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BBBY

Bed Bath & Beyond

$11.90

0.1 (0.85%)

16:20
12/19/18
12/19
16:20
12/19/18
16:20

Put spreads in Bed, Bath and Beyond as a bearish option play is extended

Put spreads in Bed, Bath and Beyond as a bearish option play is extended. The stock up 8c to $11.98 and 10K Jan 12.5 - Feb 10 put spreads sold at 93c. The diagonal probably rolls long puts opened late September or early October, which included opening buying of 10K Jan 12.5s for 70 to 74c on 10/3 with shares north of $14. With the stock down 16% since that time, the long puts are being rolled to OTM Feb 10 strikes from the ITM Jan 12.5s. The adjustment expresses concerns about additional losses in BBBY shares through the February expiration, which captures one earnings report on 1/9.

  • 09

    Jan

BBBY Bed Bath & Beyond
$11.90

0.1 (0.85%)

11/08/18
SBSH
11/08/18
NO CHANGE
Target $13
SBSH
Sell
Bed Bath & Beyond activist probability low, 'screens well' for LBO, says Citi
Citi analyst Kate McShane reiterated a Sell rating on Bed Bath & Beyond shares, noting that the company has faced and continues to face significant challenges despite having enacted a number of changes in recent years. She views activist involvement or an LBO as a low probability given the number of challenges faced, but added that Bed Bath "has always screened well" as an LBO candidate. In a leveraged buyout scenario, the company could cut the dividend, shut down stores and create a smaller store format as a private company, McShane said.
10/02/18
LOOP
10/02/18
NO CHANGE
Target $15
LOOP
Hold
Bed Bath & Beyond pricing gap with Amazon narrowed in August, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $15 price target on Bed Bath & Beyond (BBBY), saying his channel checks indicate a further narrowing of the pricing gap with Amazon (AMZN). The analyst notes the gap in August has shrunk to 13.6% on average vs. 16.9% in July, but also warns that given its position as the "most dynamic retailer" in the U.S. in terms of pricing, Amazon can "quickly and easily lower prices if top-line growth underperforms".
10/01/18
ARGS
10/01/18
DOWNGRADE
ARGS
Hold
Bed Bath & Beyond downgraded to Hold from Buy at Argus
Argus analyst Christopher Graja downgraded Bed Bath & Beyond to Hold after lowering his earnings estimates to reflect on ongoing gross margin pressure, declines in store traffic and spending on systems and consultants. The disappointing Q2 results amid a very strong retail environment is a concern, Graja tells investors in a research note. The analyst is no longer confident in management's ability to focus on the company's long-term objectives.
09/27/18
09/27/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. JPMORGAN STARTS APPLE AT OVERWEIGHT: JPMorgan analyst Samik Chatterjee initiated coverage of Apple (AAPL) with an Overweight rating and $272 price target. While Apple's leadership position in the premium smartphone market is well understood by investors, its "faster-than-expected" transformation to a services business, "stronger-than-expected" price increases in the core iPhone business and earnings growth from stock buybacks can drive "considerable upside" to current share levels, Chatterjee said. The analyst also believes Apple's "robust" high-single-digit growth in the installed base, which he says is a key contributor to services revenue growth, has been underappreciated by investors. LOOP CUTS APPLIED OPTOELECTRONICS TO SELL: Loop Capital analyst James Kisner downgraded Applied Optoelectronics (AAOI) to Sell from Hold and cut his price target for the shares to $20 from $45. The downgrade follows the analyst's industry checks which suggest the company is having product quality issues in 100G CWDM4 transceivers and that the pricing environment for 100G data center optics "remains very tough." It's possible that Applied Optoelectronics can get around the problem by procuring lasers externally, but this would obviously be negative for gross margin, the analyst said. NORTHLAND CUTS AMD TO MARKET PERFORM: Northland analyst Gus Richard said that while his thesis that AMD (AMD) will challenge Intel (INTC) has not changed, valuation has, prompting him to downgrade AMD shares to Market Perform from Outperform. He still sees AMD shares appreciating through year end, but Richard believes the stock price now reflects "irrational expectations." While downgrading his rating, Richard raised his price target on AMD shares to $30 from $26. STIFEL BOOSTS AMAZON PRICE TARGET TO STREET HIGH: Stifel analyst Scott Devitt increased his price target on Amazon (AMZN) shares to $2,525 from $2,020 primarily due to higher long-term revenue and margin expectations, driven by stronger than previously expected growth from Amazon's retail, cloud, and advertising businesses. He raised his 2019 advertising and other revenue forecast to $15.0B from $13.5B and hiked his 2020 view for the business to $20.2B from $17.6B. He increased his 2019 AWS revenue forecast to $36.6B from $35.4B and increased his 2020 view for AWS to $50.1B from $47.8B. Devitt also raised his 2019 and 2020 online stores revenue forecasts to $143.1B and $164.6, respectively, from $141.5B and $161.3B. He maintains a Buy rating on Amazon shares. CITI SAYS BED BATH & BEYOND TURNAROUND MAY BE TOO LITTLE, TOO LATE: Citi analyst Kate McShane lowered her price target for Bed Bath & Beyond (BBBY) to $13 from $16 and reiterated a Sell rating on the shares following the company's Q2 results. Management's turnaround plan "might be too little too late," McShane said in a post-earnings research note. In the near term, it's difficult to envision the company's initiatives "moving the needle in a meaningful way," McShane wrote. And over the long term, she finds it unclear which of the projects management will stick with.

TODAY'S FREE FLY STORIES

TXN

Texas Instruments

$129.18

-1.75 (-1.34%)

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  • 22

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BA

Boeing

$338.82

7.7 (2.33%)

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  • 23

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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BA

Boeing

$338.80

7.68 (2.32%)

15:15
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  • 23

    Oct

BA

Boeing

$339.26

8.14 (2.46%)

15:10
10/22/19
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15:10
Periodicals
Boeing commercial airline executive leaving company, NY Times says »

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  • 23

    Oct

BA

Boeing

$338.69

7.57 (2.29%)

15:07
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15:07
Periodicals
Breaking Periodicals news story on Boeing »

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  • 23

    Oct

CMG

Chipotle

$824.48

-27.4 (-3.22%)

15:04
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15:04
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15:04
Options
Chipotle options imply 10.7% move in share price post-earnings »

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  • 22

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HOG

Harley-Davidson

$40.65

3.515 (9.47%)

15:02
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Harley-Davidson analyst commentary  »

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  • 22

    Oct

TTD

Trade Desk

$189.94

-10.99 (-5.47%)

, ROKU

Roku

$127.31

-5.63 (-4.24%)

15:02
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TTD

Trade Desk

$189.94

-10.99 (-5.47%)

ROKU

Roku

$127.31

-5.63 (-4.24%)

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  • 06

    Nov

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    Nov

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    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.08

0.03 (0.01%)

14:58
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General news
U.K. government not ruling out seeking short Brexit delay, Bloomberg says »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.08

0.03 (0.01%)

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SNAP

Snap

$14.04

-0.54 (-3.70%)

, FB

Facebook

$183.72

-6.1 (-3.21%)

14:57
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On The Fly
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SNAP

Snap

$14.04

-0.54 (-3.70%)

FB

Facebook

$183.72

-6.1 (-3.21%)

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  • 22

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SERV

ServiceMaster

$45.81

-10.26 (-18.30%)

14:54
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  • 05

    Nov

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    Nov

WFC

Wells Fargo

$50.82

0.37 (0.73%)

14:54
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Downgrade
Wells Fargo rating change  »

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  • 27

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SNAP

Snap

$14.08

-0.5 (-3.43%)

14:49
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Options
Snap Inc. options imply 26.3% move in share price post-earnings »

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  • 22

    Oct

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GILD

Gilead

$66.32

1.11 (1.70%)

14:45
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Options
Gilead call volume above normal and directionally bullish »

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  • 24

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SPY

SPDR S&P 500 ETF Trust

$300.58

0.53 (0.18%)

, SPX

S&P 500

$0.00

(0.00%)

14:41
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General news
U.K. Parliament rejects timetable bill for exit from EU »

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SPY

SPDR S&P 500 ETF Trust

$300.58

0.53 (0.18%)

SPX

S&P 500

$0.00

(0.00%)

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BA

Boeing

$340.23

9.11 (2.75%)

14:34
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  • 23

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FB

Facebook

$183.45

-6.37 (-3.36%)

, GOOG

Alphabet

$1,246.51

0.28 (0.02%)

14:25
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Periodicals
U.S antitrust chief says breakup of 'Big Tech' is 'on the table,' WSJ reports »

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FB

Facebook

$183.45

-6.37 (-3.36%)

GOOG

Alphabet

$1,246.51

0.28 (0.02%)

AMZN

Amazon.com

$1,769.36

-15.37 (-0.86%)

AAPL

Apple

$242.10

1.61 (0.67%)

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  • 22

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GME

GameStop

$6.30

0.37 (6.24%)

14:25
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  • 23

    Oct

SPY

SPDR S&P 500 ETF Trust

$300.50

0.45 (0.15%)

, SPX

S&P 500

$0.00

(0.00%)

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General news
Brexit withdrawal agreement bill passes by 329-299 vote, Bloomberg reports »

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SPY

SPDR S&P 500 ETF Trust

$300.50

0.45 (0.15%)

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$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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10/22
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10/22/19
14:16
Technical Analysis
NYSE market internals summary »

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14:10
10/22/19
10/22
14:10
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14:10
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

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UTX

United Technologies

$141.32

3.08 (2.23%)

, BA

Boeing

$339.38

8.26 (2.49%)

14:09
10/22/19
10/22
14:09
10/22/19
14:09
Periodicals
United Tech sees no extra cut in Boeing 737 MAX production in 2019, Reuters says »

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UTX

United Technologies

$141.32

3.08 (2.23%)

BA

Boeing

$339.38

8.26 (2.49%)

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  • 22

    Oct

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    Oct

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