Bed Bath & Beyond pushes back accelerated buybacks after share price spike

  • Bed Bath & Beyond (NASDAQ:BBBY) announces the successful completion of its initial $225M accelerated share repurchase program which it initiated last October.
  • Under the agreement, a total of approximately 11M shares of Bed Bath & Beyond were repurchased at an average price of approximately $20.77 vs today's close of $30.26.
  • The company also announced that, in consideration of recent stock market volatility, it has extended the maturity of its second accelerated share repurchase agreement for $150M which initiated on January 11, to end no later than April 2021 instead of February 2021.
  • That makes perfect sense with BBBY shares rallying sharply over the last week as part of the GameStop-Reddit short squeeze sensation.

    Bed Bath & Beyond fundamentalsOver the current book year the total revenue will be 9.22 billion USD (consensus estimates). This is quite lower than 2019's revenue of 11.16 billion USD.

    Historical revenues and results Bed Bath & Beyond plus estimates 2020

    financiële analyse Bed Bath & Beyond

    The analysts expect for 2020 a net loss of 137 million USD. Most of the analysts anticipate on a loss per share of 1.1 USD. Based on this the price/earnings-ratio is -24.55.

    Despite the expected loss the company will probably pay a dividend. For this year the analysts expect a dividend of 10 cents per share. Bed Bath & Beyond 's dividend yield thus equals 0.37 percent. The average dividend yield of the general retailers is a limited 0.35 percent.

    Based on the current number of shares Bed Bath & Beyond 's market capitalization equals 3.57 billion USD. The Bed Bath & Beyond stock was the past 12 months quite volatile. Since last February the stock is even 78 percent higher. This year the stock price moved between 3 and 54 dollar.

    Historical stock prices Bed Bath & Beyond

    stock price bedbath&beyond

    Click here for dividend Bed Bath & Beyond. On Thursday, the stock closed at 27.01 USD.

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