BBBY stock

2022 - 8 - 17

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Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan ... (FXStreet)

Bed Bath & Beyond (BBBY) stock is up 31% at $27.22 in Wednesday's premarket a day after it was disclosed that major investor Ryan Cohen had purchased.

The author makes no representations as to the accuracy, completeness, or suitability of this information. Maximize our actionable content, be part of our community, and chat with our experts. XAUUSD is pressuring the 38.2% retracement of its latest daily advance. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. Loop Capital gave the struggling retailer a $1 price target earlier this month, saying that it was headed the way of Sears. Just since July BBBY stock has gone from oversold to overbought on the Relative Strength Index (RSI). FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. This would require an immense short squeeze, possibly the Mother of All Squeezes to borrow a phrase from the AMC apes. So what is the deal with Ryan Cohen? The meme stock is up roughly 300% over the past month despite the fact that many analysts believe the home goods retailer is headed for bankruptcy.

BBBY Stock: Don't Get Caught Up in the Hype (TipRanks)

Some stocks are only good for short-term trading, while others are meant to be buy-and-hold investments. There's a lot of hype surrounding Bed Bath Beyo...

[BBBY reported a quarterly operating loss of $288.2 million](http://The Fundamentals Just aren't There for BBBY Stock). It’s possible, then, that some traders observed Cohen’s evident confidence in the meme stock and consequently bought up shares of Bed Bath & Beyond. So, feel free to watch with amazement from the sidelines as the meme-stock frenzy continues in 2022. Also, during the time when Tritton was being removed from his CEO position, Bed Bath & Beyond had just posted dismal first-quarter 2022 fiscal and operational results. After all, these aren’t sufficient reasons for retail investors to pour their hard-earned money into Bed Bath & Beyond shares unless it’s only for a very short-term trade. Consequently, Bed Bath & Beyond has to prove to the shareholders that it can deliver results during these challenging times. For one thing, if you’re looking for Bed Bath & Beyond’s trailing 12-month price-to-earnings (P/E) ratio, don’t bother. The onset of COVID-19 made it difficult for retail store chains like Bed Bath & Beyond to deliver shareholder value. The influence that meme-stock traders have should never be underestimated. Also, these traders may view the short squeeze as a way to get revenge on short-selling hedge funds. It could be said that a short squeeze of BBBY stock is an expression of the meme-stock traders’ hope for a recovery in the economy. Therefore, it’s wise to maintain a safe distance and avoid getting caught up in the hype.

Bed Bath & Beyond slides after Ryan Cohen files for stake sale (Reuters)

Bed Bath & Beyond Inc shares nosedived late in the session on Wednesday from a 45% surge earlier after investor and GameStop Chairman Ryan Cohen filed for a ...

We've seen the same with Chinese meme stocks over the past few weeks," Siddharth Singhai, chief investment officer at New York-based hedge fund Ironhold Capital. The stock had lost more than 60% of its value in June and July. On Wednesday, the shares rose up to $30 and closed down at $23.08. stocks that helped the S&P 500 recoup more than half of the benchmark's losses since its June low. Register now for FREE unlimited access to Reuters.com

Bed Bath & Beyond Stock Is Still a Favorite of Short Sellers (Barron's)

In order to short a stock, investors first have to borrow it. At Bed Bath & Beyond that borrowing fee comes to 50%, way more than the typical S&P 500 stock.

[Unlike on Tuesday, ](https://www.barrons.com/articles/bed-bath-beyond-koss-gamestop-amc-stock-price-meme-rally-51660685560?mod=article_inline)though, the rally didn’t extend to other meme stocks. And it’s not getting any easier for [prospective short sellers](https://www.barrons.com/articles/bed-bath-beyond-stock-meme-trade-51659971172?mod=article_inline), either. stock (ticker: BBBY) was up another 31% in Wednesday afternoon trading to $27.02.

Bed Bath & Beyond Stock: Is This Meme Stock A Buy Or A Sell Right ... (Investor's Business Daily)

BBBY stock has shot up, but GameStop's Ryan Cohen is selling his stake in the meme stock. Is Bed Bath & Beyond stock a buy or sell?

But is Bed Bath & Beyond stock a buy or a sell now? Technically, BBBY stock has been hot, but is greatly extended from moving averages and is now getting a lot of media attention. Bed Bath & Beyond, like most meme stocks, has terrible fundamentals, with a series of losses and fast-declining revenue. The New Jersey-based Bed Bath & Beyond has retail stores across the U.S. But after a meme stock gets moving beyond such areas, the risks are enormous, especially after investors and business media start paying close attention. BBBY stock arguably offered a super-aggressive entry on Monday, as it cleared the 200-day line. Of course, meme stock investors look past a company's weak fundamentals. Cohen's RC Ventures currently owns 11.8% of Bed Bath & Beyond, according to FactSet. Wall Street is projecting a loss of $6.22 per share for the full fiscal year on $6.5 billion in sales. Bed Bath & Beyond stock has been surging again in recent weeks. The activist investor seemed to have taken a specific interest in BBBY earlier this year. Or, by buying those out-of-the-money call options — and disclosing that — Cohen found a way to push up the BBBY stock and options prices before cashing out.

Bed Bath & Beyond Stock Plunges After Ryan Cohen Files to ... (Bloomberg)

Bed Bath & Beyond Inc., the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he ...

RC is the retailer’s second-largest holder after BlackRock Inc., according to data compiled by Bloomberg, with an 11.8% stake as of April 21. [RC Ventures](/quote/1856624D:US) said in a [filing](https://www.sec.gov/corpfin/form-144-email) Tuesday with the US Securities and Exchange Commission that it might sell as much as 7.78 million shares of Bed Bath & Beyond, along with some call options. [Bed Bath & Beyond Inc.](/quote/BBBY:US), the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he has soured on the stock.

Bed Bath & Beyond: Sell The Hype (Seeking Alpha)

Bed Bath & Beyond shares rallied 70% yesterday due to aggressive retail buying. Read this article to see why I think BBBY stock is a sell.

While Bed Bath & Beyond is the latest meme stock that excites investors, the meme saga will likely end the way it always does: with a lot of investors losing their life savings. The drop in gross margins is also concerning and with consumers cutting back on spending, Bed Bath & Beyond is set to enter a long and painful restructuring. The expectations is for Bed Bath & Beyond to see a 17% revenue decline just year, but it could get a lot worse for the retailer if the macro environment further deteriorates. The average stock price target for Bed Bath & Beyond on TipRanks is $3.84. While TipRanks should not alone be used to determine the value of the retail chain, the huge gap between estimated fair price and actual stock price suggests that BBBY is in a bubble... Bed Bath & Beyond’s comparable sales dropped 23% year-over-year. Bed Bath & Beyond’s adjusted gross margins declined 11 PP in FQ1’22 to 23.8% due aggressive price actions to get slow-moving inventory off the shelves. Chasing a meme stock after a 260% run is extremely dangerous and considering that BBBY trades well above the consensus estimated fair price target, investors are exposing themselves to unwarranted risk here chasing the stock price. [disclosure](https://bedbathandbeyond.gcs-web.com/static-files/b08a4b0d-b9fd-467e-a69e-0e96c990ff45) made by Bed Bath & Beyond and RC Ventures LLC, a venture capital firm owned by GameStop Corp.’s chairman Ryan Cohen who is a large investor in the home decor retail chain. I expect the bubble to burst since the retailer’s fundamentals remain challenged and there is no objective justification for Bed Bath & Beyond’s 258% return this month. The idea is to aggressively buy up heavily shorted stocks in an attempt to ignite a short squeeze. [BBBY](https://seekingalpha.com/symbol/BBBY?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link)) shares [soared 70% yesterday](https://seekingalpha.com/news/3873735-bed-bath-beyond-halted-as-meme-stock-rally-rolls-on?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link) after a major venture capital firm disclosed the purchase of call options on the retail chain.

Bed Bath & Beyond: A Hot Mess (Seeking Alpha)

Bed Bath & Beyond shares have gone from $5.03 at the end of July to as high as $28.60 per share at yesterday's intraday high. See why I'm bearish on BBBY.

In 2021, the total return of the portfolio was +55%. In 2020, the total return of the portfolio was +93%. There are zero tangible signs of any business recovery whatsoever, the macro backdrop continues to be rocky, at best, and housing has fallen off. For perspective, shares of BBBY closed the month of July 2022 at $5.03. If you are looking for a signpost that markets are once again becoming psychedelic, look no further than BBBY shares leaping from $5.03 to as high as $28.60, in a span of 15 days. Turning to the balance sheet, as BBBY spent an inordinate amount of money on buybacks, that is also a hot mess. And to be clear, and I discussed the topic a bit, with my group in "live chat" yesterday, when BBBY shares were then trading close to $27, I did buy a few BBBY August 26, 2022 $26 puts. For perspective, again when BBBY shares were trading at close to $27, I had to pay $7.71 per contract, for the right to sell BBBY shares at $26, on August 26th. During that period, consumer sentiment was very strong, and this was an amazing time to be a retailer. Bed Bath & Beyond sales have gone from $11.2 billion in the fiscal year ending February 29, 2020 to $7.9 billion in the fiscal year ending February 26, 2022. Ninety-five percent of my bandwidth and ninety-eight percent of my capital are deployed on the long side. That said, when you are playing Liar's Poker, no question there is always an element of timing and the recent market 'melt up' and extraordinary bearishness towards Carvana was the jet fuel that empowered the big leg up.

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