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.
Improving jobs report a boon for consumer discretionary ETFs
Though an improving jobs report is good for overall economic growth, there are certain sectors where the benefit becomes visible faster.
Luxor Capital Group increases position in Conn’s Inc.
Luxor Capital Group upped its stake in Conn’s Inc. (CONN) during 3Q14. Amended 13D filings in September noted that the fund currently owns 7,586,197 shares.
Luxor Capital ups position in Altisource Asset Management
Altisource Asset Management’s primary business is to provide asset management and certain corporate governance services to institutional investors.
Luxor Capital raises stake in Altisource Portfolio Solutions
Altisource Portfolio Solutions and its subsidiaries are a premier marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries.
Luxor Capital adds to position in BJ’s Restaurants
In 3Q14, BJ’s total revenues increased 9.7% to $206.5 million and net income rose 77.7% to $6.5 million.
Luxor Capital ups stake in RCS Capital
RCAP, which has a ~$1.24 billion market cap, is an investment firm that focuses on the retail investor.
Luxor Capital adds new position in Orbitz Worldwide
Orbitz net revenue rose 10% year-over-year to $248.1 million in 2Q14 as a result of higher hotel, vacation package, car, and air transaction volume.
Christian Leone’s Luxor Capital adds a new position in Yahoo
Recently, Yahoo shares went higher after third quarter earnings and revenue beat analyst estimates. Third quarter profit rose to $6.77 billion.
Luxor starts new position in Melco Crown Entertainment
Melco’s net revenue for the second quarter of 2014 was $1.19 billion, down approximately 7% year-over-year.
Luxor Capital’s new positions in 2Q14
As of the end of 2Q14, Luxor Capital’s U.S. long portfolio was worth $5 billion, slightly down from $5.07 billion in 1Q14.
Why Greenlight decided to exit its position in General Motors
Greenlight disposed of its stake in General Motors, which accounted for 9.55% of the fund’s 4Q 2013 portfolio.
Why did Greenlight increase its position in SunEdison?
Greenlight increased its position in SunEdison from 0.23% in 4Q 2013, to 3.34% of the fund’s 1Q 2014 portfolio.
Why Greenlight started a new position in Lam Research Corporation
Greenlight disclosed a new position in Lam Research Corporation, which accounts for 1.01% of the fund’s 1Q 2014 portfolio.
Greenlight opens a new position in REIT American Capital Agency
Greenlight disclosed a new position in American Capital Agency Corporation. It accounts for 1.69% of the fund’s 1Q 2014 portfolio.
Why did Greenlight Capital initiate a position in Conn’s?
Greenlight Capital disclosed a new position in Conn’s Inc., which accounts for 1.92% of the fund’s 1Q 2014 portfolio.
Assessing Greenlight Capital’s 1st quarter 2014 positions
In this series, we’ll go through some of the main positions that Greenlight Capital, founded by David Einhorn, traded in 1Q 2014.
Make an informed decision: How to choose the right retail ETF?
There are many retail ETFs in the U.S. tracking the performance of their own benchmark for highly liquid large caps and small caps retail stocks —where should you invest?