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

NEW YORK ( TheStreet) -- Bed Bath & Beyond (Nasdaq: BBBY) hit a new 52-week high Monday as it is currently trading at $67.06, above its previous 52-week high of $66.72 with 68,602 shares traded as of 9:35 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 13.4% year to date as of the close of trading on Friday.

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