This would suggest that Bed Bath & Beyond's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns). The market (NASDAQ average) beta is 1, while Bed Bath & Beyond's is 1.5304. volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta".
Over the last 12 months, Bed Bath & Beyond's shares have ranged in value from as little as $0.0713 up to $30. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bed Bath & Beyond shares which in turn could have impacted Bed Bath & Beyond's share price. This wouldn't directly have changed the overall worth of your Bed Bath & Beyond shares – just the quantity. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. Have Bed Bath & Beyond's shares ever split?īed Bath & Beyond's shares were split on a 2:1 basis on 14 August 2000. We're not expecting Bed Bath & Beyond to pay a dividend over the next 12 months. TTM: trailing 12 months Bed Bath & Beyond share dividends All international money transfer services.A bankruptcy expert, Etlin will also oversee the liquidation and sale processes. shares of the company pared some premarket losses to trade at 21 cents.īed Bath also named interim finance chief Holly Etlin as its new CFO.
Its notes maturing in 2024 remained under pressure, falling around $3 on Monday and pushing the yield to a record high of more than 450%. On Monday, Bed Bath & Beyond was the second-most active stock on Stocktwits, a website popular with individual investors. Analysts said some companies, including Walmart Inc (WMT.N), Inc (AMZN.O), Target and Williams-Sonoma Inc (WSM.N), stand to gain share and a marginal benefit to revenue. It was mismanaged during COVID, using the remaining cash to buy back stock versus keep a respectable inventory in the store that would attract clients," said Thomas Hayes, chairman and managing member at Great Hill Capital.īut Bed Bath's downfall is not viewed as a sign of weakness in the broader retail sector. "It was deteriorating before COVID, COVID pushed it over the edge. Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. bankruptcy judge's permission on Monday to borrow $40 million to stabilize its operations and buy time for an orderly sale process.Ī botched merchandising strategy, lower spending by inflation-hit Americans and stiff competition from rivals such as TJX's TJ Maxx (TJX.N) and Target Corp (TGT.N) drove the business under as losses mounted and it ran out of cash. The once high-flying company filed for bankruptcy protection on Sunday and said it had launched a liquidation sale after failing to secure funds to stay afloat.īed Bath & Beyond also plans to use Chapter 11 proceedings to seek outside buyers who could keep the business going or purchase discrete assets such as the company's 125 baby merchandise stores operated under the buybuy Baby brand. LONDON, April 24 (Reuters) - Shares of Bed Bath & Beyond Inc (BBBY.O) plunged about 25% on Monday after the home goods retailer's long fight to save its business ended in bankruptcy.
Bed Bath to seek buyers for assets such as baby stores.
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