The Best Buy Co., Inc. (NYSE:BBY) is going down by -4.17% in today’s trading session, a fall equivalent to -2.79% of the stock’s price from yesterday’s market close. A news came out on 08/14/19 stating that These stocks rose the most as Trump backed off (a bit) from tariffs by MARKETWATCH. The lowest point that the shares touched during the trading session was $66.39, while the peak of the day was recorded at a share price of $68.65. BBY finished the previous session at $66.97 according to the data provided by Barchart, while the trading volume was observed to be $1,449,113.
In the 100 days of trading, BBY managed to top a 70.64% Moving average. Additionally, Best Buy Co., Inc. shares have achieved a 52-week range between 47.72 and 84.37 alongside 100 days raw stochastic set at 17.70%.
The number of shares outstanding, according to the fundamentals of the company, is set at 273.19M, equal to the value of $18.30B in market capitalization. Financial analysts indicate that BBY shares should be still ranked as a “Outperform”. In the last 30 days, Best Buy Co., Inc. shares went down by -17.76%, adding 78.53 to growth in value, on top of a +0.28% boost since 07/15/19.
Best Buy Co., Inc. (NYSE:BBY) Analyst’s Estimates
Best Buy Co., Inc. (BBY) could record at least $0.99 per share in quarterly earnings in the upcoming report on 08/29/2019, a number that would actually represent an increase of 5.88% YOY.
According to the average analyst rating, Best Buy Co., Inc. would be rated as 2.50. Out of 28 different analysts monitoring BBY stock, 6 analysts rate the stock as a BUY, 18 suggest to give the rating of HOLD, 3 indicate that BBY is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-25-19, the stock earned a Reiterated rating due to a new analyst call from Telsey Advisory Group, while analysts from Goldman believe that the stock is set at Neutral, as concluded on Jul-11-19. Guggenheim, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Jul-08-19.
Jefferies, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-24-19, giving the stock a Buy from the Hold rating.
BBY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +23.23% has been attained, while the operating margin has been recorded at +4.58%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 11.07%. Beta value of the stock is recorded at 1.09. Additionally, Best Buy Co., Inc. is recording price volatility of 4.45% for the period of the last seven days and 3.24% in the last 30 days.
Best Buy Co., Inc. (NYSE:BBY) Technical Outlook
For the period of the last 50 days, Best Buy Co., Inc. had its Raw Stochastic average set at 17.70% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 1.27%. Stochastic %K for Best Buy Co., Inc., with the last 20 days included, was set at 21.25%, having Stochastic %D topping 24.70%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Best Buy Co., Inc. stocks with recording -13.10% in metrics.
Best Buy Co., Inc. Insider Watch:
As far as the position of shares issued by Best Buy Co., Inc. (NYSE:BBY) for the period concluded at the market close of 08/14/19, 294 institutional investors increased their positions in BBY shares by 18,856,015, 326 decreased positions by 23,076,069 and 77 institutional investors decided to hold positions at 169,091,827. These numbers put the complete list of institutional holdings set at 211,023,911 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 86 institutional investments with 2,486,019 new shares in addition to having 88 institutional investors selling their positions in 4,480,154 shares.