Bed Bath & Beyond is Covered with a $81 Price TargetCoverage on Bed Bath & Beyond has started regarding the price target. The target has been set on the basis of 14.53x multiple on the FY16E EPS.

We are initiating coverage on the home goods company Bed Bath & Beyond (NASDAQ:BBBY) with an $81 price target. We arrive at this price target based on a 14.53x multiple on our FY16E EPS. We have a neutral stance on BBBY, given good growth potential and solid fundamentals combat what we view as several obstacles to improving topline and bottom-line growth.

To arrive at our price target, we have compiled the chart below detailing a cross comparison of important metrics for major players in the home goods space, including BBBY, Williams-Sonoma (NYSE:WSM), Restoration Hardware (NYSE:RH), Haverty Furniture (NYSE:HVT), and Kirkland (NASDAQ:KIRK). Please note all data can be found for public access on Yahoo Finance.

We are initiating coverage on the home goods company Bed Bath & Beyond (NASDAQ:BBBY) with an $81 price target. We arrive at this price target based on a 14.53x multiple on our FY16E EPS. We have a neutral stance on BBBY, given good growth potential and solid fundamentals combat what we view as several obstacles to improving topline and bottom-line growth.

To arrive at our price target, we have compiled the chart below detailing a cross comparison of important metrics for major players in the home goods space, including BBBY, Williams-Sonoma (NYSE:WSM), Restoration Hardware (NYSE:RH), Haverty Furniture (NYSE:HVT), and Kirkland (NASDAQ:KIRK). Please note all data can be found for public access on Yahoo Finance.

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