Bed Bath & Beyond is Covered with a $81 Price TargetCoverage on Bed Bath & Beyond has started regarding the $81 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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