Best Buy Co. Inc. [NYSE: BBY] surged by $4.61 during the normal trading session on Friday and reaching a high of $103.20 during the day while it closed the day at $102.85. The company report on March 3, 2021 that Best Buy Health Offers Lively™ Health & Safety Services on Apple Watch for First Time.
Best Buy Health is helping to make it easier for older adults to stay safe, healthy and connected by offering a full array of health and safety services available on Apple Watch.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210303005117/en/.
Best Buy Co. Inc. stock has also gained 2.49% of its value over the past 7 days. However, BBY stock has declined by -4.30% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.80% and gained 3.07% year-on date.
The market cap for BBY stock reached $25.44 billion, with 259.80 million shares outstanding and 229.43 million shares in the current float. Compared to the average trading volume of 2.97M shares, BBY reached a trading volume of 5128100 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 $118.33 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.
Raymond James have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2021. The new note on the price target was released on February 04, 2021, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another drop from $107 to $97, while Goldman kept a Sell rating on BBY stock. On October 23, 2020, analysts increased their price target for BBY shares from 120 to 125.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 3.72, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.54. 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 22.97. Price to Free Cash Flow for BBY in the course of the last twelve months was 5.67 with Quick ratio for the last quarter at 0.50.
BBY stock trade performance evaluation
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 2.49. With this latest performance, BBY shares dropped by -6.77% in over the last four-week period, additionally sinking by -9.80% over the last 6 months – not to mention a rise of 32.08% 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 38.83, with the RSI for the last a single of trading hit 37.77, and the three-weeks RSI is set at 40.95 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 109.96, while it was recorded at 101.13 for the last single week of trading, and 104.24 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 +5.60 and a Gross Margin at +22.20. Best Buy Co. Inc.’s Net Margin is presently recorded at +3.80.
Return on Total Capital for BBY is now 32.62, given the latest momentum, and Return on Invested Capital for the company is 24.42. Return on Equity for this stock inclined to 44.58, with Return on Assets sitting at 10.38. 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 88.99. Additionally, BBY Total Debt to Total Capital is recorded at 47.09, with Total Debt to Total Assets ending up at 21.41. Long-Term Debt to Equity for the company is recorded at 71.18, with the Long-Term Debt to Total Capital now at 37.66.
Receivables Turnover for the company is 42.77 with a Total Asset Turnover recorded at a value of 2.73.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 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 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%.
Best Buy Co. Inc. [BBY]: Insider Ownership positions
There are presently around $20,875 million, or 80.90% 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 0.10% 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 432 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 17,418,929 shares. Additionally, 353 investors decreased positions by around 17,587,255 shares, while 67 investors held positions by with 167,960,174 shares. The mentioned changes placed institutional holdings at 202,966,358 shares, according to the latest SEC report filing. BBY stock had 120 new institutional investments in for a total of 1,553,321 shares, while 68 institutional investors sold positions of 2,777,579 shares during the same period.