Bed Bath and Beyond (NASDAQ:BBBY) Buying Back $2 Billion in Shares

After reporting a decent last quarter, Bed Bath and Beyond (NASDAQ:BBBY) added that over the next two years they'll buying back $2 billion in shares.

Results from the latest quarter seem to imply consumers are starting to spend on their homes again, although we really won't know if its just a Christmas bounce until the next quarterly results.

Goldman Sachs (NYSE:GS) thinks it's sustainable, and have increased EPS estimates for full year 2010-12 from $2.86, $3.20, and $3.65 to $2.95, $3.40, and $3.85.

Goldman maintains their "Neutral" rating on Bed Bath and Beyond, which was trading at $50.58, up $2.91, or 6.10 percent, as of 11:40 AM EST.