85.42 -0.17 (-0.20%)
After hours: 6:40PM EDT
|Bid||85.39 x 800|
|Ask||85.50 x 1800|
|Day's range||85.39 - 87.53|
|52-week range||48.11 - 91.99|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||15.83|
|Earnings date||27 Aug 2020 - 31 Aug 2020|
|Forward dividend & yield||2.20 (2.51%)|
|Ex-dividend date||10 Jun 2020|
|1y target est||86.83|
On Friday, a number of major public corporations across a variety of industries will observe Juneteenth as a company holiday.
When people look back on how businesses fared during the COVID-19 pandemic, many may see Best Buy (NYSE: BBY) as one of the relative surprises. Now, Best Buy is reopening more than 800 of its stores. This strategy allowed Best Buy to avoid the massive revenue drop that hit other retailers deemed "non-essential."
Electronics superstore chain Best Buy (NYSE: BBY) announced late Tuesday, after close of trading, that it intends to reopen the majority of its more than 1,200 stores to in-store shopping next week. More than 800 Best Buy locations will begin allowing "a limited number" of people back inside the doors on June 15 -- no appointment necessary, the company said.
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Not only was Best Buy a stronger company heading into the crisis, but its relative strength over Foot Locker is also only likely to accelerate in the months and years ahead. Both companies reported their first-quarter results last week, illustrating the key differences in their business models, sensitivity to stay-at-home orders, and giving a sneak peak into why Best Buy is the more solid pick of the two. During the May quarter, in which Best Buy, Foot Locker, and other retailers were forced to shut their doors to customers, Best Buy's business resilience was clearly on display.
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.55 per common share. The quarterly dividend is payable on July 2, 2020, to shareholders of record as of the close of business on June 11, 2020. The company had 257,608,566 shares of common stock issued and outstanding as of May 2, 2020.
Shares of big box electronics retailer Best Buy (NYSE: BBY) sold off by nearly 6% in early trading Thursday, after reporting Q1 2021 earnings, before climbing back to about a 3.8% loss as of 2:35 p.m. EDT. Curiously, though, Best Buy's earnings were better than expected, not worse. Heading into earnings, analysts had predicted Best Buy would earn $0.60 per share on sales of $8.35 billion.
Best Buy (BBY) delivered earnings and revenue surprises of 63.41% and 5.07%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 2, 2020 ("Q1 FY21"), as compared to the 13-week first quarter ended May 4, 2019 ("Q1 FY20").
Retail stocks' results are expected to reflect soft demand for non-essentials and discretionary items, offset by the increased stock-piling trend of essential goods, medicines and food in March.
Best Buy (BBY) is scheduled to release financial results on Wednesday, May 20. The electronic retail giant is expected to report earnings of $0.60 per share on 8.35 billion in revenue. Earnings forecasts have declined more than 50% over the last 30-days, which could make it easy for Bestbuy to beat.
Shares of Best Buy (NYSE: BBY) have jumped today, up by 10% as of 1 p.m. EDT, after the company received an upgrade from Wall Street. Telsey Advisory Group boosted its rating from market perform to outperform. Telsey analyst Joseph Feldman believes that Best Buy has handled the COVID-19 pandemic relatively well, especially when compared to other retailers.
Shares of Best Buy (NYSE: BBY), an electronics superstore still holding on despite Amazon.com's (NASDAQ: AMZN) competition, soared abruptly this morning following a strong recommendation from an analyst at Telsey Advisory Group. Telsey analyst Joseph Feldman says he expects comparable sales growth of 7.7% for fiscal 2021. The company's sales are still at approximately 70% of the previous fiscal year's levels, pointing to its strength despite the huge downward sales pressure of the coronavirus pandemic across the U.S. economy.