Bed Bath & Beyond Inc. is a major retailer of products for the home – from bed sheets to bath soaps and beyond to kitchen housewares. With home sales rising, shoppers should be looking for last-minute gifts at this consumer goods retail chain.
The stock closed Tuesday at $23.97, down 41% year to date and down 43.4% since setting its 52-week intraday high of $42.35 on Jan. 4. As a sign of recovery, the stock is in bull market territory at 25.7% above its 52-week intraday low of $19.07 set on Nov. 7 as Christmas lists were being written.
Analysts expect Bed Bath & Beyond to post earnings per share of 37 cents when it reports results after the closing bell on Dec. 20. The big question for investors is whether holiday shoppers went inside Bed Bath & Beyond stores to buy Christmas gifts or clicked to buy them online through Amazon.com, Inc. The earnings conference call is scheduled for 5:00 p.m. (See also: Bed Bath & Beyond Stock: Now Too Cheap to Ignore?)
Bed Bath & Beyond stock is cheap, with a P/E ratio of 6.07 and a dividend yield of 2.65%, and the weekly chart is positive. …read more
Read more here: Bed Bath & Beyond Stock Is Cheap for Holiday Shopping
Category: BBBY, AMZN