Best Buy Co. Inc. [NYSE: BBY] surged by $0.51 during the normal trading session on Friday and reaching a high of $79.68 during the day while it closed the day at $77.76. Best Buy Co. Inc. stock has also loss -5.78% of its value over the past 7 days. However, BBY stock has inclined by 27.35% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.24% and lost -11.44% year-on date.
The market cap for BBY stock reached $19.95 billion, with 258.30 million shares outstanding and 228.76 million shares in the current float. Compared to the average trading volume of 3.12M shares, BBY reached a trading volume of 2477578 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Best Buy Co. Inc. [BBY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBY shares is $86.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 18, 2020. The new note on the price target was released on May 14, 2020, representing the official price target for Best Buy Co. Inc. stock. On January 09, 2020, analysts increased their price target for BBY shares from 90 to 100.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 3.43, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 5.89. Price to Free Cash Flow for BBY in the course of the last twelve months was 9.38 with Quick ratio for the last quarter at 0.60.
BBY stock trade performance evaluation
Best Buy Co. Inc. [BBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.78. With this latest performance, BBY shares gained by 3.64% in over the last four-week period, additionally sinking by -7.24% over the last 6 months – not to mention a rise of 18.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBY stock in for the last two-week period is set at 49.94, with the RSI for the last a single of trading hit 44.45, and the three-weeks RSI is set at 50.71 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 74.30, while it was recorded at 80.40 for the last single week of trading, and 75.62 for the last 200 days.
Best Buy Co. Inc. [BBY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Best Buy Co. Inc. [BBY] shares currently have an operating margin of +4.67 and a Gross Margin at +22.86. Best Buy Co. Inc.’s Net Margin is presently recorded at +3.53.
Return on Total Capital for BBY is now 33.28, given the latest momentum, and Return on Invested Capital for the company is 26.77. Return on Equity for this stock inclined to 45.42, with Return on Assets sitting at 10.71. When it comes to the capital structure of this company, Best Buy Co. Inc. [BBY] has a Total Debt to Total Equity ratio set at 116.96. Additionally, BBY Total Debt to Total Capital is recorded at 53.91, with Total Debt to Total Assets ending up at 26.10. Long-Term Debt to Equity for the company is recorded at 97.59, with the Long-Term Debt to Total Capital now at 44.98.
Reflecting on the efficiency of the workforce at the company, Best Buy Co. Inc. [BBY] managed to generate an average of $12,328 per employee. Receivables Turnover for the company is 40.33 with a Total Asset Turnover recorded at a value of 3.03.Best Buy Co. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.
Earnings per share (EPS) analysis for Best Buy Co. Inc. [BBY] stock
With the latest financial reports released by the company, Best Buy Co. Inc. posted 1.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.99/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Best Buy Co. Inc. go to 7.90%.
Best Buy Co. Inc. [BBY]: Insider Ownership positions
There are presently around $15,778 million, or 80.80% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 27,683,926, which is approximately 2.88% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 18,601,382 shares of the stock with an approximate value of $1.45 billion in BBY stocks shares; and FMR LLC, currently with $1.39 billion in BBY stock with ownership of nearly -17.201% of the company’s market capitalization.
Positions in Best Buy Co. Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 312 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 18,314,159 shares. Additionally, 368 investors decreased positions by around 19,803,242 shares, while 58 investors held positions by with 164,786,158 shares. The mentioned changes placed institutional holdings at 202,903,559 shares, according to the latest SEC report filing. BBY stock had 87 new institutional investments in for a total of 2,246,395 shares, while 119 institutional investors sold positions of 1,968,242 shares during the same period.