Previous close | 73.32 |
Open | 74.00 |
Bid | 84.37 x 800 |
Ask | 84.50 x 800 |
Day's range | 82.19 - 84.86 |
52-week range | 69.07 - 141.97 |
Volume | |
Avg. volume | 3,608,073 |
Market cap | 20.205B |
Beta (5Y monthly) | 1.52 |
PE ratio (TTM) | 8.12 |
EPS (TTM) | 10.34 |
Earnings date | 23 Feb 2022 - 28 Feb 2022 |
Forward dividend & yield | 3.52 (4.08%) |
Ex-dividend date | 23 Mar 2022 |
1y target est | 123.71 |
Week to date, shares of Best Buy (NYSE: BBY) were up 15.6% as of 10:31 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Earlier in the week, Best Buy reported a decline in sales and profits, but its fiscal first-quarter results were better than investors had expected, considering the inflation and supply chain problems across the economy. Other retailers also released better-than-expected results this week, specifically Williams-Sonoma and Macy's. While home goods and high-end luxury are still showing healthy sales increases for Williams-Sonoma and upscale department stores, people are holding back on electronics.
Growing inventories, continued inflation, the rising costs of transportation, delivery, and keeping store shelves fully stocked -- these have been the main stories for retail stocks thus far in the earnings season. When Best Buy reported its first quarter earnings on Tuesday, it was clear that not everything has gone perfectly for the electronics superstore chain.
It is hard to get excited after looking at Best Buy's (NYSE:BBY) recent performance, when its stock has declined 14...