Bed Bath & Beyond (BBBY) Tops Estimates, Shares Surge
Last Thursday, shares of Bed Bath & Beyond (BBBY: Charts, News) rallied 8.5% into the end of the week after it reported strong fiscal 2011 earnings along with optimistic guidance for 2012.
Shares were notably trading at five times normal volume as they rose to touch an all-time high of $72.75, before closing at $71.85. Despite the recent run up, the stock is not fundamentally overvalued. Its forward P/E of 14.2 and 5-year PEG ratio of 1.1 suggest that the stock is still cheap enough for value investors, and will benefit from any further improvements in the American economy.Daily Chart
The retailer, which specializes in home dï
Published on Apr 9, 2012
By Leo Sun