Bed Bath & Beyond Reaches New 52-Week High (BBBY)

NEW YORK ( TheStreet) -- Bed Bath & Beyond (Nasdaq: BBBY) hit a new 52-week high Wednesday as it is currently trading at $64.20, above its previous 52-week high of $63.83 with 377,257 shares traded as of 9:40 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Bed Bath & Beyond has a market cap of $15.16 billion and is part of the services sector and retail industry. Shares are up 7.4% year to date as of the close of trading on Tuesday.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has a P/E ratio of 16.7, below the average retail industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7.

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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Bed Bath & Beyond Ratings Report.

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