Best Buy Co. Inc. [NYSE: BBY] traded at a low on 02/25/21, posting a -9.27 loss after which it closed the day’ session at $102.94. The company report on February 25, 2021 that Best Buy Reports Fourth Quarter Results.
Enterprise Comparable Sales Increased 12.6%.
Domestic Comparable Online Sales Increased 89.3%.
The results of the trading session contributed to over 10031922 shares changing hands. Over the past one week, the price volatility of Best Buy Co. Inc. stands at 4.08% while the volatility over the past one month is 3.02%.
The market cap for BBY stock reached $26.38 billion, with 259.80 million shares outstanding and 229.43 million shares in the current float. Compared to the average trading volume of 2.94M shares, BBY reached a trading volume of 10031922 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $123.02 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 2.40. 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.
BofA Securities have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 04, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $107 to $97. The new note on the price target was released on December 10, 2020, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another raise from $120 to $125, while Oppenheimer kept a Perform rating on BBY stock.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 3.81, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 6.54, with the Price to Cash per share for the same quarter was set at 22.17. Price to Free Cash Flow for BBY in the course of the last twelve months was 6.15 with Quick ratio for the last quarter at 0.50.
How has BBY stock performed recently?
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 -11.84. With this latest performance, BBY shares dropped by -10.25% in over the last four-week period, additionally sinking by -8.61% over the last 6 months – not to mention a rise of 25.26% 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 30.02, with the RSI for the last a single of trading hit 20.66, and the three-weeks RSI is set at 36.19 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 110.15, while it was recorded at 113.33 for the last single week of trading, and 103.61 for the last 200 days.
Best Buy Co. Inc. [BBY]: Deeper insight into the 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 0.50 and a Current Ratio set at 1.10.
Earnings analysis for Best Buy Co. Inc. [BBY]
With the latest financial reports released by the company, Best Buy Co. Inc. posted 0.67/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 34.00%. 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 9.63%.
Insider trade positions for Best Buy Co. Inc. [BBY]
There are presently around $20,613 million, or 81.10% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 28,756,539, which is approximately -0.449% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 19,306,106 shares of the stock with an approximate value of $1.99 billion in BBY stocks shares; and FMR LLC, currently with $1.46 billion in BBY stock with ownership of nearly 20.955% of the company’s market capitalization.
Positions in Best Buy Co. Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 428 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 17,320,537 shares. Additionally, 354 investors decreased positions by around 17,386,781 shares, while 69 investors held positions by with 165,537,259 shares. The mentioned changes placed institutional holdings at 200,244,577 shares, according to the latest SEC report filing. BBY stock had 121 new institutional investments in for a total of 1,557,344 shares, while 69 institutional investors sold positions of 2,777,736 shares during the same period.