Sterne Agee Tweaks BBBY Estimates

Sterne Agee is tweaking its Bed Bath & Beyond Inc. BBBY estimate for Q4 to $0.96 from $0.93 with slightly higher sales and lower SG&A, “which brings our estimate for the full year to $2.91 from $2.79.” Additionally Sterne Agee is raising its estimates for FY11 and FY12 to $3.21 and $3.50, respectively, from $3.04 and $3.41 previously, primarily reflecting a lower share count. Bed Bath & Beyond closed Wednesday at $47.67.