Best Buy Co. Inc. (NYSE:BBY) stock went on an upward path that rose over 1.28% on Thursday, amounting to a one-week price increase of more than 5.82%. Over the last 12 months, BBY stock rose by 6.04%. The one-year BBY stock forecast points to a potential downside of -0.01, with the average price target set at $75.65 per share. The average equity rating for BBY stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for BBY stock reached $19.73 billion, with 259.63 million shares outstanding and 225.39 million shares in the current float. Compared to the average trading volume of 2.49M shares, BBY reached a trading volume of 1814061 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 $76.99 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.
Raymond James have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on October 08, 2019. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $70 to $75. The new note on the price target was released on September 26, 2019, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another drop from $76 to $70, while Telsey Advisory Group kept a Market Perform rating on BBY stock.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 1.79, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 6.18, with the Price to Cash per share for the same quarter was set at 6.20. Price to Free Cash Flow for BBY in the course of the last twelve months was 33.73 with Quick ratio for the last quarter at 0.40.
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 5.82. With this latest performance, BBY shares gained by 15.69% in over the last four-week period, additionally plugging by 6.58% over the last 6 months – not to mention a rise of 6.04% 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 69.70, with the RSI for the last a single of trading hit 73.86, and the three-weeks RSI is set at 64.59 for Best Buy Co. Inc. (BBY). The present Moving Average for the last 50 days of trading for this stock 68.92, while it was recorded at 74.73 for the last single week of trading, and 68.66 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 +4.58 and a Gross Margin at +23.23. Best Buy Co. Inc.’s Net Margin is presently recorded at +3.41.
Return on Total Capital for BBY is now 40.66, given the latest momentum, and Return on Invested Capital for the company is 32.31. Return on Equity for this stock inclined to 42.32, with Return on Assets sitting at 11.07. 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 41.98. Additionally, BBY Total Debt to Total Capital is recorded at 29.57, with Total Debt to Total Assets ending up at 10.54. Long-Term Debt to Equity for the company is recorded at 40.29, with the Long-Term Debt to Total Capital now at 28.38.
Reflecting on the efficiency of the workforce at the company, Best Buy Co. Inc. (BBY) managed to generate an average of $11,712 per employee. Receivables Turnover for the company is 41.55 with a Total Asset Turnover recorded at a value of 3.24. 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 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 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.40%. 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 7.15%.
Best Buy Co. Inc. (BBY): Insider Ownership positions
There are presently around $16,197 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 27,605,353, which is approximately 3.734% of the company’s market cap and around 1.10% of the total institutional ownership; FMR LLC, holding 21,933,721 shares of the stock with an approximate value of $1.0 billion in BBY stocks shares; and BLACKROCK INC., currently with $1.0 billion in BBY stock with ownership of nearly 4.439% 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 295 institutional holders increased their position in Best Buy Co. Inc. (NYSE:BBY) by around 21,691,952 shares. Additionally, 318 investors decreased positions by around 21,001,776 shares, while 74 investors held positions by with 173,124,803 shares. The mentioned changes placed institutional holdings at 215,818,531 shares, according to the latest SEC report filing. BBY stock had 81 new institutional investments in for a total of 2,240,056 shares, while 72 institutional investors sold positions of 3,331,913 shares during the same period.