essential retailers, so he expects a few more days of selling. Also, BBBY went up because of the Reddit short squeeze, now fading. So, Wall Street now has to get long behind BBBY. So, if one big analyst gets behind BBBY, it could be a home run.

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COMMENT

Stock plunged 11% today on a top and bottom line miss. Same-store sales were up only 2%, vs. the street's 5% estimate. Guidance was mixed this and next quarter. This, after last year's comeback. He still believes in the CEO. Also digital sales were up 77% company wide, and December was solid. So, the report wasn't all bad.

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BUY

The CEO is doing an amazing job and is accelerating its share buyback program.

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BUY

A remarkable comeback story under a new CEO. Today they held an investor day where they offered bullish guidance, but still sold off in today's big massive slide. They're no longer burning cash and have turned the ship around.

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BUY

Allan Tong’s Discover Picks This month, BBBY stock reported its Q2 results and it blew away the street with an EPS of +50 cents vs. the estimated -23 cents. Its digital channels grew 89% as BBB’s online store and curb pick-up services added two million customers that quarter. As Covid continues into these colder months, online sales will surely continue, if not grow further. Read 3 Forgotten Undervalued Stocks: ZBRA Stock, MFC Stock and BBBY Stock for our full analysis.

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BUY

The expected stimulus package from Washington. Which companies will benefit? People will spend more on their homes. Best Buy, Home Depot, Lowe's, Costco, Target and even bed bath and Beyond. Will benefit. BBB is much hated, but he would consider it now to buy.

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DON'T BUY

Turnaround stories are tough and this is one. The CEO has done a great job, and housewares is one of the strongest categories in the entire economy. But BBB has never spent enough on digital. It's down 16% YTD though it's had a huge run in recent weeks. It's heavily shorted, meaning people are betting against it. This could pull back hard.

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TOP PICK

Riskier, but has potentially good upside. There's no resistance on this chart. True, the chart has gone down a while, but is coming back from the dead with a new CEO and strategy. Short term momentum looks strong. You don't need to pick the bottom, but rather catch a stock on the upside. (Analysts’ price target is $15.00)

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PAST TOP PICK

(Top Pick Jun 13/16, Down 6.70%) They are trying to reduce their physical footprint and increase on-line sales. It is a hold for her. It is a matter of just being able to make more sales online. She thinks they will recover. They just aren’t able to increase their margins. They need to not offer so many in store discounts.

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PAST TOP PICK

(A Top Pick June 13/16. Up 7.61%.) This is really a reflection of what we have been seeing in the past couple of months, a stronger US consumer and stronger housing sales. Also, they have finally got their online sales a little more together.

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COMMENT

Retail overall has been really, really tough. It has been very segmented into winners and losers. The tough part for this company is what a lot of the more traditional department store types are seeing. They are not getting the differentiation and are having issues with traffic. Stuff they are working on hasn’t really panned out a lot.

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TOP PICK

US housing sales are really ramping up. Consumer discretionary, especially the retail stocks, have really been beaten up, and this is trading at a good valuation. However, the key thing is that they need to have great online sales. This company got into the online game late, and are the turnaround story. We have just started seeing a ramp up in better online sales, but it is only trading at 9X earnings. Super cheap.

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Showing 1 to 15 of 20 entries

Bed Bath & Beyond(BBBY-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 8

Stockchase rating for Bed Bath & Beyond is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bed Bath & Beyond(BBBY-Q) Frequently Asked Questions

What is Bed Bath & Beyond stock symbol?

Bed Bath & Beyond is a American stock, trading under the symbol BBBY-Q on the NASDAQ (BBBY). It is usually referred to as NASDAQ:BBBY or BBBY-Q

Is Bed Bath & Beyond a buy or a sell?

In the last year, 8 stock analysts published opinions about BBBY-Q. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bed Bath & Beyond.

Is Bed Bath & Beyond a good investment or a top pick?

Bed Bath & Beyond was recommended as a Top Pick by on . Read the latest stock experts ratings for Bed Bath & Beyond.

Why is Bed Bath & Beyond stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bed Bath & Beyond worth watching?

8 stock analysts on Stockchase covered Bed Bath & Beyond In the last year. It is a trending stock that is worth watching.

What is Bed Bath & Beyond stock price?

On 2021-09-22, Bed Bath & Beyond (BBBY-Q) stock closed at a price of $23.47.

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