Best Buy Co Inc (BBY)

BBY (NYSE:Retail) EQUITY
$32.66
pos +0.01
+0.03%
Today's Range: 0.00 - 0.00 | BBY Avg Daily Volume: 4,733,200
Last Update: 04/28/16 - 3:59 PM EDT
Volume: 0
YTD Performance: 7.23%
Open: $0.00
Previous Close: $32.65
52 Week Range: $25.31 - $39.10
Oustanding Shares: 323,347,681
Market Cap: 10,825,680,360
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 7 6 7 9
Moderate Buy 0 0 0 0
Hold 6 7 7 5
Moderate Sell 1 1 1 1
Strong Sell 1 1 1 1
Mean Rec. 2.27 2.40 2.31 2.06
Latest Dividend: 0.73
Latest Dividend Yield: 3.35%
Dividend Ex-Date: 03/15/16
Price Earnings Ratio: 14.56
Price Earnings Comparisons:
BBY Sector Avg. S&P 500
14.56 13.10 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
21.06% -8.59% 38.94%
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 (04/16) Qtr (07/16) FY (01/17) FY (01/18)
Average Estimate $0.34 $0.50 $2.85 $3.02
Number of Analysts 12 11 13 10
High Estimate $0.36 $0.54 $3.05 $3.28
Low Estimate $0.30 $0.42 $2.52 $2.28
Prior Year $0.37 $0.49 $2.78 $2.85
Growth Rate (Year over Year) -6.98% 2.04% 2.63% 5.89%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | Mar 15, 2016 | 4:02 PM EDT
Inside day for the markets today. Ns over Ss and Rs (Russell was quite weak, down $1.54, probably related to biotech/health care. Note: iShares Russell 2000 (IWM) short is a recent Best Ideas List inclusion as a short.  The U.S. dollar weakened, though multinationals/staples -- including Procter & Gamble (PG), Colgate-Palmolive (CL) and Kimberly-Clark (KMB) -- were mixed.  Crude oil dropped 71 cents to $36.44. Natural gas rose by three cents. Gold fell by $14.70, continuing its recent correction. Silver was down an outsized 25 cents. (Boca Biff called, and he is squirming now. Stay tuned). Agricultural commodities:  wheat, corn and oats down small. Bonds were essentially unchanged, with  yields up a basis point. Municipals were also flattish and closed-end municipal funds sold off. High yield was lower. However, Blackstone/GSO Strategic Credit Fund (BGB) forged ahead by six cents and now stands up about 10% from January lows. I continue to buy. Credit is underpriced. If it isn't, stocks are materially overpriced!  Banks continued an orderly drop, but comparatively small. I would love to see a more meaningful decline because I want to re-up my financial holdings, with an intermediate-term view. Hit me with your best shot!  Life insurance starting to roll over? I am long Hartford Financial Services Group (HIG) and short Lincoln National (LNC) and MetLife (MET). Brokerages, recently sold and taken off the Best Ideas List, appear to be rolling over for another loss. Morgan Stanley (MS) was down 50 cents and Goldman Sachs (GS) down $1.35. Private equity is rolling over, too. Blackstone Group (BX) was down 40 cents. Old tech was unchanged. Media weakness; my shorts Comcast (CMCSA) and Disney (DIS) were lower. Biowreck -- down nearly 4%.  Retail was mixed, with remodeling in the form of Home Depot (HD) and Lowe's (LOW) was a highlight. I am market-neutral in the space. (T)FANG continues to exert some leadership. Tesla (TSLA) and Amazon (AMZN) were strong components. NOSH was tasty, as all four components were better. CRABBY flatlined. Recent sales of Potash (POT), Twitter (TWTR) and Radian Group (RDN) are looking OK for now. I like the short set-up now; a tepid rally from the lows. SPDR S&P 500 ETF (SPY) was down $1.30 at the worst, rallied to be only down 40 cents and was off 60 cents near the close. I added to ProShares UltraShort S&P 500 ETF (SDS) small. A trade, not a long-term lease!  I sold Best Idea long Best Buy (BBY). Yesterday's Trades of the Week -- inverse Nasdaq ETFs ProShares Short QQQ (PSQ), ProShares UltraShort QQQ (QID) and ProShares UltraPro Short QQQ (SQQQ) -- were up marginally. Some good stuff on RealMoneyPro today: 1. Mo' Cross on gold. But Skip Raschke prefers platinum over gold. (It's a no-brainer? Uh ho! I hate that term, as respectfully nothing is a no-brainer, Carl Icahn!)  2. Tim "Not Phil or Judy" Collins sees yellow flags.  3. James Passeri on
By

Doug Kass

 | Mar 15, 2016 | 2:11 PM EDT
I eliminated my Best Buy (BBY) long and I added small to my ProShares UltraShort S&P 500 ETF (SDS) long at $19.88.
By

Doug Kass

 | Mar 15, 2016 | 1:35 PM EDT
With today's sale of my stake in Best Buy (BBY) and last week's disposal of Bed Bath & Beyond (BBBY), I'm now market neutral in retail because I'm long Macy's  (M) and short Nordstrom (JWN).
By

Doug Kass

 | Mar 15, 2016 | 12:16 PM EDT
The U.S. retail outlook is deteriorating, and I'm responding in my portfolio.
By

Doug Kass

 | Mar 14, 2016 | 3:35 PM EDT
For a change, a quiet day of trading; the Bull Market in Complacency remains in place. The U.S. dollar strengthened. Bonds rallied in price and declined in yield by two to three basis points. iShares 20+ Year Treasury Bond (TLT) up 78 cents. The 10-year U.S. note yield dropped to 1.95% and the long bond declined by three basis points to 2.72%. Municipals were well-bid and closed-end municipal bond funds enjoyed a good day. High yield was mixed after some great gains, with iShares iBoxx High Yield Corporate Bond ETF (HYG) down 24 cents but SPDR Barclays High Yield Bond ETF (JNK) down six cents. Blackstone/GSO Strategic Credit Fund (BGB) slipped by four cents. Crude oil dropped by $1.42 to $37.06. Gold declined by nearly $21 as the momentum is slipping. Silver was down 14 cents. Agricultural commodities: wheat +2.75, corn +4.00 and oats +5.00. Lumber -2.50. Banks cooled their heels after nice gains. I had upbeat comments on Friday on the sector, despite the likelihood of reduced earnings estimates ahead.  Brokerages, recently sold, were flat. Life insurance stocks were mixed; my sole long, Hartford Financial Services Group (HIG), was marginally higher. Private equity -- e.g., Blackstone Group (BX), which I also sold -- held well despite recent gains. Retail was mixed. The upside was led by Home Depot (HD) and the downside by Best Buy (BBY), down 50 cents. Old tech was indifferent. Energy stocks held up well despite lower crude, though Schlumberger (SLB) was down $1.40. Consumer staples were mixed. My fav, Procter & Gamble (PG), was weak, though Kimberly-Clark (KMB), was up by over a beaner. Biotech flatlined. Allergan (AGN) continues weak, though My Biotech Basket (sold a week ago) shined, with Gilead Sciences (GILD) higher and both Portola Pharmaceuticals (PTLA) and Sage Therapeutics (SAGE) soaring.  (T)FANG is taking back its leadership role, with Tesla (TSLA) up $8, Amazon (AMZN) up $4 and Alphabet (GOOGL) up $4.50. NOSH was stronger, with only O'Reilly Automotive (ORLY) lower. CRABBY was so, with all components lower. I eliminated Radian Group (RDN) and took the name off my Best Ideas List this morning. Note: S&P raised Radian's debt rating this afternoon.  Good stuff today on RealMoneyPro: 1. Jim "El Capitan" Cramer on whether China is driving the commodity rally.  2. Rev Shark on those damn computers.  3. "Meet" Brett Jensen on muddling along.  4. More Ben Cross on gold.  5. Bob Lang on bullish percent index. 
By

Brian Sozzi

 | Mar 14, 2016 | 10:00 AM EDT

After corporate governance misfires, the burrito chain needs to think like a big-time global company.

By

Doug Kass

 | Mar 10, 2016 | 3:48 PM EST
Stocks: UP big, DOWN big and now flat. I continue to see a broad and important top with increased short-term vulnerability. The U.S. dollar traded all over. Initially strong against the euro on the ECB moves and closing much weaker. Massive reversa, among the largest in history. Massive reversal, too, in European bourses (lower). A  500-point reversal from high to low in the DAX -- are you kidding me? Crude oil closed lower by 46 cents.  Nat gas up five cents. Gold up $16.70 to $1,274. Agricultural commodities: wheat +7.50, corn +2.75, soybeans +2.50 and oats +1.75. Lumber up $2.00 Bonds were up in yield and down in price. The 10-year yield rose by four basis points to 1.93% and the long bond increased by two basis points to 2.70%. Municipals trade higher (small). Closed-end muni bond funds rose in price. High yield bonds continued their solid gains. BGB was plus four cents to $13.15. I have been adding over the last few weeks, as everyone knows. Bank stocks were impervious to the market's wild gyrations and look to end the day slightly higher and at day's highs. I am watching closely for a short-term opportunity to add to these long-term investments. Remember, I recently sold the rip in bank stocks and moved to small size while keeping seven banks on my Best Ideas List. The next move is to load up.  Life insurance was unchanged; however, my sole long (and takeover candidate), Hartford Financial Services Group (HIG), was up 30 cents. So were brokerages. Retail was weaker, led by Bed, Bath & Beyond (BBBY), down $1.20 (I sold earlier this week).  JWN is a new short (see above).    Old tech was down, with Microsoft (MSFT) off big (a beaner) for the second day in a row. Consumer staples were weaker, led by Best Ideas List long Procter & Gamble (PG). Energy stocks were mixed, though my short, Exxon Mobil (XOM), was down 0.75%. Biotech off marginally. My Biotech Basket (sold on Tuesday) continues to get hammered as speculative stocks fall. Both Potash (POT), down 80 cents, and Twitter (TWTR), down $1, were sold two days ago -- and that looks like a good decision as these two are down pretty hard for the second day in a row. DuPont (DD) was down $1.30 and coming close to my buy entry point under $61. Negative channel check data at Apple (AAPL). (T)FANG was lower, save Alphabet (GOOGL). NOSH mixed, led by O'Reilly Automotive (ORLY) on the upside and Home Depot (HD) on the downside. CRABBY mixed. Sold my ProShares UltraShort S&P 500 ETF (SDS) for a nice gain. Beware of decay in leveraged ETFs, OK?  Good stuff on RealMoneyPro today: 1. "Value in Stores Can Mean Value in Stocks" by Jim "El Capitan" Cramer.  2. TIm "Not Judy or Phil" Collins on iShares 20+ Year Treasury Bond (TLT); thanks for the shout out, TC! If Tim is right, there will be a great buy in bank stocks over the near term. As I said above, stay tuned. 3. Ben Cross on gold.  4. Sham Gad on patience while others around us are acting irrational.  5. RevShark says the path of least resistance is down.
By

Doug Kass

 | Mar 10, 2016 | 11:16 AM EST
I recently sold my long of Bed Bath & Beyond (BBBY) in the retail space, but am still long on Best Buy (BBY) and Macy's (M) and have been looking for a hedge against those two. Well, I've decided to use a short of Nordstrom (JWN) for that purpose.
By

Doug Kass

 | Mar 7, 2016 | 4:06 PM EST
The market did its best to wear out the bears. Opening lower, Mr. Market had a rather violent move to the upside (a reversal of about 20 S&P handles). It closed the day back almost where it started. The U.S. dollar was slightly weaker. Bonds flatlined. The 10-year yield rose by two basis points and the long bond was unchanged. Municipals were dead flat and so were closed-end municipal bond funds. The junk bond market was up marginally, but Blackstone/GSO Strategic Credit Fund (BGB) got hit for six cents after a reasonably good run. Crude oil was an upside feature, gaining $1.97 to $37.89 even though some sage advisers said it would never rise above $40 a barrel for years. Nat gas increased by three cents. Gold fell by $2 to $1,268. Agricultural commodities exhibited little movement in price, with soybeans, corn and wheat barely moving. Oats were up 5.25. Lumber was up $7.70. Financials were little changed to down. Banks were a bit lower, as were brokerages. Retail was quite strong. Wal-Mart (WMT), Best Buy (BBY) and Bed, Bath & Beyond (BBBY), which I sold in the a.m., were all up substantially. Biotech was up 2%, led by Valeant Pharmaceuticals (VRX). But Allergan (AGN) was down $2. Old tech was led by IBM (IBM), up $2, but Microsoft (MSFT) was down $1.30 after recent strong gains. Airlines got pressured by crude's price rise. Autos were mixed, with Ford (F) higher and General Motors (GM) lower. I am short both! Consumer staples got hit and are extended. Best Ideas List long Procter & Gamble (PG) was down by 30 cents.  My previously owned Biotech Basket prospered, led by Intrexon (XON), which was featured in a Saturday New York Times article. Nektar Therapeutics (NKTR), Sage Therapeutics (SAGE), Portola Pharmaceuticals (PTLA), Celgene (CELG) and Gilead Sciences (GILD) all were higher. Energy stocks followed the price of crude. Exxon Mobil (XOM) was up $1.75 and Schlumberger (SLB) rose 90 cents. (T)FANGs lost their bite today.  NOSH was broadly lower, with Nike (NKE) and Starbucks (SBUX) leading lower. CRABBY's six components were all down on the day. DuPont (DD), my large-cap stock of the year, was higher but Dow Chemical (DOW) was lower as BASF expressed takeover interest in DD. I will have more on this tomorrow. I am holding to my position. Good stuff on RealMoneyPro today: 1. Gary Morrow on Facebook's breakdown  2.  Jim "El Capitan" Cramer on the commodities market  3.  Mark "Nashville Cats" Sebastian on spotting a short squeeze  4.  Jeremy LaKosh on the labor market   5.  Tim Melvin on the
By

Doug Kass

 | Mar 7, 2016 | 2:00 PM EST
"I still don't know what I was waiting forAnd my time was running wild.A million dead-end streetsEvery time I thought I'd got it made.It seemed the taste was not so sweetSo I turned myself to face me.But I've never caught a glimpseOf how the others must see the faker.I'm much too fast to take that test."

Took a small loss. But sized properly given my risk profile.

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