Barclays Keeps Bed Bath & Beyond (BBBY) As A 'Top Pick'; Previews Q1

June 14, 2012 1:56 PM EDT Send to a Friend
Get Alerts BBBY Hot Sheet
Price: $66.94 --0%

Rating Summary:
    6 Buy, 15 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 0
Trade BBBY Now!
Join SI Premium – FREE
Barclays maintains an 'Overweight/Top Pick' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $76.00.

Analyst, Alan M. Rifkin, said, "BBBY's consistency in execution and outperformance
regardless of the economy, coupled with management's merchandising focus and
strict expense discipline, are impressive traits and warrant a premium multiple."

Rifkin expects Q1 EPS of $0.83 and comps of 4% and doesn't sees any impact from the Cost Plus acquisition (management expects deal to close in Q2, accretive to 2012 earnings). The Linens acquisition should be offset by BBBY's stock buyback plan.

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 $70.66 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Barclays, Stock Buyback, Earnings

Add Your Comment