|Bid||57.00 x 200|
|Ask||57.01 x 600|
|Day's Range||56.39 - 57.35|
|52 Week Range||29.79 - 61.95|
|PE Ratio (TTM)||15.38|
|Dividend & Yield||1.24 (2.20%)|
|1y Target Est||N/A|
How badly does Best Buy Co. Inc. want to establish itself as the go-to retailer for smart-home technology? The Star Tribune reports that Richfield-based Best Buy next month will add expanded displays in hundreds of its stores to demonstrate devices like Amazon Echo and Google Home, which help consumers manage various functions of their homes, from calling up television shows to monitoring Google-made Nest thermostats. The displays won't be as significant as Best Buy's store-in-a-store deals with companies like Samsung and Apple (and they'll be staffed by Best Buy employees, not those from Google or Amazon) but they still demonstrate the importance Best Buy puts on the connected-home market.
Shares of Best Buy Co., Inc. (BBY) are riding high on strategic efforts, sturdy online sales growth and solid earnings surprise history.
Best Buy (BBY) boasts a favorable Zacks Rank and a positive Earnings ESP, which is a great sign of a coming earnings beat.