Best Buy Co. Inc. [BBY] gain 18.39% so far this year. What now?

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Best Buy Co. Inc. [NYSE: BBY] gained 1.01% on the last trading session, reaching $118.14 price per share at the time. The company report on May 27, 2021 that Best Buy Reports Better-Than-Expected First Quarter Results.

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Enterprise Comparable Sales Increased 37.2%.

GAAP Diluted EPS Increased 280% to $2.32.

Best Buy Co. Inc. represents 260.50 million in outstanding shares, while the company has a total market value of $29.48 billion with the latest information. BBY stock price has been found in the range of $116.63 to $122.82.

If compared to the average trading volume of 2.47M shares, BBY reached a trading volume of 7710893 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 $118.23 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 2.60. 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.

Wedbush have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 26, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Sell. The new note on the price target was released on March 09, 2021, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another drop from $150 to $120, while Raymond James kept a Outperform rating on BBY stock.

The Average True Range (ATR) for Best Buy Co. Inc. is set at 3.25, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 6.71. Price to Free Cash Flow for BBY in the course of the last twelve months was 8.08 with Quick ratio for the last quarter at 0.70.

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 3.16. With this latest performance, BBY shares gained by 0.81% in over the last four-week period, additionally plugging by 4.05% over the last 6 months – not to mention a rise of 54.57% 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 51.69, with the RSI for the last a single of trading hit 53.71, and the three-weeks RSI is set at 51.43 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 118.12, while it was recorded at 115.83 for the last single week of trading, and 112.75 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 +5.44 and a Gross Margin at +22.25. Best Buy Co. Inc.’s Net Margin is presently recorded at +3.80.

Return on Total Capital for BBY is now 31.71, 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.

Reflecting on the efficiency of the workforce at the company, Best Buy Co. Inc. [BBY] managed to generate an average of $17,627 per employee. 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 0.70 and a Current Ratio set at 1.20.

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 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 9.90%.

An analysis of insider ownership at Best Buy Co. Inc. [BBY]

There are presently around $23,192 million, or 81.30% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 28,804,153, which is approximately 0.166% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 20,989,045 shares of the stock with an approximate value of $2.45 billion in BBY stocks shares; and FMR LLC, currently with $1.62 billion in BBY stock with ownership of nearly -2.915% of the company’s market capitalization.

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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 363 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 12,548,348 shares. Additionally, 437 investors decreased positions by around 17,755,291 shares, while 86 investors held positions by with 167,985,106 shares. The mentioned changes placed institutional holdings at 198,288,745 shares, according to the latest SEC report filing. BBY stock had 105 new institutional investments in for a total of 2,209,685 shares, while 124 institutional investors sold positions of 3,691,873 shares during the same period.

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