While Best Buy Co. Inc has overperformed by 2.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BBY rose by 27.15%, with highs and lows ranging from $103.71 to $68.67, whereas the simple moving average jumped by 5.21% in the last 200 days.
On November 27, 2024, Telsey Advisory Group Reiterated Best Buy Co. Inc (NYSE: BBY) to Outperform. A report published by Telsey Advisory Group on August 30, 2024, Reiterated its previous ‘Outperform’ rating for BBY. UBS also Upgraded BBY shares as ‘Buy’, setting a target price of $106 on the company’s shares in a report dated June 17, 2024. Citigroup June 03, 2024d the rating to Buy on June 03, 2024, and set its price target from $67 to $100. Telsey Advisory Group May 23, 2024d its ‘Outperform’ rating to ‘Market Perform’ for BBY, as published in its report on May 23, 2024. Jefferies’s report from April 08, 2024 suggests a price prediction of $94 for BBY shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Best Buy Co. Inc (BBY)
Investors in Best Buy Co. Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.74 per share. Further, the quarter-over-quarter decrease in sales is -3.19%, showing a negative trend in the upcoming months.
One of the most important indicators of Best Buy Co. Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 43.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BBY is recording 2.92M average volume. On a monthly basis, the volatility of the stock is set at 2.78%, whereas on a weekly basis, it is put at 3.82%, with a gain of 4.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $98.90, showing growth from the present price of $90.00, which can serve as yet another indication of whether BBY is worth investing in or should be passed over.
How Do You Analyze Best Buy Co. Inc Shares?
The Specialty Retail market is dominated by Best Buy Co. Inc (BBY) based in the USA. When comparing Best Buy Co. Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.37, there is a growth in quarterly earnings of 4.58%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BBY shares are owned by institutional investors to the tune of 85.52% at present.
