51.97 0.00 (0.00%)
After hours: 5:56PM EST
|Bid||51.75 x 1100|
|Ask||52.37 x 800|
|Day's Range||51.56 - 53.50|
|52 Week Range||51.56 - 84.37|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||13.62|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||1.80 (3.25%)|
|1y Target Est||72.74|
Best Buy (BBY) stock fell 5.7% on December 17 in reaction to a downgrade by Bank of America Merrill Lynch to “underperform” from “neutral.” Bank of America Merrill Lynch also lowered its price target for Best Buy stock to $50 from $70. The downgrade reflected a likely deceleration in sales for some consumer electronics product categories, like TVs, gaming, and Apple’s (AAPL) iPhones.
Best Buy, which already has significantly cut its employee turnover by offering new perks like extra training tuition assistance and family leave for front-line workers, this week unveiled a new offering: low-cost backup child care.
Two of the top five best-selling televisions on Amazon as of Dec. 17 are models sold on Best Buy’s new storefront on Amazon, which the companies unveiled over the summer. The TVs come equipped with Amazon’s Fire smart-TV platform, which can link with the company’s Echo devices for voice-activated channel surfing and streaming. The two Fire TVs, one made by Toshiba and the other from Best Buy house brand Insignia, are also available in Best Buy stores and on its website.
As I usually do with the retailers, I visited my local Best Buy location before taking on some shares. The last highly rated, high profile analyst that I see that still has a buy rating on BBY, and a much higher price target ($81) is Piper Jaffray's Peter Keith.
Consumer electronics retailer Best Buy Co Inc (NYSE: BBY ) remains a "very high quality company," but it faces concerning industry trends and negative product headwinds that warrant a bearish ...
Bank of America Merrill Lynch analyst Curtis Nagle downgraded the consumer-electronics retailer to Underperform and slashed the price target to $50 from $70.
shares declined Monday after analysts at Bank of American Merrill Lynch lowered their rating on the electronics retailer and slashed their price target by nearly 30%. Best Buy fell 5.8% to $52.16 on Monday. Best Buy topped analysts estimates for its third quarter earnings last month, with a bottom line of 9 cents a share and sales of $9.59 billion.
Investing.com - U.S. futures pointed to a flat to lower open on Monday amid trade concerns and worries over a global economic slowdown .The S&P 500 futures dipped 3 points or 0.12% to 2,602.38 as of 6:40 AM ET (11:40 GMT) while Dow futures ticked down 33 points, or 0.14%, to 24,095. Meanwhile tech heavy Nasdaq 100 futures decreased 6 points, or 0.09%, to 6,616.25.All three indexes closed on Friday in correction territory for the first time since March 2016.Trade tensions between the U.S. and China weighed on markets after U.S. ...
The firm cited "deceleration in industry growth trends and continued caution on key product categories such as TVs, Apple products and gaming."
Starting tomorrow and only available through Sunday, shoppers will be able to save big on favorite brands like Apple, Samsung and LG to cross remaining names off their holiday gift lists.
At the investor day executives said they want to achieve a discipline operating model and focus on more profitable growth. Under Armour sees a low-single-digit revenue compund annual growth rate in North America for fiscal years 2020-2022, Briefing.com reported.
How do we determine whether Best Buy Co., Inc. (NYSE:BBY) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data […]
Walmart (NYSE:WMT) is a perfect example of how one month in these volatile markets can seemingly change everything. From mid-October to Nov. 9, Walmart stock catapulted almost 13%. In so doing, WMT stock has essentially matched the Dow Jones during this period.
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