Best Buy (BBY) Declares $0.45 Quarterly Dividend; 2.3% Yield

Best Buy (BBY) PT Raised to $90 at Raymond James

August 29, 2018 7:32 AM EDT

Raymond James analyst Dan Wewer raised the price target on Best Buy (NYSE: BBY) to $90.00 (from $87.00) while maintaining a Strong Buy rating.

... More

Best Buy (BBY) PT Rises To $87 After Another Strong Quarter - Piper Jaffray

August 29, 2018 7:15 AM EDT

Piper Jaffray analyst, Peter Keith, reiterated his Overweight rating on shares of Best Buy (NYSE: BBY) and raised his price target to $87 from $85 after the company posted a solid beat and raise quarter. BBY is seeing broad-based strength with an average 1H comp... More

Best Buy (BBY) PT Raised to $76 at Deutsche Bank

August 29, 2018 6:41 AM EDT

Deutsche Bank analyst Mike Baker raised the price target on Best Buy (NYSE: BBY) to $76.00 (from $75.00) while maintaining a Hold rating.

... More

Best Buy (BBY) PT Raised to $79 at Citi

August 29, 2018 6:10 AM EDT

Citi analyst Kate McShane raised the price target on Best Buy (NYSE: BBY) to $79.00 (from $76.00) while maintaining a Neutral rating.

... More

Best Buy (BBY) PT Raised to $80 at Telsey

August 29, 2018 6:03 AM EDT

Telsey analyst Jospeh Feldman raised the price target on Best Buy (NYSE: BBY) to $80.00 (from $76.00) while maintaining a Market Perform rating.

... More

Best Buy (BBY) PT Raised to $88 at Loop Capital

August 28, 2018 10:54 AM EDT

Loop Capital analyst Anthony Chukumba raised the price target on Best Buy (NYSE: BBY) to $88.00 (from $85.00) while maintaining a Buy rating.

The analyst comments "Best Buy continued to impress in F2Q 2018 in our opinion, and we were also pleased to see... More

Pre-Open Movers 08/28: (AFMD) (DSW) (SHLD) Higher; (AKCA) (IONS) (BBY) Lower (More...)

August 28, 2018 8:57 AM EDT

Today's Pre-Open Movers

Affimed (NASDAQ: AFMD) up 162%; today announced that it has entered into a strategic collaboration agreement with Genentech, a member of the Roche Group, to develop and commercialize novel NK cell engager-based immunotherapeutics to treat multiple cancers.

DSW, Inc. (NYSE: DSW) up 22%; reported Q2 EPS of $0.63, $0.17 better than the analyst estimate of $0.46. Revenue for the quarter came in at $795 million versus the consensus estimate of $680.22 million. DSW, Inc. sees FY2018 EPS of $1.60-$1.75, versus the consensus of $1.61.

Sears Holdings (NASDAQ:... More

Slowing online sales hurt Best Buy's second quarter, shares drop

August 28, 2018 8:19 AM EDT

By Nandita Bose

(Reuters) - Best Buy Co Inc (NYSE: BBY) on Tuesday reported a drop in quarterly online sales growth and offered a profit forecast for the current quarter that fell short of analyst estimates, sending its shares down more than 5 percent in afternoon trading.

Chief Executive Hubert Joly in a conference call cited a maturing online consumer electronics business for declining web sales growth and said rising transportation costs may pressure current quarter earnings.

Best Buy shares, which have risen over 20 percent since the start of the year, fell as... More

Wall Street ekes out gains as Canada takes trade spotlight

August 28, 2018 7:51 AM EDT

By Stephen Culp

NEW YORK (Reuters) - The S&P 500 and the Nasdaq edged up to record closing highs for the third consecutive session as investors struggled over whether to take profits following a rally on positive developments in trade disputes which have vexed the markets.

Following a United States-Mexico agreement Monday to overhaul the North American Free Trade Agreement (NAFTA), focus shifted to Canada, with its top trade negotiator joining her Mexican and U.S. counterparts in Washington in a bid to remain in the trilateral pact.

The Dow Jones Industrial Average also closed... More

Best Buy (BBY) Tops Q2 EPS by 8c, Comps Increase 6.2%, Raises FY Guidance

August 28, 2018 7:03 AM EDT

Best Buy (NYSE: BBY) reported Q2 EPS of $0.91, $0.08 better than the analyst estimate of $0.83. Revenue for the quarter came in at $9.38 billion versus the consensus estimate of $9.28 billion.

Enterprise Comparable Sales Increased 6.2%

GUIDANCE:

Best Buy sees Q3... More