|Bid||56.05 x 300|
|Ask||56.59 x 400|
|Day's Range||55.62 - 56.54|
|52 Week Range||29.05 - 61.95|
|PE Ratio (TTM)||15.14|
|Dividend & Yield||1.24 (2.25%)|
|1y Target Est||N/A|
Best Buy (BBY) has gained more than 30% this year, with a big chunk of that gain coming in one day. Piper Jaffray's Peter Keith thinks it can. While many investors left Best Buy for dead, Keith notes that it's one of the big beneficiaries of what he calls the "smart home," the products that connect the home to the World Wide Web.
Best Buy was left for dead in the wake of the move to e-commerce, but it has defied its detractors and is now a go-to place for broken iPhone screens. Things are looking up.
Best Buy's turnaround is now entering a phase where further growth will be tough. But the company has some ideas.