Best Buy (BBY) Declares $0.45 Quarterly Dividend; 2.8% Yield
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Best Buy (BBY) PT Lowered to $69 at RBC Capital
November 21, 2018 7:07 AM ESTRBC Capital analyst Scot Ciccarelli lowered the price target on Best Buy (NYSE: BBY) to $69.00 (from $72.00) while maintaining a Sector Perform rating.
Despite solid results, comps trends seem poised to slow and when coupled with recent competitive announcements (AMZN/AAPL relationship) and... More
UPDATE: Best Buy (BBY) PT Lowered to $85 at Raymond James
November 21, 2018 7:03 AM EST(Updated - November 21, 2018 8:49 AM EST)
(updated to correct PT action and current PT)
Raymond James analyst Dan Wewer lowered the price target on Best Buy (NYSE: BBY) to $85.00 (from $90.00) while maintaining a Strong Buy rating.
... MoreWedbush Upgrades Best Buy (BBY) to Neutral
November 21, 2018 6:27 AM ESTWedbush analyst Michael Pachter upgraded Best Buy (NYSE: BBY) from Underperform to Neutral with a price target of $65.00.
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 $63.75 yesterday.
... MoreBest Buy (BBY) PT Lowered to $72 at Citi
November 21, 2018 6:10 AM ESTCiti analyst Kate McShane lowered the price target on Best Buy (NYSE: BBY) to $72.00 (from $79.00) while maintaining a Neutral rating.
... MoreBest Buy (BBY) PT Lowered to $70 at Credit Suisse
November 21, 2018 5:23 AM ESTCredit Suisse analyst Seth Sigman lowered the price target on Best Buy (NYSE: BBY) to $70.00 (from $78.00) while maintaining a Neutral rating.
... MoreBest Buy (BBY) PT Lowered to $72 at Deutsche Bank
November 21, 2018 5:19 AM ESTDeutsche Bank analyst Mike Baker lowered the price target on Best Buy (NYSE: BBY) to $72.00 (from $76.00) while maintaining a Hold rating.
... MoreBest Buy (BBY) PT Lowered to $81 at Piper Jaffray
November 21, 2018 4:02 AM ESTPiper Jaffray analyst Peter Keith lowered the price target on Best Buy (NYSE: BBY) to $81.00 (from $87.00) while maintaining a Overweight rating.
... MoreBest Buy (BBY) PT Lowered to $65 at Wells Fargo
November 20, 2018 3:01 PM ESTWells Fargo analyst Zachary Fadem lowered the price target on Best Buy (NYSE: BBY) to $65.00 (from $78.00) while maintaining a Market Perform rating.
Analyst says: "Another solid Q3, but environment only gets tougher from here. While tougher compares are coming in Q4 and profit... More
Walmart, Target, Best Buy take steps to curb gift card fraud
November 20, 2018 1:58 PM ESTBy Jonathan Stempel
NEW YORK (Reuters) - Walmart Inc (NYSE: WMT), Target Corp (NYSE: TGT) and Best Buy Co (NYSE: BBY) have made changes to their gift card programs to reduce the risk of fraud as consumers enter the holiday shopping season.
Barbara Underwood and Josh Shapiro, the attorneys general of New York and Pennsylvania, announced the changes on Tuesday, as part of a more than year-long initiative to thwart scam artists.
The... More
Bearish Options Positioning in Best Buy (BBY) Targets 6% Downside in Shares Through Jan 2019 Following 3Q Report -Susquehanna
November 20, 2018 1:52 PM ESTSusquehanna options strategist Alison Edwards notes bearish options activity in Best Buy (NYSE: BBY), as investors purchased 7k Jan 65 Puts, paying $4.60-$5.10. The investor will breakeven with a ~6% pullback by mid-Jan.
BBY reported 3Q results this morning.
... MoreBest Buy (BBY) Tops Q3 EPS by 8c, Revenues Beat, Comp. Sales Up 4.3%; Boosts FY19 EPS Guidance, Offers FY19 Revenue Outlook
November 20, 2018 7:03 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $0.93, $0.08 better than the analyst estimate of $0.85. Revenue for the quarter came in at $9.59 billion versus the consensus estimate of $9.57 billion.
Our team just delivered another strong quarter with 4.3% comparable sales growth and better-than-expected earnings growth, said Hubert Joly, Best Buy chairman and CEO. Similar to the first half of the year, our topline performance was helped by a favorable environment and driven by how customers are responding to the unique and elevated experience we are building. We have... More
