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

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 lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Bed Bath & Beyond fell $0.74 (-1.1%) to $67.40 on average volume. Throughout the day, 3,875,938 shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 2,707,400 shares. The stock ranged in price between $66.88-$68.19 after having opened the day at $67.60 as compared to the previous trading day's close of $68.14. Other companies within the Services sector that declined today were: dELiA*s ( DLIA), down 16.7%, ChinaNet Online Holdings ( CNET), down 16.4%, BioScrip ( BIOS), down 12.3% and NutriSystem ( NTRI), down 10.4%.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $14.3 billion and is part of the retail industry. Shares are down 16.3% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Bed Bath & Beyond a buy, no analysts rate it a sell, and 10 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 growth in earnings per share, revenue growth, notable return on equity, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, E-Commerce China Dangdang ( DANG), up 31.9%, J.C. Penney ( JCP), up 25.3%, Management Network Group ( TMNG), up 19.2% and ICF International ( ICFI), up 18.8% , were all gainers within the services sector with Wynn Resorts ( WYNN) being today's featured services sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers