Bed Bath & Beyond, Ross Stores: S&P Gainers

NEW YORK ( TheStreet) -- It was a bullish day for a few retail stocks within the S&P 500, buoyed by better than expected sales numbers.

Bed Bath & Beyond ( BBBY) and Ross Stores ( ROST) were among the best-performing stocks as the S&P 500 fell 0.88 points, or 0.06%, to 1,398.08 on Thursday.

Shares of Bed Bath & Beyond increased 8.49% to $71.85 on about five times the stock's average daily trading volume. The Union, N.J.-based home goods retailer reported Wednesday fourth-quarter earnings that beat analysts' expectations.

Bed Bath & Beyond reported fourth-quarter earnings of $351 million, or $1.48 a share, up from year-earlier earnings of $283.5 million, or $1.12 a share. Analysts expected earnings of $1.33 a share.

Shares of Bed Bath & Beyond hit a 52-week high Thursday of $72.75. The stock's 52-week low of $47.89 was set one year ago.

Bed Bath & Beyond has an estimated price-to-earnings ratio of 14.16X; the average for specialty retail companies is 16.35X. For comparison, Williams-Sonoma ( WSM) has a lower forward P/E of 13.81X; Mattress Firm Holdings' ( MFRM) forward P/E is 28.88X.

Sixteen of the 29 analysts who cover Bed Bath & Beyond rate it buy. Twelve analysts give the stock a hold rating and one rates it sell.

TheStreet Ratings gives Bed Bath & Beyond an A grade with a buy rating and $81.80 price target. The stock has risen 23.94% year-to-date.

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Ross Stores shares increased 2.47% to $59.81 on a little less than double the stock's average daily trading volume. The Pleasanton, Calif.-based discount retailer announced Thursday that its March same-store sales rose 10% and its sales increased 15% to $955 million.

Shares of Ross Stores hit a 52-week high Thursday of $60.02. The stock's 52-week low of $33.50 was set on Aug. 8, 2011.

Ross Stores' forward P/E is 16.23X; the average for apparel retailers is 16.51X. For comparison, both Kohl's ( KSS) and American Eagle Outfitters ( AEO) have lower forward P/Es of 9.46X and 13.86X, respectively.

Analysts were split on Ross Stores with 14 giving the stock a buy rating and 14 rating it hold.

TheStreet Ratings gives Ross Stores an A+ grade with a buy rating and $77.11 price target. The stock has risen 25.84% year to date.


Other top S&P 500 performers Thursday include:
  • Fossil (FOSL): The stock rose 3.25% Thursday to $138.07. The stock has increased 73.98% year to date. TheStreet Ratings gives Fossil an A- grade with a buy rating and $162.18 price target.
  • IntercontinentalExchange (ICE): The stock increased 3.03% Thursday to $138.60. The stock has risen 14.97% year to date. TheStreet Ratings gives IntercontinentalExchange an A grade with a buy rating and $156.14 price target.
  • Avon Products (AVP): The stock rose 2.95% Thursday to $23.42. The stock has increased 34.06% year to date. TheStreet Ratings gives Avon Products a C grade and hold rating.
  • Whole Foods Market (WFM): The stock increased 2.56% Thursday to $83.67. The stock has risen 20.25% year to date. TheStreet Ratings gives Whole Food Markets an A+ grade with a buy rating and $108.43 price target.
  • PPG Industries (PPG): The stock rose 2.52% Thursday to $96.29. The stock has increased 15.33% year to date. TheStreet Ratings gives PPG Industries an A grade with a buy rating and $110.52 price target.
  • TJX (TJX): The stock increased 2.36% Thursday to $40.29. The stock has risen 24.81% year to date. TheStreet Ratings gives TJX an A+ grade with a buy rating and $51.48 price target.
  • Agilent Technologies (A): The stock rose 2.35% Thursday to $44.77. The stock has increased 28.17% year to date. TheStreet Ratings gives Agilent Technologies a B grade with a buy rating and $51.35 price target.
  • Ralph Lauren (RL): The stock increased 2.33% Thursday to $178.06. The stock has risen 28.95% year to date. TheStreet Ratings gives Ralph Lauren an A+ grade with a buy rating and $226.68 price target.

-- Written by Alexandra Zendrian

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