Bed Bath & Beyond

Oppenheimer said today that it looks very favorably upon the much better-than-expected 3Q (Nov.) results and updated FY10 (Feb. 2011) outlook that Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported last night. “Sales trends have accelerated significantly at BBBY lately with two-year comps in 3Q of...

Sterne Agee is tweaking its Bed Bath & Beyond Inc. (NASDAQ: BBBY) estimate for Q4 to $0.96 from $0.93 with slightly higher sales and lower SG&A, “which brings our estimate for the full year to $2.91 from $2.79.” Additionally Sterne Agee is raising its estimates for FY11 and FY12 to $3.21...

J.P. Morgan is raising its Dec 11 PT on Bed Bath & Beyond Inc. (NASDAQ: BBBY) to $56 from $52. “We are raising our December 2011 price target to $56 from $52 based on ~16.5x PE and 8.0x EV/EBITDA using our 2011 forecasts. This is slightly below its mixed historical five year FY1 PE and EV/...

Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported a solid beat and raise, and Citigroup said that it believes that investors will view the large share repurchase favorably, “which should provide a valuation lift in the NT.” “We are raising our FY11 est to $2.94 from $2.85, our FY12 estimate to $3....

Piper Jaffray has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $47 to $49.

JP Morgan has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $52 to $56.

Jefferies & Company has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $49 to $57.

JP Morgan has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $49 to $52.

Excel Trust, Inc. (NYSE: EXL), a retail focused real estate investment trust (REIT), has signed a $92.5M contract to acquire a 739,234 square foot retail shopping center (of which 597,787 is owned) in Stockton, California. Built in 2004, the center is anchored by Lowe's, Target (non-owned), Kohl's...

Wedbush has raised the price target for Bed Bath & Beyond (NASDAQ: BBBY) to $50 from $48.

Sterne Agee writes that Bed Bath & Beyond (NASDAQ: BBBY) "reported Q2 EPS of $0.70 (vs. $0.52 LY), beating our estimate and FC of $0.63, which were at the high end of management's $0.59-$0.63 guidance range. Total sales gained 11.6% to $2.137 billion driven by a SSS gain of 7.4% relative to our...

Goldman Sachs is expecting a solid quarter from Bed Bath & Beyond (NASDAQ: BBBY) "with beats on the top and bottom lines, and potential for follow through into future quarters from a sizable buyback. We stand at $0.66 vs. $0.52 a year ago, above consensus of $0.63 and guidance of $0.59-$0.63,"...

The U.S. Consumer Product Safety Commission (CPSC) announced a recall of all Generation 2 Worldwide and “ChildESIGNS” drop side cribs because of a "risk of serious injury or death due to strangulation and suffocation hazards presented by the cribs." The CPSC has received reports of three infants...