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Bed, Bath & Beyond (BBBY, $16.75) announces partenrship with Kroger
Bed, Bath & Beyond shares nearly doubled in after-hours trading Tuesday, following news of the home retail company’s distribution partnership with Kroger Co. Bed, Bath also said that it would complete its $1 billion share buyback program by the end of its fiscal year.
Bed, Bath & Beyond said the deal will lead to its signature and 'BuyBuy Baby' products sold on Kroger.com, as well as in the grocery chain's physical stores, beginning in 2022.
The company will boost its 2021 share repurchases from $325 million to $625 million. It aims to complete its $1 billion program by the end of February – that is, three years ahead of its original schedule.
"Our collaboration with an exceptional retailer like Kroger underscores Bed Bath & Beyond's authority in the home and baby categories," said CEO Mark Tritton. "Today's announcement is a key milestone, bringing Bed Bath & Beyond and buybuy Baby products to reach more customers than ever before."
BBBY in downward trend: price dove below 50-day moving average on April 12, 2022
BBBY moved below its 50-day Moving Average on April 12, 2022 date and that indicates a change from an upward trend to a downward trend. In 34 of 37 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 90%.
Current price $9.64 crossed the support line at $40.85 and is trading between $40.85 support and $-10.39 resistance lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -46% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -20%.
The 10-day Moving Average for BBBY crossed bearishly below the 50-day moving average on April 19, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBBY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for BBBY entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
Following a +4.55% 3-day Advance, the price is estimated to grow further. Considering data from situations where BBBY advanced for three days, in 209 of 279 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
BBBY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 20%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.07.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBBY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 95 (best 1 - 100 worst), indicating slightly worse than average price growth. BBBY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 73 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.421) is normal, around the industry mean (8.199). P/E Ratio (23.981) is within average values for comparable stocks, (25.644). BBBY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.446). BBBY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (0.122) is also within normal values, averaging (31.265).
The Tickeron PE Growth Rating for this company is 69 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 35 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 3 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.
The average market capitalization across the Specialty Stores Industry is 6.6B. The market cap for tickers in the group ranges from 48 to 305.9B. HD holds the highest valuation in this group at 305.9B. The lowest valued company is CALI at 48.
The average weekly price growth across all stocks in the Specialty Stores Industry was -1.63%. For the same Industry, the average monthly price growth was -8.96%, and the average quarterly price growth was -19.46%. MSSV experienced the highest price growth at 89.26%, while PRTY experienced the biggest fall at -54.25%.
- 4/12/22 7:12 AM: Bed Bath & Beyond (BBBY, $19.27) was a top loser this week, declining -15.56%
- 4/5/22 5:39 AM: Bed Bath & Beyond (BBBY, $22.82) was a top loser this week, declining -13.3%
- 3/15/22 5:19 AM: Bed Bath & Beyond (BBBY, $19.21) was a top loser this week, declining -11.52%
The average weekly volume growth across all stocks in the Specialty Stores Industry was 46.47%. For the same stocks of the Industry, the average monthly volume growth was 54.26% and the average quarterly volume growth was 28.14%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 40%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.11.
28 stocks in the group of tickers exhibit a similar negative trend based on the MA50MA10 indicator with an average likelihood of 76%.
The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Advance Auto Parts (NYSE:AAP), Bath & Body Works (NYSE:BBWI), Five Below (NASDAQ:FIVE), GameStop Corp (NYSE:GME).
The average market capitalization across the group is 8.3B. The market cap for tickers in the group ranges from 1.1M to 305.9B. HD holds the highest valuation in this group at 305.9B. The lowest valued company is MSSV at 1.1M.
- 2/23/22 5:33 AM: Home Depot (HD, $316.17), market cap dropped by $32.1B
The average weekly price growth across all stocks in the group was -2.4%. For the same group, the average monthly price growth was -11.57%, and the average quarterly price growth was -29.82%. MSSV experienced the highest price growth at 89.26%, while PRTY experienced the biggest fall at -54.25%.
- 5/14/22 4:23 AM: Vroom (VRM, $1.6) is a top weekly gainer for penny stocks, rising +18.52%
- 5/12/22 5:38 AM: Jiuzi Holdings (JZXN, $1) is a top weekly loser for penny stocks, falling -25.93%
- 5/12/22 5:38 AM: Live Ventures (LIVE, $33.4) is a top weekly loser for penny stocks, falling -21.06%
The average weekly volume growth across all stocks in the group was 49.95%. For the same stocks of the group, the average monthly volume growth was 114.83% and the average quarterly volume growth was 107.64%
- 5/14/22 4:17 AM: The volume for Vroom stock increased for three consecutive days, resulting in a record-breaking daily growth of 191% of the 65-Day Volume Moving Average
- 5/12/22 5:33 AM: The volume for Vroom stock increased for one day, resulting in a record-breaking daily growth of 283% of the 65-Day Volume Moving Average
- 5/11/22 7:40 AM: The volume for Party City Hold stock increased for one day, resulting in a record-breaking daily growth of 321% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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