Best Buy Co Inc (BBY): Today's Featured Retail Laggard
(
) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Best Buy fell $1.05 (-3.5%) to $28.69 on average volume. Throughout the day, 7,192,088 shares of Best Buy exchanged hands as compared to its average daily volume of 8,333,100 shares. The stock ranged in price between $28.11-$29.72 after having opened the day at $29.71 as compared to the previous trading day's close of $29.74. Other companies within the Retail industry that declined today were:
(
), down 6.4%,
(
), down 5.6%,
Christopher & Banks Corporation
(
), down 5.2% and
(
), down 3.6%.
Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $9.3 billion and is part of the services sector. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 151.0% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Best Buy a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Best Buy
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.
- You can view the full Best Buy Ratings Report.
On the positive front,
(
), up 74.1%,
(
), up 8.5%,
(
), up 6.0% and
(
), up 6.0% , were all gainers within the retail industry with
(
) being today's featured retail industry leader.
- Use our retail section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider
(
) while those bearish on the retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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