Best Buy Co. Inc. [NYSE: BBY] gained 2.52% or 2.8 points to close at $114.09 with a heavy trading volume of 3610736 shares.
It opened the trading session at $112.69, the shares rose to $114.72 and dropped to $111.86, the range by which the price of stock traded the whole day. The daily chart for BBY points out that the company has recorded 116.24% gains over the past six months. However, it is still -137.19% lower than its most recent low trading price.
If we look at the average trading volume of 2.41M shares, BBY reached to a volume of 3610736 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $118.02 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.
Cleveland Research have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 29, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $120 to $135. The new note on the price target was released on August 26, 2020, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another raise from $100 to $135, while Raymond James kept a Strong Buy rating on BBY stock. On August 18, 2020, analysts increased their price target for BBY shares from 95 to 130.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 3.14, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 7.84. Price to Free Cash Flow for BBY in the course of the last twelve months was 6.51 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for BBY stock
Best Buy Co. Inc. [BBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.90. With this latest performance, BBY shares gained by 0.52% in over the last four-week period, additionally plugging by 116.24% over the last 6 months – not to mention a rise of 75.47% 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 66.76, with the RSI for the last a single of trading hit 72.11, and the three-weeks RSI is set at 63.79 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 106.80, while it was recorded at 109.97 for the last single week of trading, and 86.13 for the last 200 days.
Best Buy Co. Inc. [BBY]: A deeper dive into fundamental analysis
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 1.10.
Best Buy Co. Inc. [BBY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Best Buy Co. Inc. posted 1.13/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.70%. 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 7.40%.
An analysis of insider ownership at Best Buy Co. Inc. [BBY]
There are presently around $23,532 million, or 82.10% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 29,346,566, which is approximately 6.006% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 18,887,921 shares of the stock with an approximate value of $2.15 billion in BBY stocks shares; and FMR LLC, currently with $1.95 billion in BBY stock with ownership of nearly -4.182% of the company’s market capitalization.
Positions in Best Buy Co. Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 349 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 18,818,147 shares. Additionally, 312 investors decreased positions by around 15,028,740 shares, while 63 investors held positions by with 172,411,047 shares. The mentioned changes placed institutional holdings at 206,257,934 shares, according to the latest SEC report filing. BBY stock had 118 new institutional investments in for a total of 2,261,301 shares, while 66 institutional investors sold positions of 910,584 shares during the same period.