Best Buy Co Inc (BBY)

BBY (NYSE:Retail) EQUITY
$32.47
pos +0.33
+1.03%
Today's Range: 31.97 - 32.51 | BBY Avg Daily Volume: 4,973,900
Last Update: 07/25/16 - 4:01 PM EDT
Volume: 3,277,448
YTD Performance: 5.55%
Open: $32.14
Previous Close: $32.14
52 Week Range: $25.31 - $39.10
Oustanding Shares: 322,752,742
Market Cap: 10,418,458,512
6-Month Chart
TheStreet Ratings Grade for BBY
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 6 6 7 7
Moderate Buy 0 0 0 0
Hold 7 7 6 7
Moderate Sell 1 1 1 1
Strong Sell 1 1 1 1
Mean Rec. 2.40 2.40 2.27 2.31
Latest Dividend: 0.28
Latest Dividend Yield: 3.47%
Dividend Ex-Date: 06/10/16
Price Earnings Ratio: 11.17
Price Earnings Comparisons:
BBY Sector Avg. S&P 500
11.17 11.10 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-3.25% -2.72% 9.32%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.00 -0.10 -0.04
Net Income -27.40 -2.90 0.00
EPS -26.60 -3.00 0.00
Earnings for BBY:
EBITDA 2.23B
Revenue 39.53B
Average Earnings Estimates
Qtr (07/16) Qtr (10/16) FY (01/17) FY (01/18)
Average Estimate $0.42 $0.46 $2.90 $3.09
Number of Analysts 12 11 13 12
High Estimate $0.46 $0.55 $3.14 $3.42
Low Estimate $0.38 $0.37 $2.60 $2.45
Prior Year $0.49 $0.41 $2.78 $2.90
Growth Rate (Year over Year) -13.95% 12.86% 4.21% 6.64%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
The appliance maker may be one way to play the looming refinance boom.
Take part in a mini retail revival ahead their earnings season in early August.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. This is bearish for economic activity, commodities prices and profits. The price of crude oil got hit ... hard. At $46.50, it's down $2.50 on the day. Gold was up $18 to $1,357. Hey, Mikey, he likes it! Agricultural commodities: wheat +2, corn -9.50, soybean -60.50(!!), oats -1. Lumber +7. Bonds continued to ramp in price and move lower in yield. iShares 20+ Year Treasury Bond ETF (TLT) was down $2.00. The yield on the 10-year U.S. note fell by nine basis points to 1.37%.  As I mentioned earlier, that's a 63-year low in yield. The long bond yield declined by 11 basis points to 2.14%. The 2s/10s spread flattened to another low at 82 basis points. Municipals were well-bid today. Closed-end muni bond funds were only slightly higher in price, though. The high-yield bond market continues to move with equities -- in this case, lower. Bank stocks are the negative feature in the market today, with declines of 3% to 4%. It's much worse (down 5% to 10%) in EU banking shares. Brokerages equal schmeissburger. Life insurance stocks were taken to the woodshed. My shorts Lincoln National (LNC) and MetLife (MET) were down $2 apiece, and my long Hartford Financial Services Group (HIG) fell $1.30; I have been adding. Retail was weaker after being weak all year; my short Nordstrom (JWN) was off 80 cents. Best Buy (BBY), Macy's (M) and Nike (NKE) were all worse off than Friday's close. My short Foot Locker (FL) was essentially unchanged. Old tech was weak but not materially so. Biotech was weak, though down less than 1%. Allergan (AGN) was up $2.50, though Valeant (VRX) hits new lows; more speculative biotech was much lower. Autos are tanking further, and so are housing stocks. Both groups have rolled over badly despite some sponsorship from "value investors." Ag equipment stocks were punished, with my short Caterpillar (CAT) down two beaners and Deere (DE) off $1.50. They must be watching the 60-cent decline in the price of soybeans!  Moreover, dealer sales continue to founder and the strength of our currency is like a dagger in the hearts of these stocks. Staples remain an upside feature. (T)FANG was under pressure. Tesla (TSLA) is a dog with fleas, lower for the second day in a row. Needham cut Netflix (NFLX), but it was still up 1% on the day. In individual stocks, Twitter (TWTR) was down nearly 1% but Oaktree Capital Group (OAK) was flat. My long fav DuPont (DD) was down $1.25 and approaching my buy level after I sold some off in the high $60s. I live in the $61 to $62 area, Apple (AAPL) again is breaking down, off almost a beaner.  Disney (DIS) shares are suffering under some weak movie experiences; that chart, too, looks like it is rolling over.  Here are some value added posts on our site today: Jim "El Capitan" Cramer chimes in on Deutsche Bank, the canary in the coal mine.  "Meet" Bret Jensen makes a second-half forecast.  Tim "Not Judy or Phil" Collins likes the Valeant chart. At some point there could be value, but the prospects for asset sales and writedowns and a $31-billion debt load in the face of eroding fundamentals makes me pass. Tom Graff likes bonds.  Rev Shark on the challenging markets.
The bear signals are in full view on BBY.
Bearish
Jun 15, 2016 | 7:03 AM EDT
BBY was downgraded from Outperform to Neutral, Credit Suisse said. $31 price target. Estimates also cut, given lower expected mobile sa...
Update
Jun 14, 2016 | 7:00 AM EDT
BBY - Best Buy Co Inc Annual Shareholders Meeting - 10AM

Takeaways and Observations Real Money Pro($)

It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. dollar weakened. Oil, stronger in the morning, weakened in
U.S. indices up before Yellen's speech as sales of assets and stocks make markets move.
Bearish
May 25, 2016 | 7:00 AM EDT
BBY was downgraded from Buy to Hold, Deutsche Bank said. $32 price target. Company is investing more in future growth and a second half...

My Takeaways and Observations Real Money Pro($)

The U.S. dollar rallied strongly. And stocks lost their correlation to the currency, rising dramatically. Crude oil advanced by 60 cents to $48.68. But nat gas dropped by six cents. Gold declined by more than $22 an ounce; I cautioned about the precious metal yesterday. Again, participants "off sides" much like equities today.  Agricultural commodities were mixed: wheat +2.75, corn +0.75, soybean -2.25, oats -.50. Lumber rose by $2.50 following the buoyant housing data. Bonds fell. Dennis Gartman had quite negative comments on fixed income in his daily letter today. The yield on the 10-year note rose by one basis point to 1.85% and the long bond was flat at 2.63% despite a successful two-year auction. Municipals were well-bid. Closed-end muni bond funds continued toward their second daily advance. High yield was also stronger. Blackstone/GSO Strategic Credit Fund (BGB) sprinted up nearly 1%. Banks flourished with talk of a June/July rate hike and, perhaps, a few more later in the year. Insurance rallied. I added to long Hartford Financial Services Group (HIG). Brokerages rose but failed to rally as hard as the overall market. Retail was weak, though Home Depot (HD) rose $2. Best Buy (BBY) was a feature to downside after disappointing guidance. Surprisingly, my two shorts -- Foot Locker (FL) and Nordstrom (JWN) -- were marginally lower. Old tech was led by Microsoft (MSFT), which caught an analyst upgrade at Cowen and rose $1.50. IBM (IBM) was up a similar amount. Media was up, but marginally. Disney (DIS) and Comcast (CMCSA) were up 50 cents each. Energy stocks underperformed. My short Exxon Mobil (XOM) was up a quarter and short Schlumberger (SLB) rose 60 cents. Staples were higher. Autos were ahead, but small and non-threatening to the shorts. Ford (F) was up 15 cents and General Motors (GM) up 35 cents. Biotech, my new long target, rallied. iShares Nasdaq Biotechnology ETF (IBB) was up $5. Buys Allergan (AGN) gained $3.60, Celgene (CELG) rose $2.35, Gilead Sciences (GILD) was up $2.70 and Intrexon (XON) was up 70 cents.  Ag equipment was well-bid. Caterpillar (CAT) was up 40 cents and Deere (DE) gained $1.40. (T)FANG was marvelous. Strong gains in Netflix (NFLX), Alphabet (GOOGL), Amazon (AMZN) and Facebook (FB). NOSH was strong as investors/traders gobbled up O'Reilly Automotive (ORLY) and HD. CRABBY's six components were higher. In terms of individual stocks, Apple (AAPL) continued its ascent, rising $1.30. Potash (POT), which I sold yesterday, was conspicuously weaker despite Monsanto's (MON) $3 gain. Twitter (TWTR) hit new lows. Oaktree Capital Group (OAK) rallied; I added at low levels today and over last few days. DuPont (DD) is the "world's fair," hitting another new high and up 85 cents. Here are some value-added columns posted on Real Money Pro today: Jim "El Capitan" Cramer on Catalyst City.  Tim "Not Judy or Phil" Collins on an interesting comparison between U.S. Oil Fund (USO) and Alerian MLP (AMLP).  Bret "Meet George" Jensen says take a chill pill.  Tim Melvin on three interesting small bank ideas. Rev Shark gets Billy Joel on us -- it's all just a matter of trust.

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