$BBBY Will Re-Test Highs?

"Revenue at stores open at least a year rose 7 percent. That's an important retail measurement because it excludes the effects of stores that open or close during the year.
The company reported net income of $180.6 million, or 72 cents per share, for the quarter, compared with $137.6 million, or 52 cents per share, in the same quarter last year. Revenue rose nearly 10 percent to $2.11 billion.
The results beat analyst expectations of 62 cents per share on revenue of $2.07 billion, according to FactSet.
Bed Bath & Beyond said it now expects to earn 77 to 82 cents per share for the second quarter. Analysts had expected 82 cents per share.
In raising its full-year forecast, Bed Bath & Beyond said it expects earnings to rise 15 percent to 20 percent from last year. In April, the company said it expected a 10 percent to 15 percent increase." AP

Good results; 15P/E for a 10% sales grower seems reasonable which gives something in the area of $55.00 to 57.00 . (No debt...full of cash).