NEW YORK, July 19 (Reuters) - Bed Bath & Beyond shares still have room to grow despite having outpaced its rivals by climbing 11 percent in the past year, according to Barron's.
Stock of the home furnishings business, which closed at $32.65 on Friday, could climb nearly 25 percent in the next year, Barron's said, citing predictions of some investors.
'That is because even in this lousy economy, Bed Bath is boosting its store base and earnings,' Barron's said, while some competitors have gone out of business. (Reporting by Ransdell Pierson; Editing by Diane Craft) Keywords: BEDBATHANDBEYOND/ (Reuters Messaging: ransdell.pierson.reuters.com@reuters.net; 646-223-6034; ransdell.pierson@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stock of the home furnishings business, which closed at $32.65 on Friday, could climb nearly 25 percent in the next year, Barron's said, citing predictions of some investors.
'That is because even in this lousy economy, Bed Bath is boosting its store base and earnings,' Barron's said, while some competitors have gone out of business. (Reporting by Ransdell Pierson; Editing by Diane Craft) Keywords: BEDBATHANDBEYOND/ (Reuters Messaging: ransdell.pierson.reuters.com@reuters.net; 646-223-6034; ransdell.pierson@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.