How Best Buy’s Valuation Compares with Peers’
As of March 22, Best Buy’s (BBY) 12-month forward PE ratio was 12.3x, while specialty retail peers GameStop (GME) and Aaron’s (AAN) had PE ratios of 5.2x and 12.9x, respectively.
Why Best Buy Stock Was Upgraded by Oppenheimer
On March 22, Oppenheimer upgraded Best Buy (BBY) stock to “outperform” from “perform” and set its price target at $86.
Why Best Buy Stock Fell 5.7% Yesterday
Best Buy (BBY) stock fell 5.7% on December 17 in reaction to a downgrade by Bank of America Merrill Lynch to “underperform” from “neutral.”
Why Best Buy Stock Rose 2% When Major Retailers Tanked Yesterday
Best Buy (BBY) stock rose 2.1% on November 20 in reaction to the company’s better-than-expected results for the third quarter of fiscal 2019.
Assessing the Impact of BBY’s Earnings Results on Its Valuation
Best Buy’s 12-month forward PE ratio fell 7.9% to 14.8x on August 28, the day the company announced its results for the fiscal second quarter of 2019.
Best Buy Stock: More Momentum with Q2 2019 Results?
Best Buy (BBY) stock has risen 18.9% since the beginning of 2018. The stock has beaten the S&P 500, which has risen 7.1% as of August 21.
Is Best Buy Stock Poised to Grow More in 2018?
Best Buy (BBY) stock has risen 10% YTD as of July 25. As of the same date, Best Buy stock has fallen 0.8% since its fiscal first-quarter results.
Why Best Buy Stock Fell after Strong Fiscal Q1 2019 Earnings
Best Buy stock fell 6.6% on May 24, the day the company announced its results for the first quarter of fiscal 2019, which ended on May 5.
What’s Best Buy’s Valuation?
Consumer electronics retailer Best Buy (BBY) was trading at a forward PE (price-to-earnings) ratio of 15.0x as of April 18.
Where Best Buy’s Valuation Stands
Best Buy (BBY) was trading at a 12-month forward PE (price-to-earnings) multiple of 15.9x as of December 22. The company’s valuation multiple has risen 23% since the announcement of its fiscal 3Q18 results in November.
Shareholders Approve Quaker Chemical and Houghton Combination
On September 7, 2017, Quaker Chemical (KWR) shareholders approved the company’s combination with Houghton International.
How Best Buy’s Fiscal 4Q17 Earnings Beat Analysts’ Expectations
Best Buy’s adjusted EPS rose 27.5% on a year-over-year basis in fiscal 4Q17.
Market Reacts: Best Buy Stock Rose 52% This Year
Best Buy stock rose 13.7% on November 17 in reaction to the company’s impressive fiscal 3Q17 results. Fiscal 3Q17 ended on October 29, 2016.
What Drove Best Buy’s Strong Earnings Growth in Fiscal 2Q17?
Following its fiscal 2Q17 results, Best Buy (BBY) kept its fiscal 2017 revenue outlook intact but raised its adjusted operating income guidance. The company expects its fiscal 2017 revenue to remain flat.
Where Does Best Buy’s Valuation Stand Compared to Its Peers?
Best Buy (BBY) was trading at a 12-month forward price-to-earnings ratio of 10.4x on July 5, 2016.
Can Best Buy’s Margins Improve amid Challenging Conditions?
Despite lower sales, Best Buy’s gross margin improved from 23.7% in fiscal 1Q16 to 25.4% in fiscal 1Q17.
How Does Best Buy Stack Up against Other Specialty Retailers?
As of May 26, Best Buy was trading at a 12-month forward PE (price-to-earnings) ratio of 10.9x.
Best Buy Wants to Improve Sales: What’s It Got up Its Sleeve?
Best Buy plans to improve its sales through a series of initiatives across merchandising, marketing, online channels, stores, supply chain, services, and customer care.
Best Buy Stock Down on Weak Outlook, CFO Departure
The market reacted negatively to the company’s weak guidance for 2Q17 and the news of Best Buy’s chief financial officer’s departure.
Best Buy’s Valuation: How Does It Compare to Peers?
As of April 25, Best Buy (BBY) was trading at a 12-month forward PE (price-to-earnings) ratio of 11.3x.
Gauging the Upward Movement in Best Buy’s Stock in 2016
Best Buy’s (BBY) stock has appreciated 5.9% since the start of 2016 to $32.47 as of April 25. What can you expect moving forward?
Assessing Best Buy’s Focus on Cost Reduction to Enhance Margins
Best Buy (BBY) is focusing on reducing costs and driving efficiencies throughout its business. Best Buy’s focus on cost reduction is important in driving its profitability.
Best Buy: Why Lower Phone and Tablet Sales Hurt Fiscal 4Q16 Revenue
Best Buy’s (BBY) revenue in 4Q16, which ended January 30, 2016, fell 4.1% to $13.6 billion.
Why Best Buy Expects Revenue to Fall Further in Fiscal 2017
Best Buy (BBY) expects its revenue to keep falling in the first half of fiscal 2017, which ends on January 28, 2017, based on the current industry dynamics.
Can Best Buy’s Renew Blue Strategy Help Its Fiscal 4Q16 Margins?
Under the ongoing phase two of Renew Blue’s cost reduction and gross profit optimization program, Best Buy aims to generate $400 million of savings over the course of three years.
Can Best Buy Stock Pick Up Steam in 2016?
In 2015, Best Buy’s (BBY) stock price fell 21.5%. The company also underperformed the broader market.
Best Buy’s Cost Reduction Efforts: Can It Expand 3Q16 Margins?
Best Buy’s cost reduction and gross profit optimization program aims to reduce $400 million in costs over three years as of the end of fiscal 3Q16.
Glencore Led the UK Stock Market on October 9
Stocks at the top of the iShares MSCI United Kingdom (EWU) on Friday, October 9, were Petrofac (PFC), Glencore (GLEN), and Anglo American (AAN).
Best Buy’s Margins Reflect Marked Improvement in 2Q16
Best Buy (BBY) reported a gross margin of 24.6% in the second quarter of fiscal 2016, up from 23.4% in the comparable quarter of the previous year.
What Drove Best Buy’s 2Q16 Revenue ahead of Estimates?
Best Buy (BBY) posted revenue of $8.5 billion in the second quarter of fiscal 2016. The second quarter ended on August 1, 2015.
Can Best Buy Rely on Growth Strategies to Boost Its Valuations?
Best Buy is one of the few pure-pay electronic retailers that has managed to withstand weak industry demand and intense competition from online retailers.