Bed Bath and Beyond’s average price target of $3.84 implies 83.4% downside potential. In fact, they have a Strong Sell rating on the stock, which is based on two Holds and 11 Sells. Is BBBY a Good Investment?Īnalysts on TipRanks do not consider BBBY stock a good investment. Its brands include Cost Plus, BABY, buybuy BABY, Harmon Face Values, Christmas Tree Shops, and Bed Bath and Beyond. The company runs stores in Mexico, Canada, the U.S., and Puerto Rico. New Jersey-based Bed Bath and Beyond is an omnichannel retailer that offers domestic merchandise and home furnishing products. What Type of Company Is Bed Bath and Beyond? The strike price of the options held by the billionaire investor ranged from $60 to $80, which is significantly higher than Monday’s closing price of $16. The value of Cohen’s stake in Bed Bath & Beyond stood at around $148.5 million on Monday. The downtrend continued and the stock slipped again in the pre-market session on Thursday.Īccording to an SEC filing released on Wednesday, Cohen has proposed to sell up to 7.78 million shares and call options on another 1.67 million shares through his firm RC Ventures. Cohen is also the chairman of GameStop, which is widely considered to be another meme stock. ( NASDAQ: BBBY) lost 18% in after-hours trading on Wednesday following the release of the news that activist investor Ryan Cohen was planning to sell his stake in the company. ![]() Shares of domestic merchandise retail store chain Bed Bath & Beyond Inc. The stock lost 40% in the pre-market session on Friday, after closing 19.6% lower on Thursday and 18% down in after-hours trading on Wednesday. The news has pushed the already-falling BBBY stock further down. Update: August 19, 2022: Ryan Cohen’s firm RC Ventures has sold his entire 11.8% stake in Bed Bath & Beyond, it was revealed late Thursday.
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