Bed Bath & Beyond Inc. (BBBY): Today's Featured Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Bed Bath & Beyond ( BBBY) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.1%. By the end of trading, Bed Bath & Beyond rose $0.91 (1.2%) to $77.51 on light volume. Throughout the day, 1,391,358 shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 1,877,700 shares. The stock ranged in a price between $76.16-$77.78 after having opened the day at $76.54 as compared to the previous trading day's close of $76.60. Other companies within the Services sector that increased today were: China Metro-Rural Holdings ( CNR), up 25.0%, Mecox Lane ( MCOX), up 23.2%, FreeSeas ( FREE), up 21.0% and Gaiam Inc. Class A ( GAIA), up 20.2%.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $16.7 billion and is part of the retail industry. Shares are up 36.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Bed Bath & Beyond a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Bed Bath & Beyond as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, 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.

On the negative front, Body Central ( BODY), down 32.3%, Weight Watchers International ( WTW), down 19.2%, China Yida ( CNYD), down 11.5% and RadioShack ( RSH), down 11.1% , were all laggards within the services sector with Omnicom Group ( OMC) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

How to Not Get Robbed by Holiday Returns

How to Not Get Robbed by Holiday Returns

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Trade Higher After Passage of U.S. Tax Law

Stocks Trade Higher After Passage of U.S. Tax Law