The retail industry closed the day down 2.3%. Haverty Furniture Companies Inc ( HVT), Conn's Inc ( CONN), Builders FirstSource Inc ( BLDR), and Tuesday Morning Corporation ( TUES) were all decliners today within the retail industry with Best Buy Co Inc ( BBY) being today's featured retail loser. Best Buy Co Inc fell 80 cents (-3.1%) to $24.86 on light volume. Throughout the day, 3.8 million shares of Best Buy Co Inc exchanged hands as compared to its average daily volume of 7.5 million shares. Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy Co Inc has a market cap of $9.3 billion and is part of the services sector. The company has a P/E ratio of 8.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 25.2% year to date as of the close of trading on Friday. TheStreet Ratings rates Best Buy Co as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself.
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