Barron's Miriam Gottfried said it is a good time to sell shares of Bed, Bath & Beyond (NYSE:BBBY), now that there was a boost in the share price after strong third-quarter numbers.
With the U.S. economy remaining extremely weak, Gottfried said it's unlikely it'll support the higher-margin items offered by Bed, Bath & Beyond going forward.
FBR Capital Markets concurred, saying, "We expect the strong home furnishings/décor category sales trends that have been enjoyed by the sector to moderate, if only on the sheer math of comparisons.
"We would not chase it on the heels of an admittedly stronger-than-expected quarter for sales."
Bed, Bath & Beyond was trading at $49.25, down $0.85, or 1.70 percent, as of 12:03 PM EST.
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