Nomura Securities Maintains a 'Neutral' on Bed Bath and Beyond (BBBY); Q4 Review
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Price: $4.35 -2.03%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Bed Bath and Beyond (NASDAQ: BBBY) price target raised $3 to $66.00.
Analyst, Aram Rubinson, said, "BBBY reported strong FQ4 results. EPS of $1.48 were $0.15 ahead of expectations and $0.22 ahead of our conservative estimate. Stronger sales and an absolute dollar decline in SGA offset weaker gross margins. We are raising our FY12 EPS estimate from $4.26 to $4.55 (Street $4.45) based on a comp of +4.0% (from +3.0%). That reflects better expected trends. While some may quibble with BBBY's lower GM trend and a conservative 2012 outlook, we see that good companies continue to find ways to perform well. Despite the investments planned for this year, we believe the company is likely to grow even as it invests."
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 $66.23 yesterday.
Analyst, Aram Rubinson, said, "BBBY reported strong FQ4 results. EPS of $1.48 were $0.15 ahead of expectations and $0.22 ahead of our conservative estimate. Stronger sales and an absolute dollar decline in SGA offset weaker gross margins. We are raising our FY12 EPS estimate from $4.26 to $4.55 (Street $4.45) based on a comp of +4.0% (from +3.0%). That reflects better expected trends. While some may quibble with BBBY's lower GM trend and a conservative 2012 outlook, we see that good companies continue to find ways to perform well. Despite the investments planned for this year, we believe the company is likely to grow even as it invests."
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 $66.23 yesterday.
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