|Bid||73.25 x 1200|
|Ask||73.60 x 800|
|Day's Range||72.98 - 74.08|
|52 Week Range||47.72 - 84.37|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||14.16|
|Earnings Date||May 22, 2019 - May 28, 2019|
|Forward Dividend & Yield||2.00 (2.81%)|
|1y Target Est||76.63|
Chairman & CEO of Best Buy Co Inc (NYSE:BBY) Hubert Joly sold 171,711 shares of BBY on 04/17/2019 at an average price of $73.68 a share.
When Hubert Joly became CEO of Best Buy (NYSE:BBY) seven years, ago it did look like he could be committing career suicide. Best Buy stock had fallen by more than half in a couple years and appeared to be at an existential moment.Source: Best BuyThe buzz was that BBY would inevitably be another victim of Amazon.com's (NASDAQ:AMZN) relentless e-commerce machine. The company's margins were slipping and so were its comparable-store sales. * 5 Dividend Stocks Perfect for Retirees But Joly was upbeat and ready for the challenge. In the press release announcing his appointment, he said: "Building on the Company's strengths and ongoing work, I believe Best Buy has the capacity to write an exciting new chapter in its history. I sincerely look forward to writing this chapter with the Best Buy team and putting in place the short-term and medium-term actions that will help ensure its success."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, Best Buy stock and BBY did extremely well during Joly's time as CEO. During his tenure, BBY stock has gone from $18 to $74.On Apr. 15, BBY announced that he would step down as CEO on Jun 1. But he will remain with the company as its executive chairman.Taking his place as CEO will be the current CFO, Corie Barry, who has been with BBY since 1999. An accountant by training, she also has served as the interim chief of the company's services business and is on the board of Domino's Pizza (NYSE:DPZ). But more importantly, she has had the advantage of working with Joly, so there will be continuity after the transition. Best Buy Stock and The Company's TransformationJoly has certainly left his imprint on BBY. Not surprisingly, a key part of his strategy was aggressive cost-cutting. In all, more than $1.4 billion in savings were realized during his tenure.But in the meantime, Joly has been savvy in finding ways to rethink the core business. To deal with the Amazon threat, he has made BBY's prices competitive with those of AMZN . He also focused on effectively utilizing the company's brick-and-mortar footprint, which includes over 1,100 locations in the US, Canada and Mexico.For example, according to the research from Jefferies, the stores are essentially warehouses that are used to fulfill about 40% of online sales, helping to create a true omnichannel platform.Yet perhaps the most important part of BBY's strategy has been its focus on services, which is critical because technologies have gotten more sophisticated. But then again, services also can provide recurring revenues.Some of the company's recent service-oriented initiatives include: * Total Tech Support: Unlimited support from the Geek Squad, which includes over one million employees. * In-Home Advisor provides recommendations and personalized plans for such things as Wi-Fi, appliances, home theaters , etc. The service is free. * GreatCall: Best Buy acquired this business for $800 million in cash. GreatCall offers a variety of simple mobile devices - such as phones and wearables -- that are targeted at seniors. The owners of the systems have 24/7 access to board-certified doctors and nurses. The Bottom Line on Best Buy StockBest Buy's growth has been impressive. Consider that the company has posted positive comparable sales for five consecutive years.And going forward, there are several important catalysts, such as the emergence of 5G, that should enable the momentum of Best Buy stock to continue. 5G is likely to spawn many new innovations.Finally, Best Buy stock is trading at a reasonable valuation, with a forward price-earnings multiple of 12. Moreover, the dividend yield of BBY stock is a decent 2.81%. So all in all, it does look like the bull case on Best Buy stock is still very well intact.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Why the Outlook of Best Buy Stock Is Still Upbeat appeared first on InvestorPlace.
Tractor Supply (TSCO) gains from its robust store-growth and omni-channel efforts. However, higher costs are weighing on margins, which is a concern.
As we begin to see further growth, it's creating a wealth of opportunity for companies such as Nerds on Site Inc. (CSE: NERD)(OTCQB: NOSUF), Best Buy Co. Inc. (NYSE: BBY), and Cognizant Technology Solutions Corp. (NASDAQ: CTSH). Mobile IT solutions company, Nerds on Site Inc. (NERD)(NOSUF) for example just expanded its mobile fleet by 133% in the 3 months since the Company's IPO from 15 to 35. "With such a rapid increase in NerdMobiles and number of Nerds, we are very excited and anticipate, based on experience, an uptick in Nerd applications, which will accelerate revenue growth in these hot new markets for us in the US," said Charlie Regan, CEO.
Best Buy is selling the $299.99 TytoHome kit on its website and in 10 Best Buy stores throughout Minnesota.
Best Buy Co. Inc. will soon have a new CEO after announcing this week that Chief Financial Officer Corie Barry will step into the role this June. The next task: Finding an executive to fill Barry's job.
Best Buy is replacing an "outstanding" CEO in Joly with Barry who has proven herself to be a "talented executive," Gutman said in a research report. Joly succeeded in leading Best Buy's transformation to become a "premier and highly relevant" retailer and Barry certainly played a role in the transformation over the years.
Best Buy’s CEO Transition: Corie Barry to Succeed Hubert Joly(Continued from Prior Part)Recent performance Best Buy (BBY) announced its CEO succession plan on April 15. Hubert Joly will relinquish his role as the CEO of the company, effective as
Some investors may be concerned after news that Best Buy’s CEO Hubert Joly is stepping down, but analysts are upbeat about his successor, Corie Barry.
Best Buy’s CEO Transition: Corie Barry to Succeed Hubert JolyCEO transition planConsumer electronics retailer Best Buy (BBY) announced on April 15 that Corie Barry, the company’s chief financial and strategic transformation officer, will succeed
Corie Barry has been named as the Best Buy (NYSE:BBY) CEO.She will replace outgoing CEO Hubert Joly. Here are eight things to know about her: * Barry is the current CFO and she will have the role of helping continue Best Buy's forward momentum that it experienced under Joly. * She has been with Best Buy for 20 years, also serving as the brand's chief strategic transformation officer, while being a key part of its executive team that's aided the company in its revamping process. * Barry will take over the role of CEO on June 11 of this year. Meanwhile, Joly will remain as the executive chairman of the brand, advising Barry on a number of matters, including strategy and mergers and acquisitions. * The reinvention process that both Barry and Joly have been involved in has been geared towards offering customers more technical support, as well as in-home advisors for installations that may not be so simple. * This has helped Best Buy become less reliant on new product releases that customers can get on Amazon anyways. The company has also made great strides on the e-commerce side of things. * Barry's efforts have helped the company's market cap reach nearly $20 billion, while announcing in February the company's eighth straight quarter of comparable sales growth. * Since Barry joined the brand in 1999, she has had multiple roles with the retail chain in the financial and operational side of things. * She is also on Domino's Pizza board.BBY stock is down 0.1% on Monday.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 7 Marijuana Companies: Which Pot Stocks Should You Buy? * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Corie Barry: 8 Things to Know About the New Best Buy CEO appeared first on InvestorPlace.
Barry, who joined Best Buy in 1999 and went on to become its finance chief in 2016, will become the company's fifth CEO when she takes over from Hubert Joly, who will step aside to become executive chairman in June. Barry along with Joly, a restructuring expert, turned around the struggling retailer that had been dogged by falling same-store sales and a takeover battle with founder Richard Schulze.
When Hubert Joly joined Best Buy Co. Inc., he was the first outsider hired as CEO of the electronics retailer. His successor will be Corie Barry, a veritable lifer who's been with the company since 1999 and has been its chief financial officer since 2016.
The company announced Monday that Corie Barry, currently Best Buy’s CFO and chief strategic transformation officer, has been selected as the company’s next CEO, a job she is expected to assume on June 11. Comparable sales growth has become routine and profitability has improved.
(BBY) stock was down slightly Monday morning as the company detailed the next set of moves in its executive suite, naming CFO Corie Barry as its next CEO, effective mid-June. Best Buy stock (ticker: BBY), up nearly 40% in 2019, was off less than 1% to $73.25 on Monday morning as the S&P 500 rose slightly. Barry, who has been with the company since 1999, succeeds Hubert Joly, who will be come executive chairman, a new position.
Steven Madden (SHOO) is leaving no stone unturned to boost the top and the bottom line. The company is focusing on enhancing product portfolio. However, rise in operating expenses may weigh on margins.
Skechers' (SKX) focus on new line of products, cost containment efforts, inventory management and global distribution platform is likely to have a favorable impact on the quarterly results.
on Monday announced that Corie Barry, currently the company's chief financial and strategic transformation officer, will become its CEO, effective June 11. Best Buy's current board chairman and CEO, Hubert Joly, will become executive chairman of the board, a newly created position, the company said in a statement. "Corie has played a critical role in developing and executing the proven growth strategy in place today, and I am confident she has the vision, skills, experience and leadership capabilities necessary to be our CEO," Joly said in the statement.
There's a big change at the top of Best Buy with a new CEO taking charge at the retailer. Hubert Joly is out and Corie Barry is in. Here's Yahoo Finance's editor at large Brian Sozzi.