Best Promising Stocks To Own Right Now

Best Promising Stocks To Own Right Now: Bed Bath & Beyond Inc.(BBBY)

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, including kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and certain juvenile products. The company also offers giftware, household products, and health and beauty care items; and infant and toddler merchandise. It operates stores under the names of Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), and buybuy BABY. As of August 27, 2011, the company had a total of 1,155 stores, including 986 BBB stores, 70 CTS stores, 54 buybuy BABY stores, and 45 Harmon stores in 50 states, the District of Columbia, Puerto Rico, and Canada. It also operates two stores under the name of Home & More in the Mexico City through a joint venture. Bed Bath & Beyond Inc. was foun ded in 1971 and is based in Union, New Jersey.

Advisors' Opinion:

• [By Ben Levisohn]

  Bed Bath & Beyond (BBBY) has gained 0.9% to $59.89 as a big share repurchase trumped a BofA Merrill Lynch Underperform from Neutral.

  Tesla (TSLA) has dipped 0.9% to $227.27 after a stolen Tesla Model S was split in two and burst into flames following a high speed chase.

• [By Lisa Levin] Related BBBY Stock Market News For June 27, 2014 - Market News Bed Bath & Beyond (BBBY) Falls: Stock Goes Down 7.2% - Tale of the Tape Nasdaq Crumbles in Worst Rout Since '11 (Fox Business)

  At 10:40 am, the Dow jumped 0.39% to 17,042.41, the broader Standard & Poor's 500 index moved up 0.30% to 1,980.61 and the NASDAQ comp! osite index rose 0.34% to 4,472.99.

• [By Jesse Solomon]

  In the loser category, Coach (COH) has taken the worst with an almost 40% decline, while Whole Foods (WFM) has dropped over 30%. Staples (SPLS), Bed Bath & Beyond (BBBY), Best Buy (BBY), and Amazon (AMZN, Tech30) aren't far behind in the unglamorous contest for the biggest loser.

• [By Ben Levisohn]

  Shares of Bed Bath & Beyond (BBBY) fell to their lowest level in 17 months after the retailer missed earnings forecasts and offered disappointing guidance.

  Bed Bath & Beyond reported a first-quarter profit of 93 cents a share, below forecasts for 94 cents, and predicted it would earn between $1.08 and $1.16 during the second quarter, below the Street consensus for $1.20.

  Canaccord’s Laura Champine and Jason Smith zero in on Bed Bath & Beyond’s margins:

  Gross margin fell to its lowest level this decade in Q1. BBBY's margin declined 74bps to 38.8%, 17bps worse than our forecast. This was offset by less SG&A expense deleverage than we had anticipated…

  We remain on the sidelines at this time. There is no clear near-term catalyst in place to drive a gross margin recovery in our view, and visibility into how long the current level of operational investments will continue remains limited.

  Bed Bath & Beyond’s “saving grace:” It’s free cash flow, says BB&T’s Anthony Chukumba and Daniel Cannata. They explain:

  Bed Bath & Beyond's worse-than-expected Q1'14 results and Q2'14 guidance further highlight the difficult position in which the company currently finds itself, including facing increased competition from online retailers while its own e-commerce efforts are woefully behind in our opinion. We are particularly disturbed by the combination of a continued slowdown in comparable-store sales and gross margin degradation—which suggest to us the company’s ramped up coupon effort! s have be! en largely ineffective at driving incremental gross profit dollars. We think Bed Bath & Beyond’s only saving grace is the company’s strong free cash flow, which has allowed it to maintain some semblance of EPS growth through share repurchases. Thus, we are maintaining our Hold rating.

  Shares of Bed Bath & Beyond have fallen 7.4% to

source from Top Stocks For 2015:http://www.topstocksblog.com/best-promising-stocks-to-own-right-now-3.html