Bed Bath & Beyond on Pace for Lowest Close Since October 1998 -- Data Talk
July 11 2019 - 12:05PM
Dow Jones News
Bed Bath & Beyond Inc. (BBBY) is currently at $10.56, down
$0.97 or 8.38%
-- Would be lowest close since Oct. 8, 1998, when it closed at
$10.34
-- On pace for largest percent decrease since April 11, 2019,
when it fell 8.76%
-- On Wednesday, Bed Bath & Beyond said first-quarter sales
were about $2.6 billion, a decrease of 6.6% on year, and in line
with the FactSet consensus estimate. Comparable sales declined
about 6.6%, versus the FactSet consensus for a 5.5% decline
-- Earlier Thursday, Citigroup cut its price target on Bed Bath
& Beyond to $13.00/share from $18.00/share, Benzinga reported.
Goldman Sachs initiated the company at sell with a price target of
$11.00/share, Benzinga said
-- Currently down two of the past three days
-- Down 9.17% month-to-date
-- Down 6.76% year-to-date
-- Down 46.85% from 52 weeks ago (July 12, 2018), when it closed
at $19.86
-- Would be a new 52 week closing low
All data as of 11:23:14 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
July 11, 2019 11:50 ET (15:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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