Collins Stewart Starts Bed Bath and Beyond (BBBY) at Buy; Industry Leadership Drives Outsized Returns

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Collins Stewart initiates coverage on Bed Bath and Beyond (NASDAQ: BBBY) with a Buy. PT $69.00.

Collins analyst says, "Despite BBBY’s 22%+ market share in the fragmented home-furnishings category, we believe the company still has significant room to grow sales and EPS through both e-commerce and its brick-and-mortar operations. The company’s $7/share-plus cash position is capable of supporting growth initiatives such as building the e-commerce business, expanding the buybuy Baby concept, and investing in its supply chain. BBBY could also sustain an aggressive share repurchase program or possibly initiate a dividend."

For an analyst ratings summary and ratings history on Bed Bath and Beyond click here. For more ratings news on Bed Bath and Beyond click here.

Shares of Bed Bath and Beyond closed at $61.22 yesterday, with a 52 week range of $44.79-$63.83.

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