Best Buy Co Stock Analysis

BBY Stock  USD 77.13  0.89  1.14%   
Best Buy Co is fairly valued with Real Value of 79.16 and Target Price of 81.81. The main objective of Best Buy stock analysis is to determine its intrinsic value, which is an estimate of what Best Buy Co is worth, separate from its market price. There are two main types of Best Buy's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Best Buy's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Best Buy's stock to identify patterns and trends that may indicate its future price movements.
The Best Buy stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Best Buy is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Best Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Best Buy's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Best Stock Analysis Notes

About 84.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 1.44. Best Buy recorded earning per share (EPS) of 5.68. The entity last dividend was issued on the 20th of March 2024. The firm had 3:2 split on the 4th of August 2005. Best Buy Co., Inc. retails technology products in the United States and Canada. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 57750 people. For more info on Best Buy Co please contact Corie Barry at (612) 291-1000 or go to https://corporate.bestbuy.com.

Best Buy Quarterly Total Revenue

14.65 Billion

Best Buy Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Best Buy's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Best Buy Co or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
The company has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Best Buy until it has trouble settling it off, either with new capital or with free cash flow. So, Best Buy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Best Buy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Best to invest in growth at high rates of return. When we think about Best Buy's use of debt, we should always consider it together with cash and equity.
Over 84.0% of Best Buy shares are held by institutions such as insurance companies
Latest headline from gurufocus.com: Best Buy Co A Fair Market Valuation or a Pricing Misstep

Best Buy Upcoming and Recent Events

Earnings reports are used by Best Buy to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Best Buy previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
7th of March 2024
Upcoming Quarterly Report
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23rd of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
7th of March 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View

Best Largest EPS Surprises

Earnings surprises can significantly impact Best Buy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
1999-06-15
1999-05-310.090.10.0111 
1999-06-15
1999-04-300.090.10.0111 
1998-06-16
1998-05-310.030.040.0133 
View All Earnings Estimates

Best Buy Thematic Classifications

In addition to having Best Buy stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Retail Idea
Retail
USA Equities from Retail industry as classified by Fama & French

Best Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Best Buy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Best Buy Co backward and forwards among themselves. Best Buy's institutional investor refers to the entity that pools money to purchase Best Buy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Dimensional Fund Advisors, Inc.2023-12-31
2.8 M
Federated Hermes Inc2023-12-31
2.8 M
Northern Trust Corp2023-12-31
2.6 M
Raymond James & Associates2023-12-31
2.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
2.1 M
Legal & General Group Plc2023-12-31
2.1 M
Norges Bank2023-12-31
2.1 M
Bank Of New York Mellon Corp2023-12-31
1.9 M
Pacer Advisors, Inc.2023-12-31
1.8 M
Blackrock Inc2023-12-31
23.3 M
Vanguard Group Inc2023-12-31
23.1 M
Note, although Best Buy's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Best Market Capitalization

The company currently falls under 'Large-Cap' category with a total capitalization of 16.81 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Best Buy's market, we take the total number of its shares issued and multiply it by Best Buy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Best Profitablity

Best Buy's profitability indicators refer to fundamental financial ratios that showcase Best Buy's ability to generate income relative to its revenue or operating costs. If, let's say, Best Buy is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Best Buy's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Best Buy's profitability requires more research than a typical breakdown of Best Buy's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.03 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.05 %, which entails that for every 100 dollars of revenue, it generated $0.05 of operating income.

Management Efficiency

Best Buy has Return on Asset of 0.0702 % which means that on every $100 spent on assets, it made $0.0702 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4244 %, implying that it generated $0.4244 on every 100 dollars invested. Best Buy's management efficiency ratios could be used to measure how well Best Buy manages its routine affairs as well as how well it operates its assets and liabilities.
The analysis of Best Buy's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Best Buy's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Best Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0482
Forward Dividend Yield
0.0482
Forward Dividend Rate
3.76
Beta
1.509

Technical Drivers

As of the 19th of March, Best Buy shows the Mean Deviation of 1.27, downside deviation of 1.68, and Risk Adjusted Performance of 0.0397. Best Buy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for Best Buy Co, which can be compared to its rivals. Please confirm Best Buy standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Best Buy is priced correctly, providing market reflects its regular price of 77.13 per share. Given that Best Buy has jensen alpha of (0.12), we suggest you to validate Best Buy Co's prevailing market performance to make sure the company can sustain itself at a future point.

Best Buy Price Movement Analysis

Execute Study
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Best Buy middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Best Buy. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Best Buy Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Best Buy insiders, such as employees or executives, is commonly permitted as long as it does not rely on Best Buy's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Best Buy insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Best Buy Predictive Daily Indicators

Best Buy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Best Buy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Best Buy Corporate Filings

10K
15th of March 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
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F4
11th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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8K
7th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
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F4
5th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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F4
1st of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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8K
29th of February 2024
Report filed with the SEC to announce major events that shareholders should know about
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13A
13th of February 2024
An amended filing to the original Schedule 13G
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13A
29th of January 2024
The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934
ViewVerify

Best Buy Forecast Models

Best Buy's time-series forecasting models are one of many Best Buy's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Best Buy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Best Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Best Buy prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Best shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Best Buy. By using and applying Best Stock analysis, traders can create a robust methodology for identifying Best entry and exit points for their positions.
Best Buy Co., Inc. retails technology products in the United States and Canada. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 57750 people.

Current Best Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Best analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Best analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
81.81Buy30Odds
Best Buy Co current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Best analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Best stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Best Buy, talking to its executives and customers, or listening to Best conference calls.
Best Analyst Advice Details

Best Stock Analysis Indicators

Best Buy Co stock analysis indicators help investors evaluate how Best Buy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Best Buy shares will generate the highest return on investment. By understating and applying Best Buy stock analysis, traders can identify Best Buy position entry and exit signals to maximize returns.
Begin Period Cash Flow2.3 B
Long Term Debt1.2 B
Common Stock Shares Outstanding218.5 M
Total Stockholder Equity3.1 B
Tax Provision381 M
Quarterly Earnings Growth Y O Y-0.054
Property Plant And Equipment NetB
Cash And Short Term Investments1.4 B
Cash1.4 B
Accounts Payable4.6 B
Net Debt2.5 B
50 Day M A75.3582
Total Current Liabilities7.9 B
Other Operating Expenses41.7 B
Non Current Assets Total7.1 B
Forward Price Earnings12.8866
Non Currrent Assets Other454 M
Stock Based Compensation145 M
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.