Barclays Reiterates an 'Overweight' on Bed Bath & Beyond (BBBY); Positive On The Store-In-Store Concept
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Price: $69.53 +1.85%
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade BBBY Now!
Barclays reiterates an 'Overweight' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $76.00.
Analyst, Alan M. Rifkin, said, "We recently toured Bed Bath & Beyond's East Hanover, NJ store, which features a broad assortment of higher-end epicurean food and beverages. World Market, as it is named, is an approximate 4,000 square foot department within a traditional Bed Beth & Beyond store, that approximates 50,000 square feet overall."
Rifkin sees continued market share gains with the new store-in-store concept, along with an attractive valuation, despite the growth in e-commerce transactions/competition (Barclays maintains FY12/13 EPS estimate at $0.01/0.07).
For an analyst ratings summary and ratings history on Bed Bath & Beyond click here. For more ratings news on Bed Bath & Beyond click here.
Shares of Bed Bath & Beyond closed at $68.12 yesterday, with a 52 week range of $48.75-$72.75.
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Analyst, Alan M. Rifkin, said, "We recently toured Bed Bath & Beyond's East Hanover, NJ store, which features a broad assortment of higher-end epicurean food and beverages. World Market, as it is named, is an approximate 4,000 square foot department within a traditional Bed Beth & Beyond store, that approximates 50,000 square feet overall."
Rifkin sees continued market share gains with the new store-in-store concept, along with an attractive valuation, despite the growth in e-commerce transactions/competition (Barclays maintains FY12/13 EPS estimate at $0.01/0.07).
For an analyst ratings summary and ratings history on Bed Bath & Beyond click here. For more ratings news on Bed Bath & Beyond click here.
Shares of Bed Bath & Beyond closed at $68.12 yesterday, with a 52 week range of $48.75-$72.75.
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