(BBBY) Bed Bath & Beyond Held at Neutral

We have retained our Neutral stance on specialty retailer, Bed Bath & Beyond Inc. (BBBY), based on the company’s strong quarterly performance, robust outlook and store growth initiatives. However, skepticism prevails over the company’s margins performance given the soft trends witnessed of late. Why Neutral? Bed Bath & Beyond, a leading operator of merchandise and home furnishing stores in the U.S., enjoys a strong countrywide network of more than 1,100 stores along with strict focus on aligning merchandise to suit consumer preferences, bolstering its position in the market. We remain impressed by the company’s initiatives of expanding and renovating stores as well as its focus on refreshing its merchandise mix to boost productivity. We believe these initiatives along with its focus on boosting online presence and making technological advancements should