Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat

Further Share Gains Drive Best Buy (BBY) Results, PT to $47 - UBS

November 18, 2016 8:05 AM EST

UBS analyst Michael Lasser lifted his price target on Best Buy (NYSE: BBY) to $47.00 (from $38.00) but maintained a Neutral rating following Q3 results which showed further share gains.

Lasser commented, "In the face of a declining category, BBY continues to outperform & take share. Its 3Q domestic SSS... More

Best Buy (BBY) Declares $0.28 Quarterly Dividend; 2.4% Yield

November 18, 2016 8:00 AM EST

Best Buy (NYSE: BBY) declared a quarterly dividend of $0.28 per share, or $1.12 annualized.

The dividend will be payable on December 29, 2016, to stockholders of record on December 8, 2016, with an ex-dividend date of December 6, 2016.

The annual yield on the dividend is 2.4... More

Notable 52-Week Highs and Lows 11/17: (BBY) (NTAP) (PLCE) High; (SMRT) (APHB) (FSLR) Low

November 17, 2016 3:32 PM EST

52-Week High:Best Buy (NYSE: BBY) $46.72. Best Buy reported Q3 EPS of $0.62, which was $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $8.95 billion versus the consensus estimate of $8.85 billion. Domestic comps rose 1.8 percent, versus a gain of 1.0 percent expected by analysts.

NetApp (Nasdaq: NTAP) $39.00. NetApp reported Q2 EPS of... More

BofA/Merrill Lynch Upgrades Best Buy (BBY) to Neutral

November 17, 2016 1:55 PM EST

BofA/Merrill Lynch upgraded Best Buy (NYSE: BBY) from Underperform to Neutral.

For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.

Shares of Best Buy closed at $40.45 yesterday.

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U.S. inflation, labor market data bolster Fed December rate hike

November 17, 2016 8:39 AM EST

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Prospects for a rate hike next month also got a boost from other data on Thursday showing first-time applications for unemployment benefits tumbling to a 43-year low last week and housing starts surging to a nine-year high in October.

The reports painted an upbeat picture of the economy early in the... More

BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

November 17, 2016 8:36 AM EST

BTIG is offering preliminary commentary on Best Buy (NYSE: BBY) following Q3 results and strong outlook issued earlier Thursday. The firm has Best Buy with a Neutral rating.

Analyst Alan Rifkin commented, 3Q16: Operating EPS of $0.62 was well above our estimate of $0.47 and... More

Wall street stocks lifted by data, earnings Yellen remarks

November 17, 2016 7:39 AM EST

By Sinead Carew

NEW YORK (Reuters) - The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Federal Reserve Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise interest rates in December.

This signaled economic strength and helped consumer stocks as well as financials, said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

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Best Buy same-store sales beat estimates, shares hit 3-year high

November 17, 2016 7:13 AM EST

By Gayathree Ganesan

(Reuters) - Best Buy Co Inc (NYSE: BBY), the No. 1 U.S. electronics retailer, reported a better-than-expected rise in quarterly profit and same-store sales on Thursday, helped by higher online revenue and strong demand for TVs, home theaters and wearable devices.

The retailer's forecast for full-year adjusted profit also beat analysts' expectations, sending its shares up 7.5 percent to $43.50 in early trading, their highest in three years.

Best Buy, like home-improvement chains Home Depot Inc (NYSE: HD) and Lowe's Inc (NYSE:... More

Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook

November 17, 2016 7:01 AM EST

(Updated - November 17, 2016 7:02 AM EST)

Best Buy (NYSE: BBY) reported Q3 EPS of $0.62, $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $8.95 billion versus the consensus estimate of $8.85 billion.

Domestic comps rose 1.8 percent, versus a gain of... More

Trading Radar for 11/17: Wal-mart (WMT), Staples (SPLS), salesforce.com (CRM), JA Solar (JASO), Marvell (MRVL) Report

November 16, 2016 1:58 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

CPI - Street sees 0.4%Core CPI - Street sees 0.2%Housing Starts - Street sees 1.178MBuilding Permits - Street sees 1.200MInitial Claims - Street sees 257kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees... More

Best Buy (BBY) November option implied volatility elevated at 126 into Q3

November 16, 2016 11:06 AM EST

Best Buy (NYSE: BBY) November call option implied volatility is at 126, December is at 47; compared to 52-week range of 24 to 56 into Q3.

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Best Buy Co (BBY) November 40 straddle priced for movement of 9% into Q3

November 16, 2016 10:29 AM EST

Best Buy (NYSE: BBY) November 40 straddle priced for movement of 9% into Q3

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Stocks with Implied Volatility Movement

November 16, 2016 7:04 AM EST

Best Buy (NYSE: BBY) implied volatility index movement increasing vs 30D HV

... More