Gilford Securities Reiterates Buy on Bed Bath & Beyond (BBBY)

Gilford Securities is out with its report today on Bed Bath & Beyond BBBY, reiterating Buy after strong SSS in 4Q10. In a note to clients, Gilford Securities writes, "An 8.5% same-store sales gain for 4Q/F10 came on top of an 11.5% gain a year ago, and compared with guidance for a mid-single digit increase and consensus of 3.2%. An 11.6% sales increase for 4Q/F10 produced a 30% jump in EPS to $1.12 from $0.86. Consensus was $0.97. For the full year, EPS jumped 33% and followed a 40% leap last year." Gilford has raised its EPS to $3.60 for FY11. At the time of posting, shares of BBBY were trading at $54.04, up 9.41% from Wednesday's close.