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Best Buy Co (BBY)
NYSE:BBY
Best Buy Co (BBY) Stock Price & Analysis
2,966 Followers
BBY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$60.79 - $85.08
Previous Close$81.55
Volume9.81M
Average Volume (3M)3.11M
Market Cap
$17.64B
Enterprise Value$20.18B
Total Cash (Recent Filing)$1.45B
Total Debt (Recent Filing)$3.98B
Price to Earnings (P/E)14.3
Beta1.22
Next Earnings
Aug 27, 2024EPS Estimate
$1.17Next Dividend Ex-Date
Jun 20, 2024Dividend Yield4.54%
Share Statistics
EPS (TTM)5.71
Shares Outstanding215,381,395
10 Day Avg. Volume4,135,358
30 Day Avg. Volume3,105,117
Standard Deviation0.11
R-Squared0.53
Alpha-0.00702
Financial Highlights & Ratios
Price to Book (P/B)9.27
Price to Sales (P/S)0.40
Price to Cash Flow (P/CF)3.30
P/FCF Ratio3.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.46
Enterprise Value/Gross Profit2.10
Enterprise Value/Ebitda14.55
Forecast
1Y Price Target
$87.00Price Target Upside2.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Best Buy Co News
PremiumThe Fly
Best Buy rises 12.0%
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceBest Buy Co. reported adjusted earnings per share of $1.20, surpassing analyst estimates, reflecting strong financial performance.
Market PositionBBY has grown to be the largest consumer electronics retailer in the world, showing significant market presence and growth.
Product InnovationA new lineup of AI enabled laptops is expected to accelerate sales, indicating potential growth driven by product innovation.
Bears Say
Financial Performance1Q SSS of -6.1% missed the -5% guidance and market expectations, with declines in most categories except services and laptops.
Market StrategyExpectation of pricing investments pressuring product margins, potentially impacting profitability.
Stock ValuationDespite a favorable quarterly performance, the stock is challenged by a premium price-to-earnings ratio compared to historical averages.
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Ownership Overview
13.12% Insiders
24.23% Mutual Funds
42.83% Other Institutional Investors
19.82% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
The estimated number of people who visited one or more of the websites owned by Best Buy Co
Desktop Users
Mobile Users
BBY FAQ
What was Best Buy Co’s price range in the past 12 months?
Best Buy Co lowest stock price was $60.78 and its highest was $85.08 in the past 12 months.
What is Best Buy Co’s market cap?
Currently, no data Available
When is Best Buy Co’s upcoming earnings report date?
Best Buy Co’s upcoming earnings report date is Aug 27, 2024 which is in 87 days.
How were Best Buy Co’s earnings last quarter?
Best Buy Co released its earnings results on May 30, 2024. The company reported $1.2 earnings per share for the quarter, beating the consensus estimate of $1.075 by $0.125.
Is Best Buy Co overvalued?
According to Wall Street analysts Best Buy Co’s price is currently Undervalued.
Does Best Buy Co pay dividends?
Best Buy Co pays a Quarterly dividend of $0.94 which represents an annual dividend yield of 4.54%. See more information on Best Buy Co dividends here
What is Best Buy Co’s EPS estimate?
Best Buy Co’s EPS estimate is $1.17.
How many shares outstanding does Best Buy Co have?
Best Buy Co has 216,352,420 shares outstanding.
What happened to Best Buy Co’s price movement after its last earnings report?
Best Buy Co reported an EPS of $1.2 in its last earnings report, beating expectations of $1.075. Following the earnings report the stock price went up 13.421%.
Which hedge fund is a major shareholder of Best Buy Co?
Among the largest hedge funds holding Best Buy Co’s share is Mairs & Power Inc. It holds Best Buy Co’s shares valued at 57M.
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Best Buy Co Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$87.00 (2.57% Upside)
$87.00 (2.57% Upside)
Blogger Sentiment
Bullish
BBY Sentiment 67%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 150.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 3.1%
Last 30 Days ▼ 3.1%
News Sentiment
Very Bullish
Bullish news 88%
Bearish news 13%
Bearish news 13%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.72%
12-Months-Change
Fundamentals
Return on Equity
42.31%
Trailing 12-Months
Asset Growth
0.44%
Trailing 12-Months
Company Description
Best Buy Co
Founded in 1966, Minnesota-based Best Buy Co., Inc. is a consumer electronics company, which provides consumer technology products and services in the US, Canada and Mexico. It operates in two business segments: Domestic and International.
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BBY Earnings Call
Q1 2024
0:00 / 0:00
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BBY Revenue Breakdown
42.53% Computing and Mobile Phones
29.85% Consumer Electronics
13.36% Appliances
7.74% Entertainment
6.52% Other
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BBY Stock 12 Month Forecast
Average Price Target
$87.00
▲(2.57% Upside)
Technical Analysis
Best Analysts Covering BBY
1 Year
1 Year Success Rate
31/40 ratings generated profit
1 Year Average Return
+14.13%
reiterated a buy rating yesterday
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