Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Services sector higher today making it today's featured services winner. The sector as a whole was unchanged today. By the end of trading, Bed Bath & Beyond rose $1.09 (1.9%) to $58.37 on average volume. Throughout the day, 2.8 million shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $57.65-$58.63 after having opened the day at $57.70 as compared to the previous trading day's close of $57.28. Other companies within the Services sector that increased today were:
), up 32.3%,
), up 23.4%,
Birks & Mayors
), up 18.3%, and
), up 11.1%.
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Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $13.5 billion and is part of the retail industry. The company has a P/E ratio of 13.8, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Bed Bath & Beyond a buy, one analyst rates it a sell, and six rate it a hold.
TheStreet Ratings rates Bed Bath & Beyond as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Bed Bath & Beyond Ratings Report.
On the negative front,
), down 28.1%,
), down 22.3%,
), down 22.1%, and
), down 22%, were all laggards within the services sector with
) being today's services sector laggard.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
) while those bearish on the services sector could consider
- Find other investment ideas from our top rated ETFs lists.
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