FBR Capital Maintains a 'Market Perform' on Bed Bath and Beyond (BBBY); Into 1Q11
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Price: $68.27 --0%
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 2 | New: 9
Rating Summary:
10 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 2 | New: 9
Trade BBBY Now!
FBR Capital maintains a 'Market Perform' on Bed Bath and Beyond (NASDAQ: BBBY)
FBR analyst says, "Shares of home furnishings retailer BBBY look "fair" heading into the company's 1Q11E print expected after the close Wednesday, 6/22/11, and we maintain a Market Perform rating. The home furnishings/housewares space in general has been a healthy area within retail for many of the standalone chains and certain department stores. The home furnishings category, including housewares, home decor, and small appliances, has been helped for the past two years by: (1) leftover reductions in former capacity, a la the late-2008 liquidation of Linens 'n Things; (2) the lower-ticket nature of products; and (3) mixed execution by some larger companies (JCPenney (NYSE: JCP), Target (NYSE: TGT), Wal-Mart (NYSE: WMT)), whose competitive threat to date has not been felt by Bed Bath & Beyond."
For more ratings news on Bed Bath and Beyond click here and for the rating history of Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $54.06 yesterday, with a 52 week range of $35.55-$57.90.
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FBR analyst says, "Shares of home furnishings retailer BBBY look "fair" heading into the company's 1Q11E print expected after the close Wednesday, 6/22/11, and we maintain a Market Perform rating. The home furnishings/housewares space in general has been a healthy area within retail for many of the standalone chains and certain department stores. The home furnishings category, including housewares, home decor, and small appliances, has been helped for the past two years by: (1) leftover reductions in former capacity, a la the late-2008 liquidation of Linens 'n Things; (2) the lower-ticket nature of products; and (3) mixed execution by some larger companies (JCPenney (NYSE: JCP), Target (NYSE: TGT), Wal-Mart (NYSE: WMT)), whose competitive threat to date has not been felt by Bed Bath & Beyond."
For more ratings news on Bed Bath and Beyond click here and for the rating history of Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $54.06 yesterday, with a 52 week range of $35.55-$57.90.
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