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Bed Bath & Beyond (BBBY) Falls: Stock Goes Down 7.2%

Zacks Equity Research

Bed Bath & Beyond Inc. (BBBY) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BBBY, as the stock is now down almost 9% since Jun 9, 2014.
The home furnishings retailer has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
BBBY currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same industry include Build-A-Bear Workshop Inc. (BBW), with a Zacks Rank #1 (Strong Buy), Five Below, Inc. (FIVE) and Office Depot, Inc. (ODP), holding a Zacks Rank #2 (Buy).
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BED BATH & BEYOND INC (BBBY): Free Stock Analysis Report

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