Bed Bath & Beyond Inc. BBBY,
said in a filing that it signed a share repurchase agreement with JPMorgan in which the home goods retailer will acquire $ 150 million shares. The purchase will be part of the previously authorized $ 825 million share repurchase program, leaving $ 450 million available. The agreement is part of an Accelerated Share Repurchase Agreement (ASR) that is expected to be completed during the fourth fiscal quarter of Bed Bath & Beyond, which will end on February 27, 2021. The shares of Bed Bath & Beyond rose 2.8% in Friday’s trade. after sinking about 11% on Thursday. Shares have risen 11.2% over the past year, while the S&P 500 index [s:s px] has increased by 17.5% during the period.