Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock observed trading -63.69% off 52-week high price. On the other end, the stock has been noted 88.34% away from low price over the last 52-weeks. The stock disclosed a move of 6.02% away from 50 day moving average and -41.26% away from 200 day moving average. Moving closer, we can see that shares have been trading 18.65% off 20-day moving average. It has market cap of $898.07M and dividend yield of 10.53%.
On May 08, 2020, Bed Bath & Beyond Inc. (NASDAQ:BBBY) provided an update to its COVID-19 response, including the actions it is taking to expand its omnichannel services to customers, and the measured steps it is taking to re-open stores to the public and strengthen the business for the long-term.
On April 24, 2020, the Company extended the temporary closure of all its retail banner stores across the US and Canada, other than its buybuy BABY (BABY) and Harmon Face Values (Harmon) stores, until at least May 16, 2020. Based on the latest guidance from federal, state and local government and health authorities, Bed Bath & Beyond is providing Buy-Online-Pick-Up-In-Store (BOPIS) and contactless curbside delivery services to customers at a number of store locations across the US and Canada.
, the Company announced plans to further expand these store fulfillment services, and to initiate a phased approach to fully re-open a number of stores, subject to state and local regulations. The Company expects the majority of stores across its retail banners to remain closed to the public until at least May 30, 2020. The approach to re-opening stores will include the following measured steps:
- Expand BOPIS and contactless curbside pickup services to at least 200 additional locations, taking the total number of locations that offer these services to approximately 750 stores, or approximately 50% of the Company’s total store fleet across the US and Canada.
- Continue to expand its fulfilment capabilities to support increased demand across its digital channels, enabling the Company to ship online orders in two days or less on average, or make orders available for pick-up in less than two hours for customers using BOPIS and contactless curbside services.
- In addition to its BABY and Harmon stores that have remained open to provide essential goods throughout this period, the Company intends to gradually re-open its other retail banner stores to the public, starting with approximately 20 stores, including its Bed Bath & Beyond and Christmas Tree Shops stores, by May 22, subject to state and local regulations.
- Implement a new Store Safety Plan to promote a safe shopping experience across all stores scheduled to re-open to customers, enhancing existing safety protocols across its operations.
The USA based company Bed Bath & Beyond Inc. moved with change of 11.76% to $6.46 with the total traded volume of 9881296 shares in recent session versus to an average volume of 14.38M. The stock was observed in the 5 days activity at 14.64%. The one month performance of stock was 13.33%. BBBY’s shares are at -57.81% for the quarter and driving a -59.80% return over the course of the past year and is now at -62.66% since this point in 2018. Right now the stock beta is 2.39. The average volatility for the week and month was at 9.24% and 11.64% respectively. There are 139.02M shares outstanding and 120.69M shares are floated in market.