Through fiscal 2015, the company expects a slow increase of 2-3% in comparable sales. Net sales are expected to be 90 basis points above comparable sales for the full year. Our price estimate for Bed, Bath & Beyond stands at $70.29 per share, approximately 2% below its current market price. This price estimate incorporates our base case scenario of gradual recovery in the housing market over the forecast period. It also incorporates the expectation that Bed, Bath & Beyond’s investments in omni-channel retailing will achieve scale in the short run.
Source Forbes - Markets http://ift.tt/1eR56dE
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