BBBY

Bed, Bath & Beyond Inc.

Consumer


Presented:08/10/2020
Price:$12.66
Cap:$1.60B
Current Price:$0.08
Cap:$0.06B

Presented

Date08/10/2020
Price$12.66
Market Cap$1.60B
Ent Value$3.92B
P/E RatioN/A
Book Value$11.57
Div Yield4.03%
Shares O/S126.03M
Ave Daily Vol12,627,970
Short Int74.05%

Current

Price$0.08
Market Cap$0.06B
Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.

Publicly traded companies mentioned herein: 1-800-Flowers.com inc (FLWS), At Home Group Inc (HOME), Bed Bath & Beyond Inc (BBBY), Target Corporation (TGT)

Highlights

With Bed Bath & Beyond (BBBY) stock trading ~$12.50, the presenter sees a good entry point and likes the risk/reward setup for a long position. After the market closed on August 10, BBBY announced the resumption of its plan to reduce debt (i.e., the suspension of the plan was lifted), and BBBY also commenced cash tender offers to purchase up to $300MM of its 2034 and 2044 Senior Notes (at ~70). New CEO Mark Tritton has cleaned house since arriving in Q4‘19 (from Target, where he was EVP & Chief Merchandising Officer), and the presenter thinks that the new team can lead a successful turnaround/restructuring of the business. Given a corporate focus on home and baby, sharper messaging and pricing, the potential for incremental asset sales to bolster the balance sheet, a $1B inventory reduction program, and omni-channel growth, the presenter sees upside potential to $20 - $30 for BBBY.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.