FAQs
It might be a while before Bed Bath and Beyond's stocks and reputation are back to the high they reached in 2021. Overstock's saving grace could be the thing to bring these stores back to life… Or it could become yet another headache for shareholders.
What is going on with Bed Bath and Beyond stock? ›
Shares of Bed Bath & Beyond Inc. have been eliminated, marking the latest chapter in the demise of the onetime home-goods behemoth and meme-stock darling. In a filing Friday, Bed Bath & Beyond BBBYQ said that its shares are canceled, and “have no value” as the company's bankruptcy plan takes effect.
How high will BBBY stock go? ›
The average 12-month price target from 13 analysts that have issued a Bed, Bath & Beyond stock forecast is $5.13 per share in 12 months time, according to MarketBeat.
What caused the downfall of Bed Bath & Beyond? ›
BBBY was short on cash because its costs were higher than its revenue. How so? That $325 million in negative free cash flow came during a quarter in which its sales fell 25% from the previous year. What's more, BBBY forecast a 20% decline in sales for the full year.
What will happen to BBBY stock holders? ›
Bed Bath & Beyond's stock will cease trading and the husk of the company will no longer exist. What remains of its roughly $42.2 million in assets will transfer to wind-down debtors. The court filing reports the company's debt at $1.5 billion.
Should I sell BBBY stock? ›
Bed Bath & Beyond's analyst rating consensus is a Moderate Sell. This is based on the ratings of 2 Wall Streets Analysts.
Is Bed Bath and Beyond stock deemed worthless? ›
Hi, shares of Bed Bath & Beyond (BBBY) have been delisted. This security has been deemed to have no stockholder equity, it is now considered worthless. There will be no future distributions and positions have been removed from shareholder's accounts as of October 18, 2023.
Is BBBY stock worthless? ›
Bed Bath & Beyond Shares To Be Canceled and Extinguished
Once the plan is fully executed, BBBYQ shares will be nullified and rendered worthless. This process may take a few days.
Who owns the most stock in Bed Bath and Beyond? ›
The largest shareholder of Bed Bath & Beyond is Davis Selected Advisers LP, according to MarketScreener. This investment company reportedly owns 14.81 million shares in the retailer, resulting in an 18.4% stake.
Why is Bed Bath and Beyond stock so low? ›
Bed Bath & Beyond also said that it is undergoing “an orderly wind-down and liquidation process.” Bed Bath & Beyond's bankruptcy earlier this year came after a troubled few years marked by strategic missteps, cash burn, challenging underlying business trends and the impact of the COVID-19 pandemic.
Once an unstoppable retailer — deemed a "category killer" for its triumph over many rivals — Bed Bath & Beyond has now filed for bankruptcy. It plans to begin closing its 360 Bed Bath & Beyond stores and 120 BuyBuy Baby stores. A vision of this chain's survival is bleak.
Is BBBY in debt? ›
Bed Bath & Beyond Balance Sheet Health
Bed Bath & Beyond has a total shareholder equity of $-2.8B and total debt of $1.7B, which brings its debt-to-equity ratio to -60.4%. Its total assets and total liabilities are $2.2B and $5.0B respectively.
What is the new name for bed, bath, and beyond? ›
Overstock is now Bed Bath & Beyond — so what does that mean for shoppers? Here's what you need to know about the revamped brand. It's official — Overstock has rebranded as Bed Bath & Beyond, bringing the two iconic brands together to create an ultimate home shopping destination.
Who is Bed Bath and Beyond's biggest competitor? ›
What is the Bed Bath and Beyond scandal? ›
Bed Bath and Beyond Inc.'s late finance chief Gustavo Arnal, who died by suicide in September, has been dropped from a shareholder lawsuit that had accused him of colluding with activist investor Ryan Cohen to artificially inflate the struggling home-goods retailer's share price.
What happens to bed, bath, and beyond stock after an Overstock sale? ›
The Bed Bath & Beyond brand will continue on, transplanted over Overstock, but shareholders will be left empty-handed. Bed Bath & Beyond Inc.Overstock.com Inc.
What is the future of Bed Bath and Beyond? ›
But the retailer will live on online after longtime rival Overstock won its intellectual property at auction in June. The e-commerce company, which has long felt its name was a detriment to its business, will instead merge its business under the Bed Bath & Beyond domain.
Can I still buy BBBY stock? ›
On April 25, in the wake of its bankruptcy filing, Bed Bath & Beyond shares were delisted from Nasdaq. They are now available only on over-the-counter (OTC) markets, and the letter "Q" (standing for “quotation”) has been appended to the end of the old "BBBY" ticker.
Will Bath and Body stock go up? ›
Average Price Target
Based on 16 Wall Street analysts offering 12 month price targets for Bath & Body Works in the last 3 months. The average price target is $42.31 with a high forecast of $54.00 and a low forecast of $31.00. The average price target represents a 55.49% change from the last price of $27.21.
