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BBBY

Bed Bath & Beyond

$13.69

-0.3 (-2.14%)

14:40
03/20/19
03/20
14:40
03/20/19
14:40

Put spreads in Bed, Bath and Beyond as a bearish position is adjusted

Put spreads in Bed, Bath and Beyond as a bearish position is adjusted. Shares off 26c to $13.71 and 9.5K May 11 - 14 put spreads sold at $1.13. The vertical probably rolls half of a position opened 2/25 when 19K May 14 puts bought for 67c, with shares $16.71. The stock down $3 since that time and, while half of the May 14 puts are being covered at $1.53 to monetize $817K in profits, a new position in 9.5K May 11 puts opened for 40c in anticipation of further losses in the weeks ahead. Next earnings 4/10 and inside the May expiration.

BBBY Bed Bath & Beyond
$13.69

-0.3 (-2.14%)

03/04/19
LEHM
03/04/19
DOWNGRADE
Target $13
LEHM
Underweight
Bed Bath & Beyond downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Matthew McClintock downgraded Bed Bath & Beyond to Underweight from Equal Weight and lowered his price target for the shares to $13 from $15.
03/04/19
LEHM
03/04/19
DOWNGRADE
Target $13
LEHM
Underweight
Barclays downgrades Bed Bath & Beyond to Underweight with $13 target
Barclays analyst Matthew McClintock downgraded Bed Bath & Beyond to Underweight from Equal Weight and lowered his price target for the shares to $13 from $15. The analyst believes there is "limited, if any," visibility into a potential inflection point towards improving traffic trends. Further, he's "less than optimistic" that the company's gross margin can stabilize in the foreseeable future. While Bed Bath has several efficiency opportunities, these are likely not large enough to overcome a continuation of declining sales pressures, McClintock tells investors in a research note partially titled "More Holes than Swiss Cheese."
03/04/19
03/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Underweight from Equal Weight at Barclays with analyst Matthew McClintock saying he believes there is "limited, if any," visibility into a potential inflection point towards improving traffic trends. 2. Hawaiian Holdings (HA) downgraded to Sell from Hold at Deutsche Bank with analyst Michael Linenberg citing increased competition given Southwest Airlines' (LUV) plans for inter-island flying. 3. Enbridge (ENB) downgraded to In Line from Outperform at Evercore ISI and to Sector Perform from Outperform at Scotiabank and National Bank. 4. SunTrust (STI) downgraded to Neutral from Buy at UBS with analyst Saul Martinez saying his Buy thesis no longer holds due to the proposed merger with BB&T (BBT). 5. Universal Health (UHS) downgraded to Neutral from Overweight at JPMorgan with analyst Gary Taylor saying while he does not have a "new active negative thesis" on the shares, he finds the stock "relatively fairly valued with limited catalysts." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/19
EVER
03/20/19
INITIATION
Target $12
EVER
Underperform
Bed Bath & Beyond initiated with an Underperform at Evercore ISI
Evercore ISI analyst Oliver Wintermantel started Bed Bath & Beyond (BBBY) with an Underperform rating and $12 base case price target, stating that the company faces mounting pressure from online competition, discounters and clubs. The two largest home furnishing retailers, Walmart (WMT) and Target (TGT), "are not standing still," while Wayfair (W) and Amazon (AMZN) are "catching up fast," Wintermantel tells investors.

TODAY'S FREE FLY STORIES

FENG

Phoenix New Media

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ATHX

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CSCO

Cisco

$48.44

0.06 (0.12%)

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GRUB

GrubHub

$36.63

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WTT

Wireless Telecom Group Inc

$1.50

0.04 (2.74%)

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  • 14

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FVRR

Fiverr

$22.55

0.99 (4.59%)

06:04
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Upgrade
Fiverr rating change  »

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  • 09

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ROLL

RBC Bearings

$165.06

-1.19 (-0.72%)

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Downgrade
RBC Bearings rating change  »

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SWK

Stanley Black & Decker

$155.38

-2.295 (-1.46%)

06:04
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06:04
Upgrade
Stanley Black & Decker rating change  »

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  • 18

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NRZ

New Residential

$16.06

-0.07 (-0.43%)

06:03
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Downgrade
New Residential rating change  »

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NBEV

New Age Beverages

$2.50

0.04 (1.63%)

06:02
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Earnings
New Age Beverages reports Q3 EPS (14c), consensus (4c) »

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  • 14

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SFTBF

SoftBank

$0.00

(0.00%)

, SFTBY

SoftBank

$0.00

(0.00%)

06:02
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Periodicals
SoftBank's Yahoo Japan in talks to merge with Naver's Line, Nikkei reports »

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SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

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CSCO

Cisco

$48.44

0.06 (0.12%)

06:01
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  • 09

    Dec

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XRX

Xerox

$37.60

0.14 (0.37%)

, HPQ

HP Inc.

$19.54

-0.005 (-0.03%)

06:00
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Periodicals
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XRX

Xerox

$37.60

0.14 (0.37%)

HPQ

HP Inc.

$19.54

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MYO

Myomo

$0.54

-0.1126 (-17.26%)

05:58
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05:58
Downgrade
Myomo rating change  »

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FLGT

Fulgent Genetics

$13.62

0.11 (0.81%)

05:57
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Syndicate
Fulgent Genetics 2.325M share Spot Secondary priced at $11.25 »

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  • 14

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ECOR

electroCore

$1.88

0.06 (3.30%)

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Downgrade
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ECOR

electroCore

05:56
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Downgrade
electroCore rating change  »

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NICE

Nice

$159.16

0.87 (0.55%)

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Earnings
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EMR

Emerson

$73.10

-0.47 (-0.64%)

05:52
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Downgrade
Emerson rating change  »

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  • 19

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NICE

Nice

$159.16

0.87 (0.55%)

05:51
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05:51
Earnings
Nice reports Q3 EPS $1.30, consensus $1.28 »

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MIME

Mimecast

$43.42

0.28 (0.65%)

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  • 19

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PRGS

Progress Software

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WB

Weibo

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WB

Weibo

$52.81

-0.67 (-1.25%)

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