Morgan Stanley Expects Holiday Boost on Best Buy (BBY) Following Industry Slowdown; Reiterates Overweight

Best Buy (BBY) PT Trimmed at Jefferies But 'Buy' Maintained

November 20, 2015 9:39 AM EST

Jefferies analyst, Daniel Binder, highlighted Best Buy (NYSE: BBY) as a favorite retail name as it outperforms the industry and experiences robust growth online. It is one of the few retailers that saw an acceleration in online growth in Q3.

Each... More

Best Buy (BBY) Declares $0.23 Quarterly Dividend; 3% Yield

November 20, 2015 8:00 AM EST

Best Buy (NYSE: BBY) declared a quarterly dividend of $0.23 per share, or $0.92 annualized.

The dividend will be payable on December 31, 2015, to stockholders of record on December 10, 2015, with an ex-dividend date of December 8, 2015.

The annual yield on the dividend is 3... More

Market Wrap: UnitedHealth Outlook Pressures Market; IPOs for Square, Match Group Launch; Best Buy Cautious on Q4 Outlook

November 19, 2015 5:28 PM EST

Market wrap for November 19th

End of the Day: S&P 500 down 2.3 to 2,081.24; Dow Jones down 4.4 to 17,732.75; Nasdaq down 1.6 to 5,073.64

Market Brief: Markets ended slightly lower, weighed-down by healthcare stocks following FY15 guidance from UnitedHealth.

Square and Match Group launched IPOs.

Nike announced a robust, shareholder-friendly capital allocation plan.

Intel shares gained on its solid FY16 outlook and boosted dividend.

Best Buy topped views, but cautious guidance spooked investors.

Gold rose 0.9 percent to $1,077.90 per ounce and crude dipped 0.5 percent to... More

Pre-Open Stock Movers 11/19: (KBIO) (NLST) (STEM) (GMCR) Higher; (SMTC) (TWI) (AMAG) Lower (more...)

November 19, 2015 9:31 AM EST

KaloBios Pharma (NASDAQ: KBIO) 625% HIGHER; Martin Shkreli disclosed buying 1,211,115 shares from November 16, 2015-November 17, 2015. Prices paid ranged from $0.61-$2.43.

Netlist, Inc. (NASDAQ: NLST) 65% HIGHER; today announced that it has entered into a five year Joint Development and License Agreement with Samsung Electronics Co., Ltd., to produce a new class of NVDIMM-P (NV-P) memory solutions based on Samsung's industry leading NAND Flash and DRAM, and Netlist's... More

GoPro (GPRO) on Watch as Best Buy Notes Segment Weakness

November 19, 2015 8:39 AM EST

The bloodletting in GoPro (NASDAQ: GPRO) may not stop today after Best Buy (NYSE: BBY) noted weakness in the segment with third quarter results this morning.

"From a merchandising perspective, comparable sales growth in computing, major appliances, health &... More

Best Buy comparable sales down; outlook for holiday season weak

November 19, 2015 7:28 AM EST

By Nandita Bose and Ramkumar Iyer

(Reuters) - Retail chain Best Buy Co Inc (NYSE: BBY) on Thursday forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly comparable sales, citing slower consumer demand for mobile phones and tablets.

Shares of the No. 1 U.S. consumer electronics chain fell nearly 5 percent.

Best Buy's forecast fed worries among analysts and investors about U.S. consumer holiday spending, with shoppers holding back in one of the strongest gift-giving categories due to a lack of popular electronic products and sluggish wage... More

Best Buy (BBY) Tops Q3 EPS by 6c; Tot. Comps Growth Lagged Expectations

November 19, 2015 7:01 AM EST

Best Buy (NYSE: BBY) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.82 billion versus the consensus estimate of $8.86 billion.

CEO Hubert Joly continued, In the Domestic business, our comparable sales, excluding the impact of installment billing, increased... More

Best Buy focuses on growth, bets on appliances

November 18, 2015 8:23 PM EST

By Nandita Bose

CHICAGO (Reuters) - Best Buy Co Inc (NYSE: BBY) is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.

The Minneapolis-based retailer, which operates 1,400 stores in the United States, is focusing on growth again after some analysts feared it was flirting with bankruptcy just a few years ago, hurt by the rise of Amazon.com Inc (NASDAQ: AMZN). It... More

Trading Radar for 11/19: Best Buy (BBY), Autodesk (ADSK), Smucker (SJM), Splunk (SPLK), Fresh Market (TFM) Report

November 18, 2015 3:29 PM EST

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

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 272kContinuing Claims - Street sees 2.164M

Earnings:

Best Buy (NYSE: BBY) - consensus EPS $0.35
Bon-Ton Stores (Nasdaq: BONT) - consensus loss $0.59
Brady Corp. (NYSE: BRC) - consensus EPS $0.28
Cato Corp.... More