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Oppenheimer's Latest Thoughts On Bed Bath & Beyond

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In a report published Thursday, Oppenheimer analyst Brian Nagel commented on Bed Bath & Beyond Inc. (NASDAQ: BBBY)'s fourth quarter results, which were released on Wednesday after market close.

According to Nagel, Bed Bath & Beyond's results shows that its business model is in transition; specifically, in the early stages of developing an online strategy while tweaking its promotional offerings.

Nagel commented on the company's initial fiscal 2015 implied GAAP earnings per share guidance of $5.07 to $5.32, which is below the Street's estimate of $5.44. The company's first quarter earnings per share guidance of $0.90 to $0.95 is also short of the Street's $1.02 expectations. The analyst noted that the guidance reflects "to a certain extent" ongoing pressures in its existing business model.

Nevertheless, Nagel reiterated an Outperform rating and $85 price target given a favorable longer-term view of the company.

Latest Ratings for BBBY

DateFirmActionFromTo
Aug 2019UpgradesUnderperformIn-Line
Jul 2019MaintainsStrong Buy
Jul 2019MaintainsEqual-Weight

View More Analyst Ratings for BBBY
View the Latest Analyst Ratings

Posted-In: Bed Bath & Beyond Brian Nagel Oppenheimer retailersAnalyst Color Reiteration Analyst Ratings

 

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