$BBY – Best Buy, Inc – Last closed at – $25.85 – Bearish (Short term)
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer a wide range of products from televisions & car stereos to snacks and beverages, notebooks and desktop computers to kitchen and bath fixtures.
Shares of Best Buy dropped 9.7% on Jan 14, 2016, after the company reported dismal holiday sales numbers. The holiday sales for the nine weeks ended Jan 2, 2016, declined 3.6% to $10,961 million and has been on the negative note since then.
BBY reported its revenues for the last quarter yesterday. It reported an EPS of $0.41, topping the consensus estimate of $0.36. Analysts at Jefferies Group increased their Q1 2017 earnings per share estimates for shares of Best Buy Co and gave a “buy” rating, with the target price of $47.