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Best Buy Company Inc (BBY-N)
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NYSE:BBY
86.60
0.13
(0.15%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Dec 2, 2022, 9:00 pm
0
PAST TOP PICK
(A Top Pick Nov 17/22, Up 23.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BBY has achieved its $86.00 objective. To remain disciplined, we recommend covering half the position at this time and trailing up the stop-loss (from $62.50) to $70.00.
specialty stores
$86.500
Unknown
BUY
She owns little retail. Her expectations for BB were so low, like a decline in same-store sales (10.5% decline this quarter, in fact) vs. expectations of a 13% decline. Better than expects, though it's not great. BB is used to managing their consumer electronics inventory, so BB's margins will be hindered compared to Target and Walmart are not as disciplined in managing their electronics inventory. So, there'll be compression in BB stores from promotional activity. Note: computer revenues this quarter are up 23% from Q4 2019, so consumer demand is still there, not dead. Don't forget the power of seasonal spending--and we're on the cusp of holiday spending. This bdoes well for November and December comps.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate BBY as a TOP PICK. The company has worked hard to streamline inventory systems, expand e-sales, and even leased out floor space to major brands to adjust growing inflationary pressure. It has inventory to supply gaming consoles and other key products heading into the holiday period. The stock trades at 9x earnings compared to peers at 36x. It pays a good dividend (which has grown for 18 consecutive years) and is backed by a payout ratio under 50% of cash flow. We recommend trailing up the stop-loss (from $50.00) to $62.50, looking to achieve $86 - upside over 26%. Yield 4.6% (Analysts’ price target is $86.13)
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TOP PICK
Stockchase Research Editor: Michael O'Reilly Despite doom and gloom with inflation and a slow down in consumer spending, recently reported earnings beat expectations by 15% and boast a ROE of 58%. The company has worked hard to streamline inventory systems, expand e-sales, and even leased out floor space to major brands to adjust. The stock trades at 10x earnings compared to peers at 30x. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We recommend placing a stop loss at $50, looking to achieve $86 - upside over 20%. Yield 4.95% (Analysts’ price target is $86.13)
specialty stores
TOP PICK
Best Buy is a leading provider of technology products, services and solutions. The company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit our stores, engage with Geek Squad agents or use BestBuy.com or the Best Buy app. The company has operations in the U.S and Canada, where more than 70 percent of the population lives within 15 minutes of a Best Buy store, as well as in Mexico where Best Buy has a physical and online presence. Social media mentions are up 1050% in the past 24h.
specialty stores
BUY
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge.
He's gun-shy retail, and BB has plunged from $142 last November to $85 today. Pays a 4.16% yield. Their near-term numbers are less than ideal, but managers have announced positive guidance through more services. Trades at only 8x earnings, maybe the cheapest ever. Shares are so low they are de-risked.
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DON'T BUY
It reports Thursday. It got punished last time by reporting smaller margins due to supply shortages. But he expects them to turn it around. They're well run. However, people won't buy big TVs, because they'll be travelling instead. There are better stocks.
specialty stores
BUY
It's all right. Pays a 3% yield. They'll have a good quarter. Some feel that we've bought all the computing equipment we need to work from home, but that's wrong. He's puzzled why shares are below $100. Should be higher. Good balance sheet and great supply chain.
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PAST TOP PICK
(A Top Pick Jun 22/21, Down 11%) Their Q4 was considered soft, but it still beat earnings by 7%. Operating costs went up due to advertising and supply chain. Still a buy for him. They just bought Current Healthcare to create its own telemedicine focused on seniors' care, a growth area, called Best Buy Health. Good valuation, strong earnings and revenues growth in 2022.
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HOLD
Either buy or hold. Don't sell--shares are too low.
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BUY
There have been crazy moves in the market lately. Best Buy rose 35% over two months, then surrendered half those gains instantly. There's a lot of oddness in the market but it will fade once we get over these supply chain bottlenecks, and those stocks will reverse course.
specialty stores
BUY
They report Tuesday. He expects it to tell great stories and won't terrify with any stories about supply-chain woes.
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BUY
They were prepared for supply chain disruption that the economy is facing now. Also they offered new services, like IT support for those working from home. And the Delta variant has peaked, so the great reopening trade is back on.
specialty stores
BUY
It's invested a lot in digital retail and started a membership club that will take care of all home office tech support needs. Likes it in the retail space.
specialty stores
BUY
The stock has doubled since March 2020, but the company continues to grow. Comp sales are strong across all categories. This has plenty of upside to come.
specialty stores
Best Buy Company Inc(BBY-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Best Buy Company Inc(BBY-N) Frequently Asked Questions
What is Best Buy Company Inc stock symbol?
Best Buy Company Inc is a American stock, trading under the symbol BBY-N on the New York Stock Exchange (BBY). It is usually referred to as NYSE:BBY or BBY-N
Is Best Buy Company Inc a buy or a sell?
In the last year, 7 stock analysts published opinions about BBY-N. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Best Buy Company Inc.
Is Best Buy Company Inc a good investment or a top pick?
Best Buy Company Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Best Buy Company Inc.
Why is Best Buy Company Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Best Buy Company Inc worth watching?
7 stock analysts on Stockchase covered Best Buy Company Inc In the last year. It is a trending stock that is worth watching.
What is Best Buy Company Inc stock price?
On 2022-12-02, Best Buy Company Inc (BBY-N) stock closed at a price of $86.6.
