Deutsche Bank Defends Bed Bath & Beyond (BBBY); Long-Term Thesis Intact; Raises Estimate on Accretive Acquisition
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Price: $0.08 --0%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Deutsche Bank maintains a 'Buy' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $75.00.
Deutsche analyst said, "BBBY reported 1Q12 EPS of $0.89, though this included an approximate $0.06 tax benefit. Comps were 3%, below consensus of 4%, however, operating margins were up 40 bps vs guidance of flat, as cost controls helped to offset lower than expected gross margins. We maintain our Buy rating as the long-term thesis of square footage growth, solid cash flow generation and organic operating margin expansion remain intact."
Deutsche Bank raises estimates to include acquisition accretion assumptions.
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 $73.67 yesterday.
Deutsche analyst said, "BBBY reported 1Q12 EPS of $0.89, though this included an approximate $0.06 tax benefit. Comps were 3%, below consensus of 4%, however, operating margins were up 40 bps vs guidance of flat, as cost controls helped to offset lower than expected gross margins. We maintain our Buy rating as the long-term thesis of square footage growth, solid cash flow generation and organic operating margin expansion remain intact."
Deutsche Bank raises estimates to include acquisition accretion assumptions.
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 $73.67 yesterday.
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