Where can I buy shares of BBY?
Shares of BBY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
How much of Best Buy's stock is owned by insiders?
Only 0.36% of the stock of Best Buy is held by insiders. 79.39% of the stock of Best Buy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Best Buy are expected to decrease by -5.45% in the coming year, from $10.09 to $9.54 per share.
Is Best Buy's PE ratio overvalued?
The P/E ratio of Best Buy is 8.59, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 19.18. Best Buy has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued. Best Buy has a P/B Ratio of 5.00.
Why did the stock market move lower last week?
Market Digest: MRVL, BBY, HUM The stock market moved lower last week as Omicron concerns caused volatility to spike to its highest levels since January 2021. Blue chips outperformed tech stocks, as investors went into a risk-off mode. During Friday's session, the Dow Jones Industrial Average fell 60 points, or 0.17%.
Is BBY a good stock to buy now?
Best Buy Co., Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of BBY, demonstrate its potential to outperform the market. It currently has a Growth Score of D.
Why is Best Buy going down?
The company reported Q4 revenues of $16.4 billion, down nearly 3% year-over-year (y-o-y). In fact, the company's comparable sales declined 2.3% in Q4, largely due to more constrained inventory and the temporary reduction in store count. Still, comps were up 10% for the second straight year in the full year fiscal 2022.
Is BBY shorted?
Short Shares Availability This table shows the number of shares of US:BBY available to be shorted at a leading prime brokerage.
Will Best Buy stock go back up?
The 21 analysts offering 12-month price forecasts for Best Buy Co Inc have a median target of 85.00, with a high estimate of 110.00 and a low estimate of 65.00. The median estimate represents a +13.82% increase from the last price of 74.68.
Is it smart to buy Best Buy Stock?
Currently, Best Buy Co Inc's price-earnings ratio is 12.6. Best Buy Co Inc's trailing 12-month revenue is $52.3 billion with a 4.9% profit margin. Year-over-year quarterly sales growth most recently was 19.6%. Analysts expect adjusted earnings to reach $9.780 per share for the current fiscal year.
Is Best Buy doing well financially?
Net sales decreased to $16.37 billion from $16.94 billion a year earlier, missing estimates of $16.6 billion. Same-store sales fell 2.3% during the quarter, underperforming analysts' and the company's own expectations.
What is the most shorted stock in history?
Meta Platforms Inc. lost $232 billion in one day, making it the largest single-day loss in stock market history. In 2021, GameStop(GME) was the subject of a remarkable short squeeze that caused some hedge funds to lose billions of dollars.
Whats the most shorted stock right now?
Most Shorted StocksSymbol SymbolCompany NameFloat Shorted (%)BYND BYNDBeyond Meat Inc.40.19%VERV VERVVerve Therapeutics Inc.38.69%BGFV BGFVBig 5 Sporting Goods Corp.37.76%ICPT ICPTIntercept Pharmaceuticals Inc.37.73%42 more rows
What happens after a short squeeze?
Understanding Short Squeezes Eventually, the seller will have to buy back shares. If the stock's price has dropped, the short seller makes money due to the difference between the price of the stock sold on margin and the reduced stock price paid later.
What stocks did the best this week?
Company Screening also includes Company ranking within it's Industry....Industry 5 Days Stock Performance Screening.RankingThis Week's Stock Market Winners%1Kohl s Corp10.17 %2Jd com Inc8.83 %3Crescent Point Energy Corp6.82 %4Remark Holdings Inc.6.36 %101 more rows
What is target price for Best Buy?
Stock Price Target BBYHigh$110.00Median$91.00Low$65.00Average$93.33Current Price$81.98
What Time Is Best Buy earnings?
The quarterly dividend is payable on July 5, 2022, to shareholders of record as of the close of business on June 14, 2022. Best Buy is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on May 24, 2022.
Should I buy or sell Best Buy stock right now?
15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently...
What is Best Buy's stock price forecast for 2022?
15 equities research analysts have issued 1-year price targets for Best Buy's shares. Their forecasts range from $65.00 to $147.00. On average, the...
How has Best Buy's stock performed in 2022?
Best Buy's stock was trading at $101.60 at the beginning of 2022. Since then, BBY stock has decreased by 28.5% and is now trading at $72.60. View...
When is Best Buy's next earnings date?
Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022. View our earnings forecast for Best Buy .
How were Best Buy's earnings last quarter?
Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings results on Tuesday, May, 24th. The technology retailer reported $1.57 EPS for the qua...
How often does Best Buy pay dividends? What is the dividend yield for Best Buy?
Best Buy declared a quarterly dividend on Tuesday, May 24th. Shareholders of record on Tuesday, June 14th will be paid a dividend of $0.88 per shar...
Is Best Buy a good dividend stock?
Best Buy(NYSE:BBY) pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.85%. BBY has a dividend yield higher than 75%...
What guidance has Best Buy issued on next quarter's earnings?
Best Buy issued an update on its FY 2023 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of $8.40-$9.00 for the period,...
Who are Best Buy's key executives?
Best Buy's management team includes the following people: Ms. Corie Sue Barry , CEO & Director (Age 47, Pay $3.33M) ( LinkedIn Profile ) Mr. Mat...
Slowing sales growth and declining margins alarmed investors
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Best Buy ( NYSE:BBY) fell 12.3% on Tuesday after the consumer electronics company issued a tepid sales forecast for the all-important holiday shopping season.
So what
Best Buy's revenue rose less than 1% year over year to $11.9 billion in its fiscal 2022 third quarter. The retailer's domestic comparable store sales increased 2%, as it lapped the 22.6% comp growth Best Buy experienced during the prior-year period.
Now what
Investors, however, appeared to focus more on the company's guidance. Management expects revenue of $16.4 billion to $16.9 billion, with comparable sales potentially falling as much as 2% and adjusted gross margin declining by roughly 30 basis points.
About Best Buy
Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International.
Best Buy (NYSE:BBY) Frequently Asked Questions
14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock.
What happened
Shares of electronics superstore chain Best Buy ( BBY -0.93% ) sure don't seem to be living up to their name today, at least not as of 3:20 p.m. EST, when they were down 8.8%.
So what
And yet it's hard to get too mad at Best Buy for these numbers. Even if sales weren't all the analysts had hoped for, the company still grew its revenue 11% year over year in the fourth quarter, and better than 8% for the year as a whole. That's not too shabby for a retailer operating in a year of recession and pandemic.
Now what
Looking ahead to Best Buy's fiscal 2022, CFO Matt Bilunas expressed confidence in the long-term strategy and believes the company is investing from a position of strength, especially with online sales, which grew 89% in the fourth quarter. The company expects online sales will make up 40% of total sales in the future.