Bed Bath & Beyond on Pace for Lowest Close Since October 1998 -- Data Talk

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)

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