SEC Form SC 13G/A filed by Bed Bath & Beyond Inc. (Amendment)

2/9/22 9:09:37 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 13 BED BATH BEYOND INC COMMON STOCK Cusip #075896100 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #075896100 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,505,668 Item 6: 0 Item 7: 13,801,041 Item 8: 0 Item 9: 13,801,041 Item 11: 13.656% Item 12: HC Cusip #075896100 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 13,801,041 Item 8: 0 Item 9: 13,801,041 Item 11: 13.656% Item 12: IN Cusip #075896100 Item 1: Reporting Person - Fidelity Low-Priced Stock Fund Item 2: (a) [ ] (b) [ ] Item 4: Massachusetts Item 5: 10,442,960 Item 6: 0 Item 7: 0 Item 8: 0 Item 9: 10,442,960 Item 11: 10.333% Item 12: IV Item 1(a). Name of Issuer: BED BATH BEYOND INC Item 1(b). Address of Issuer's Principal Executive Offices: 650 LIBERTY AVENUE UNION, NJ 07083 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 075896100 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 13,801,041 (b) Percent of Class: 13.656% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,505,668 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 13,801,041 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of BED BATH BEYOND INC. No one other person's interest in the COMMON STOCK of BED BATH BEYOND INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Management & Research Company LLC * IA Fidelity Management Trust Company BK Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of BED BATH BEYOND INC at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* Fidelity Low-Priced Stock Fund By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

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Recent Analyst Ratings for

$BBBY

Date	Price Target	Rating	Analyst
2/7/2023		Hold → Sell	Odeon
9/30/2022	$7.50	Sell → Hold	Odeon
9/1/2022		Mkt Perform → Underperform	Raymond James
8/18/2022	$5.00	Neutral → Underperform	Wedbush
8/16/2022	$7.50	Hold → Sell	Odeon
8/16/2022	$5.00	Neutral → Sell	B. Riley Securities
8/9/2022	$4.00	Neutral → Underperform	Robert W. Baird
8/8/2022		Buy → Hold	Odeon

More analyst ratings

SEC Form SC 13G/A filed by Bed Bath & Beyond Inc. (Amendment)

2/9/22 9:09:37 AM ET

$BBBY

Catalog/Specialty Distribution

Consumer Discretionary

Get the next $BBBY alert in real time by email

Recent Analyst Ratings for

$BBBY

Date	Price Target	Rating	Analyst
2/7/2023		Hold → Sell	Odeon
9/30/2022	$7.50	Sell → Hold	Odeon
9/1/2022		Mkt Perform → Underperform	Raymond James
8/18/2022	$5.00	Neutral → Underperform	Wedbush
8/16/2022	$7.50	Hold → Sell	Odeon
8/16/2022	$5.00	Neutral → Sell	B. Riley Securities
8/9/2022	$4.00	Neutral → Underperform	Robert W. Baird
8/8/2022		Buy → Hold	Odeon

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SEC Form SC 13G/A filed by Bed Bath & Beyond Inc. (Amendment)

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SEC Form SC 13G/A filed by Bed Bath & Beyond Inc. (Amendment)

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Press Releases

Bed Bath & Beyond, Inc. Scheduled to Release Second Quarter 2026 Financial Results

Affirm now available across Bed Bath & Beyond's brands, giving shoppers more flexibility for the purchases that make a house feel like home

Bed Bath & Beyond: The American Home Has Been Broken Into Pieces. We Intend To Put It Back Together.

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SEC Filings

Bed Bath & Beyond Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Bed Bath & Beyond Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sales of Equity Securities, Financial Statements and Exhibits

SEC Form 11-K filed by Bed Bath & Beyond Inc.

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Analyst Ratings

Bed Bath & Beyond downgraded by Odeon

Bed Bath & Beyond upgraded by Odeon with a new price target

Bed Bath & Beyond downgraded by Raymond James

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Insider Purchases

Director Tabacco Joseph J Jr bought $102,200 worth of shares (20,000 units at $5.11) (SEC Form 4)

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Insider Trading

Director Burkey Joanna M. sold $63,436 worth of shares (9,943 units at $6.38) as part of a pre-agreed trading plan, decreasing direct ownership by 23% to 32,474 units (SEC Form 4)

Amendment: New insider Ward Tamara claimed ownership of 4,676 shares (SEC Form 3)

SEC Form 4 filed by Director Ward Tamara

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Leadership Updates

Bed Bath & Beyond Launches Legendary Coupon Hunt

Bed Bath & Beyond Appoints Kyla Robinson to Lead Technology Transformation Across "Everything Home"

Bed Bath & Beyond Names Veteran Retail Operator Amy Sullivan President

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Financials

Bed Bath & Beyond, Inc. Scheduled to Release Second Quarter 2026 Financial Results

Bed Bath & Beyond Signs Agreement to Acquire Fathom, Accelerating Its Vision to Create the Nation's First End-to-End Homeownership Platform

Bed Bath & Beyond, Inc. Delivers First Significant Revenue Growth in 19 Quarters on a Materially Lower Cost Base, Driving Improved Profitability

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Large Ownership Changes