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BBY

Best Buy

$38.27

0.09 (0.24%)

13:25
10/03/16
10/03
13:25
10/03/16
13:25

Best Buy to pay $3.8M penalty for distributing previously recalled products

The U.S. Consumer Product Safety Commission announced that Best Buy has agreed to pay a $3.8M civil penalty for distributing and selling previously recalled consumer products. Federal law prohibits the sale, offer for sale, or distribution in commerce of a consumer product that is subject to voluntary corrective action, such as a recall, that has been publicly announced and taken in consultation with CPSC. The agreement settles charges that the firm knowingly sold and distributed 16 different recalled products during a five year period from 2010 through 2015. CPSC staff charged that Best Buy failed to implement adequate procedures to accurately identify, quarantine, and prevent the sales of the recalled products across all of its supply channels. Staff also charged that Best Buy, in some cases, failed to permanently block product codes due to inaccurate information that signaled that the recalled product was not in inventory. At other times, the blocked codes were reactivated prematurely, and in a few cases, overridden. Sales of recalled products continued even after Best Buy told CPSC that the firm had put measures into place to reduce the risk of sales of recalled products.Between September 2010 and October 2015, Best Buy sold about 600 recalled items, including more than 400 Canon cameras, to consumers. In addition to paying a $3.8M civil penalty, Best Buy has agreed to maintain a compliance program that is designed to ensure compliance with the Consumer Product Safety Act, including a program for the appropriate disposal of recalled products. The firm has also agreed to maintain a system of internal controls and procedures. Best Buy's settlement of this matter does not constitute an admission of CPSC staff's charges.

BBY Best Buy
$38.27

0.09 (0.24%)

08/24/16
RBCM
08/24/16
NO CHANGE
RBCM
Best Buy top line growth likely to remain challenging, says RBC Capital
RBC Capital analyst Scot Ciccarelli says that Best buy continued to gain share in Q2, while its e-commerce results were "strong." However, the analyst notes that 70% of the company's profits are generated in the second half of the year, and he expects the company's revenue growth to "remain challenging." The analyst raised his price target on the name to $42 from $36 but keeps a Sector Perform rating on the shares.
08/24/16
08/24/16
NO CHANGE

SunTrust sees reasons to be positive on Best Buy 2H16 outlook
SunTrust analyst David Magee says that Best Buy's Q2 results show that its investments of the last two years are paying off. The analyst thinks that the company will have several positive catalysts in the second half of the year, including new virtual reality and gaming product introductions, along with appliance share gains. These catalysts should enable Best Buy's momentum to continue, according to Magee, who raised his price target on the stock to $45 from $39 and keeps a Buy rating.
08/24/16
DBAB
08/24/16
NO CHANGE
Target $41
DBAB
Hold
Best Buy price target raised to $41 from $32 at Deutsche Bank
Deutsche Bank analyst Mike Baker attributes Best Buy's better than expected comparable sales to share gains, which are likely due to leveraging its scale to form strong vendor partnerships, but he also notes that most indicators keep pointing to a weak consumer electronics industry. Baker raised his price target on Best Buy shares to $41 from $32 but keeps a Hold rating on the stock.
08/24/16
WEDB
08/24/16
NO CHANGE
WEDB
Best Buy likely to return to comp sales declines, says Wedbush
Wedbush analyst Michael Pachter says that Best Buy's Q2 results were bolstered by the company's control of promotional activity and by its share repurchases. However, the analyst expects the company's comps to begin to decline persistently due to "a lack of compelling new products" for the holiday season. He thinks that the company's cost cutting is approaching its limit, and he keeps an Underperform rating on the shares.

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RAD

Rite Aid

$3.93

0.19 (5.08%)

, WBA

Walgreens Boots Alliance

$77.09

-0.17 (-0.22%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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RAD

Rite Aid

$3.93

0.19 (5.08%)

WBA

Walgreens Boots Alliance

$77.09

-0.17 (-0.22%)

MKC

McCormick

$98.95

0.42 (0.43%)

LNN

Lindsay

$88.04

1.44 (1.66%)

GBX

Greenbrier

$50.00

0.55 (1.11%)

CAG

Conagra Brands

$37.37

0.37 (1.00%)

STZ

Constellation Brands

$183.68

1.4 (0.77%)

AYI

Acuity Brands

$179.73

4.4 (2.51%)

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FUL

H.B. Fuller

$53.67

1.59 (3.05%)

19:53
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Earnings
H.B. Fuller narrows FY17 adjusted EPS to $2.57-$2.67 from $2.57-$2.77 »

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FUL

H.B. Fuller

$53.67

1.59 (3.05%)

19:51
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Earnings
H.B. Fuller reports Q2 adjusted EPS 62c, consensus 67c »

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NERV

Minerva

$7.95

-0.65 (-7.56%)

19:46
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Syndicate
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    Jun

GOV

Government Properties

$19.33

-2.565 (-11.72%)

19:45
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Syndicate
Government Properties 25M share Secondary priced at $18.50 »

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    Jun

APRN

Blue Apron

19:41
06/28/17
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19:41
Syndicate
Blue Apron 30M share IPO priced at $10.00 »

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  • 29

    Jun

SO

Southern Company

$49.15

-0.25 (-0.51%)

, TOSBF

Toshiba, also use TOSYY

$2.57

-0.03 (-1.15%)

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Hot Stocks
Georgia Power, Southern Nuclear to assume Vogtle project management by late July »

Georgia Power (SO) and…

SO

Southern Company

$49.15

-0.25 (-0.51%)

TOSBF

Toshiba, also use TOSYY

$2.57

-0.03 (-1.15%)

TOSYY

Toshiba, also use TOSBF

$15.28

-0.39 (-2.49%)

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BA

Boeing

$199.62

0.73 (0.37%)

, BDRBF

Bombardier

$1.87

0.039 (2.13%)

19:29
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19:29
Periodicals
Boeing requests delay in ruling on Bombardier complaint, Reuters says »

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BA

Boeing

$199.62

0.73 (0.37%)

BDRBF

Bombardier

$1.87

0.039 (2.13%)

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BAC

Bank of America

$23.88

0.61 (2.62%)

, BRK.A

Berkshire Hathaway

$254,660.00

3350 (1.33%)

19:22
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Periodicals
Berkshire may swap Bank of America preferred shares after CCAR news, WSJ says »

After Bank of America…

BAC

Bank of America

$23.88

0.61 (2.62%)

BRK.A

Berkshire Hathaway

$254,660.00

3350 (1.33%)

BRK.B

Berkshire Hathaway

$169.89

2.54 (1.52%)

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WATT

Energous

$15.39

0.16 (1.05%)

, DLGNF

Dialog Semiconductor

19:01
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Dialog invests extra $15M in Energous »

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WATT

Energous

$15.39

0.16 (1.05%)

DLGNF

Dialog Semiconductor

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ANTM

Anthem

$187.92

0.51 (0.27%)

18:59
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Periodicals
Anthem to curtail plan offerings in most of Nevada, WSJ reports »

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VRSN

VeriSign

$93.77

0.97 (1.05%)

18:36
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VeriSign says renews .net control through 2023 »

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DD

DuPont

$81.28

0.59 (0.73%)

, DOW

Dow Chemical

$63.25

0.62 (0.99%)

18:34
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Hot Stocks
DuPont, Dow Chemical boards reiterate support of merger agreement »

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DD

DuPont

$81.28

0.59 (0.73%)

DOW

Dow Chemical

$63.25

0.62 (0.99%)

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TPX

Tempur Sealy

$50.87

0.07 (0.14%)

18:33
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ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

, DK

Delek US

$26.43

0.25 (0.95%)

18:26
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Alon USA Energy stockholders approve Delek US merger »

Alon USA Energy (ALJ)…

ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

DK

Delek US

$26.43

0.25 (0.95%)

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ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

, CST

CST Brands

18:25
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Hot Stocks
Alimentation Couche-Tard confirms closing of CST Brands acquisition »

Alimentation Couche-Tard…

ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

CST

CST Brands

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BK

BNY Mellon

$50.60

0.92 (1.85%)

18:04
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PRGS

Progress Software

$30.82

0.74 (2.46%)

, WOR

Worthington

$47.36

2 (4.41%)

18:03
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On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

PRGS

Progress Software

$30.82

0.74 (2.46%)

WOR

Worthington

$47.36

2 (4.41%)

GEMP

Gemphire Therapeutics

$12.27

0.43 (3.63%)

NXTD

Nxt-ID

$1.66

0.2505 (17.77%)

KLIC

Kulicke & Soffa

$20.02

0.53 (2.72%)

SRPT

Sarepta

$33.86

0.83 (2.51%)

SPLS

Staples

$9.93

0.77 (8.41%)

FITB

Fifth Third

$25.49

0.4 (1.59%)

DFS

Discover

$61.88

0.81 (1.33%)

STI

SunTrust

$56.09

0.88 (1.59%)

C

Citi

$65.18

0.95 (1.48%)

RF

Regions Financial

$14.09

0.09 (0.64%)

BK

BNY Mellon

$50.60

0.92 (1.85%)

JPM

JPMorgan

$89.82

1.77 (2.01%)

CFG

Citizens Financial

$35.34

0.5 (1.44%)

BAC

Bank of America

$23.88

0.61 (2.62%)

MS

Morgan Stanley

$44.32

0.1 (0.23%)

WFC

Wells Fargo

$54.33

1.17 (2.20%)

PNC

PNC Financial

$123.40

2.28 (1.88%)

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

GS

Goldman Sachs

$223.22

2.94 (1.33%)

AXP

American Express

$83.97

0.89 (1.07%)

USB

U.S. Bancorp

$51.98

0.84 (1.64%)

PIR

Pier 1 Imports

$5.38

0.04 (0.75%)

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

AKBA

Akebia

$15.50

-0.19 (-1.21%)

DOC

Physicians Realty Trust

$21.60

0.08 (0.37%)

CRZO

Carrizo Oil & Gas

$15.61

-0.47 (-2.92%)

COF

Capital One

$82.98

1.6 (1.97%)

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VRX

Valeant

$17.15

0.5 (3.00%)

18:02
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Salix confirms FDA accepts NDA for PLENVU »

Valeant…

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NTNX

Nutanix

$20.36

1.72 (9.23%)

, GOOG

Alphabet

$940.49

13.16 (1.42%)

18:02
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Hot Stocks
Nutanix announces strategic alliance with Google Cloud »

Nutanix (NTNX) announced…

NTNX

Nutanix

$20.36

1.72 (9.23%)

GOOG

Alphabet

$940.49

13.16 (1.42%)

GOOGL

Alphabet Class A

$961.01

12.92 (1.36%)

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CE

Celanese

$93.42

0.62 (0.67%)

18:02
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Hot Stocks
Celanese increases price of Dibutyl Maleate and Dioctyl Maleate in Europe »

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GS

Goldman Sachs

$223.22

2.94 (1.33%)

18:00
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Hot Stocks
Goldman Sachs: Fed did not object to capital plan »

Goldman Sachs announced…

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