Bed Bath & Beyond Inc. (BBBY) recently reported better-than-expected second quarter 2009 results with a low single-digit growth in the top-line and a surprise double-digit rise in the bottom-line. The company’s quarterly earnings of 52 cents a share surpassed the Zacks Consensus Estimate of 48 cents, and jumped 13.0% year on year from 46 cents reported in the prior-year quarter. Results were favorably impacted by the uptick in sales as well as retailer’s effective cost management, which offset the slump in demand for home furnishings due to slowdown in the housing industry. Consequently, operating profit climbed by 18.5% to $222 million, whereas operating margin expanded 150 basis points to 11.6%. The houseware retailer continues to experience growth in the top-line due to the opening of new stores. After increasing 2.8% in the first quarter of 2009, net sales rose 3.3% in the quarter under ...

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Bed Bath & Beyond, Inc. (...

We are presenting a list of companies which we believe are currently mispriced, based on our estimate of fair value, by the market. We develop our fair value ranges by projected free cash flow out one year and estimating an appropriate FCF multiple based on our assessment of risk and the strength of the balance sheet.

Cisco Systems [CSCO: 19.57, +0.84 (+4.48%)] Recent Price $17.04 Value Range 21.86 – $38.41 Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world. Its products are designed to transform how people connect, communicate and collaborate. Cisco Systems, Inc.’s products, which include primarily routers, switches, and products that the

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Shares of Borders Group, Inc. (BGP) gained more than 11% during a solid session for the market, making this bookseller a top-performing Zacks #1 Rank stock for Monday.

< ?DART(15);?> There are several retail-related companies on today's Zacks #1 Rank List (which includes 225 stocks), but only 3 are from the retail - miscellaneous/diversified industry. In addition to BGP, those companies include Bed Bath & Beyond Inc. (BBBY) and Jo-Ann Stores, Inc. (JAS).

BGP is moving on volume of nearly 208,000, which is well below the average of 639,000.

Earnings Estimates

Profit expectations for this fiscal year and next haven't moved in the past month, but remain dramatically higher than 2 months ago.

For the year ending January 2010, analysts currently predict a profit of 3 cents per share; a remarkable turnaround from 60 days ago when expectations called

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For Immediate Release

Chicago, IL - June 29, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Masimo Corporation (MASI), Gentiva Health Services (GTIV), Bed Bath & Beyond, Inc. (BBBY), Palm, Inc. (PALM) and NIKE, Inc. (NKE).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday's Analyst Blog:

Masimo Trades Near Fair Levels

Masimo Corporation (MASI) Q109 results were strong, with solid revenue and EPS growth. In our recent report on the company, we note the current price trades at a P/E/G multiple of 1.3x for 2009, greater

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Bed Bath & Beyond Inc. Beats Consensus Estimates, Shares RiseOn June 24, Bed Bath & Beyond, Inc. (BBBY) released earnings results for the first quarter ended May 30, 2009.The company performed above expectations. It reported a net income of $87.2 million or $0.34 per share, compared to $76.8 million or $0.30 per share the same quarter a year ago, thus beating the consensus EPS estimate by 9 cents. The company has beaten consensus estimates in each of the last three quarters.Net sales rose by 2.8% to $1.69 billion, up from $1.65 billion, which again was slightly above the consensus estimate of $1.68 billion. However, same-store sales declined by a less-than-expected 1.6%. Same-store sales have declined in five of the past six quarters, after having risen every quarter since the company went public ...

Shares of Kirkland's, Inc. (KIRK), a specialty retailer of home decor, are up about 7% Friday, which is enough to be recognized as a top-performing Zacks #1 Rank company.

< ?DART(15);?> KIRK, as well as its industry, got some help recently from a solid report out of Bed Bath & Beyond, Inc. (BBBY). In addition, the company received a brokerage upgrade today to "Buy" from "Neutral".

Earnings estimates remain well above levels from 2 months ago by 67% for the fiscal year ending January 2010 and by 59% for the fiscal year ending January 2011.

KIRK is the only company from the retail - home furnishings industry on today's Zacks #1 Rank List, which includes 224 stocks. It is trading on extremely high volume of more than 1.1 million, compared to its average of 481,000.

First Quarter Earnings were

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For Immediate Release

Chicago, IL - April 9, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Family Dollar Stores, Inc. (FDO), Bed Bath & Beyond, Inc. (BBBY), Atheros Communications, Inc. (ATHR), Sun Microsystems Inc. (JAVA) and IBM Corp. (IBM).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

2 Retailers Worth a Look

Two retailers that may be worth a look are Family Dollar Stores, Inc. (FDO) and Bed Bath & Beyond, Inc. (BBBY). Both reported quarterly results and investors liked what they

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