Best Buy Co. Inc. [NYSE: BBY] slipped around -1.41 points on Wednesday, while shares priced at $102.68 at the close of the session, down -1.35%. The company report on January 4, 2022 that Best Buy Launches New Advertising Business, Best Buy Ads.
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Best Buy Co. Inc. stock is now 1.06% up from its year-to-date (YTD) trading value. BBY Stock saw the intraday high of $105.128 and lowest of $100.834 per share. The company’s 52-week high price is 141.97, which means current price is +4.54% above from all time high which was touched on 01/05/22.
Compared to the average trading volume of 3.10M shares, BBY reached a trading volume of 2978026 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 $127.31 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.
Piper Sandler have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 27, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $130 to $140. The new note on the price target was released on May 28, 2021, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another drop from $135 to $125, while Wedbush kept a Neutral rating on BBY stock.
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 0.48. The Price to Book ratio for the last quarter was 5.91. Price to Free Cash Flow for BBY in the course of the last twelve months was 36.74 with Quick ratio for the last quarter at 0.40.
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 -0.31. With this latest performance, BBY shares gained by 2.43% in over the last four-week period, additionally sinking by -8.32% over the last 6 months – not to mention a drop of -9.31% 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 45.73, with the RSI for the last a single of trading hit 49.63, and the three-weeks RSI is set at 44.12 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 112.18, while it was recorded at 102.98 for the last single week of trading, and 113.83 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 +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 0.40 and a Current Ratio set at 1.10.
Earnings analysis for Best Buy Co. Inc. [BBY]
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 9.40%.
Insider trade positions for Best Buy Co. Inc. [BBY]
There are presently around $19,748 million, or 81.50% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 28,108,681, which is approximately -0.568% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 21,238,139 shares of the stock with an approximate value of $2.18 billion in BBY stocks shares; and JPMORGAN CHASE & CO, currently with $1.18 billion in BBY stock with ownership of nearly 4.675% of the company’s market capitalization.
Positions in Best Buy Co. Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 410 institutional holders increased their position in Best Buy Co. Inc. [NYSE:BBY] by around 11,711,049 shares. Additionally, 343 investors decreased positions by around 15,118,517 shares, while 85 investors held positions by with 165,499,020 shares. The mentioned changes placed institutional holdings at 192,328,586 shares, according to the latest SEC report filing. BBY stock had 89 new institutional investments in for a total of 1,486,020 shares, while 67 institutional investors sold positions of 975,247 shares during the same period.