NEW YORK ( TheStreet) -- Bed Bath & Beyond (Nasdaq: BBBY) hit a new 52-week high Friday as it is currently trading at $61, above its previous 52-week high of $60.91 with 1.8 million shares traded as of 3:01 p.m. ET. Average volume has been three million shares over the past 30 days.

Bed Bath & Beyond has a market cap of $14.6 billion and is part of the services sector and retail industry. Shares are up 21.4% year to date as of the close of trading on Thursday.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has a P/E ratio of 17.1, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Bed Bath & Beyond as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Bed Bath & Beyond Ratings Report.

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