Best Buy Company Inc

BBY-N

NYSE:BBY

78.09
1.66 (2.17%)
Best Buy Co., Inc. is an American multinational consumer electronics corporation headquartered in Richfield, Minnesota, a Minneapolis suburb. Internationally, it also operates in Canada and Mexico.
More at Wikipedia

Analysis and Opinions about BBY-N

Signal
Opinion
Expert
BUY
BUY
April 21, 2020
They will survive because they have a fine, thriving online operation and people are buying online now. That said, he's not a fan of retail stocks of any sort, anywhere. Best Buy is very well-run. Kudos for its online sales.
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They will survive because they have a fine, thriving online operation and people are buying online now. That said, he's not a fan of retail stocks of any sort, anywhere. Best Buy is very well-run. Kudos for its online sales.
DON'T BUY
DON'T BUY
October 31, 2017

There is a pattern that could be called a Double Top, and from there it has been in a downtrend. You have lower highs and lower lows. Until the stock starts to consolidate, with no more lower highs or lower lows, and breaks past the last high and past the 200-day moving average, you are not in an uptrend.

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There is a pattern that could be called a Double Top, and from there it has been in a downtrend. You have lower highs and lower lows. Until the stock starts to consolidate, with no more lower highs or lower lows, and breaks past the last high and past the 200-day moving average, you are not in an uptrend.

PAST TOP PICK
PAST TOP PICK
May 6, 2015

(A Top Pick March 3/14. Up 41.1%.) A turnaround story. They were suffering a little bit from a competitive gap.

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(A Top Pick March 3/14. Up 41.1%.) A turnaround story. They were suffering a little bit from a competitive gap.

PAST TOP PICK
PAST TOP PICK
March 23, 2015

(Top Pick Mar 3/14, Up 64.50%) It is a turnaround story. They are comparable with any on-line retailer. This is a well run store and they match any price you might have on a comparable item.

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(Top Pick Mar 3/14, Up 64.50%) It is a turnaround story. They are comparable with any on-line retailer. This is a well run store and they match any price you might have on a comparable item.

PAST TOP PICK
PAST TOP PICK
February 11, 2015

(A Top Pick Feb 13/14. Up 58.2%.) They have really done a lot to change things. This was a turnaround story. Had a lot of handicap where people would shop online. Amazon started to introduce sales taxes by state, which reduced a lot of incentive. Also, they have been broadening out their line and have really turned it around. Has become more customer focused.

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(A Top Pick Feb 13/14. Up 58.2%.) They have really done a lot to change things. This was a turnaround story. Had a lot of handicap where people would shop online. Amazon started to introduce sales taxes by state, which reduced a lot of incentive. Also, they have been broadening out their line and have really turned it around. Has become more customer focused.

DON'T BUY
DON'T BUY
May 14, 2014

Retail does well From Jan to April except this year because of weather. Also, Oct, before Black Friday. There is some restructuring taking place. We are in a trading channel. He would not jump in right now.

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Retail does well From Jan to April except this year because of weather. Also, Oct, before Black Friday. There is some restructuring taking place. We are in a trading channel. He would not jump in right now.

TOP PICK
TOP PICK
March 3, 2014

This is a name that got pounded in the last little while, but it has already started to turn around.

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This is a name that got pounded in the last little while, but it has already started to turn around.

TOP PICK
TOP PICK
February 13, 2014

Worst performer on the S&P thus far this year. This is a multiyear turnaround. It fell over 35% at the beginning of the year. Earnings were slightly disappointing. It leads in every single category that it has. They are turning around. They have the best price guarantee so a sales associate will match any price on Amazon. Amazon is starting to increase their rates in a way because they now have to charge sales tax in many of the states. There is a lot of low hanging fruit. They have to fix the website, fix customer experience a little bit, but if they can do that, they can selloff their Chinese affiliate which is worth hundreds of millions of dollars. Cheap and thinks it will be 30%-40% higher next year. Dividend yield of 2.67%.

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Worst performer on the S&P thus far this year. This is a multiyear turnaround. It fell over 35% at the beginning of the year. Earnings were slightly disappointing. It leads in every single category that it has. They are turning around. They have the best price guarantee so a sales associate will match any price on Amazon. Amazon is starting to increase their rates in a way because they now have to charge sales tax in many of the states. There is a lot of low hanging fruit. They have to fix the website, fix customer experience a little bit, but if they can do that, they can selloff their Chinese affiliate which is worth hundreds of millions of dollars. Cheap and thinks it will be 30%-40% higher next year. Dividend yield of 2.67%.

WATCH
WATCH
January 22, 2014

With the great performance last year, it was an oversold stock and marginal expectations. They rationalized costs and continued to beat quarter over quarter. But he thinks the costs have been squeezed out of the business. If you see improvement of the bottom line next quarter you can get back in but right now it is in no man’s land.

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With the great performance last year, it was an oversold stock and marginal expectations. They rationalized costs and continued to beat quarter over quarter. But he thinks the costs have been squeezed out of the business. If you see improvement of the bottom line next quarter you can get back in but right now it is in no man’s land.

SELL
SELL
December 4, 2013

Retail merchandising stocks tend to go higher at this time of year from September, right through until black Friday then the whole sector has a tendency to roll over because that is the peak of the good news for the sector. Chart shows this one had a nice run but is now showing resistance. Now is the time to take some money off the table.

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Retail merchandising stocks tend to go higher at this time of year from September, right through until black Friday then the whole sector has a tendency to roll over because that is the peak of the good news for the sector. Chart shows this one had a nice run but is now showing resistance. Now is the time to take some money off the table.

DON'T BUY
DON'T BUY
September 19, 2013

This business is definitely under pressure. Like a lot of the big box format stores, they expanded and expanded and got into different areas of the market and became over saturated. The former chairman of the board is now back and things have improved. However, at the end of the day, the longer-term thesis is that the store format is to get much, much smaller and it has to address how the online retail businesses are essentially stealing their business. Thinks earnings power is lower over the medium term.

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Best Buy Company Inc (BBY-N)
September 19, 2013

This business is definitely under pressure. Like a lot of the big box format stores, they expanded and expanded and got into different areas of the market and became over saturated. The former chairman of the board is now back and things have improved. However, at the end of the day, the longer-term thesis is that the store format is to get much, much smaller and it has to address how the online retail businesses are essentially stealing their business. Thinks earnings power is lower over the medium term.

COMMENT
COMMENT
May 1, 2013

Chart shows a long downward trend line from the beginning of 2011 until the end of 2012. It then broke the trend line, which is a good time to be stepping in. It broke that in its seasonally strong period which means it is actually a good position to be in. Chart shows it is coming up to some resistance at about $20 and may have difficulty getting past that. If it does, then you hang on until once again it breaks the trend line and starts coming down.

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Chart shows a long downward trend line from the beginning of 2011 until the end of 2012. It then broke the trend line, which is a good time to be stepping in. It broke that in its seasonally strong period which means it is actually a good position to be in. Chart shows it is coming up to some resistance at about $20 and may have difficulty getting past that. If it does, then you hang on until once again it breaks the trend line and starts coming down.

DON'T BUY
DON'T BUY
April 30, 2013

Doesn’t like the business model. The reality is that one of Amazon’s fastest-growing areas is consumer electronics. They can sell these same goods cheaper and make more money than the box stores can.

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Doesn’t like the business model. The reality is that one of Amazon’s fastest-growing areas is consumer electronics. They can sell these same goods cheaper and make more money than the box stores can.

DON'T BUY
DON'T BUY
December 18, 2012

There are a couple of different dynamics on this. Fundamentals on electronic retailing have not been good for a while because of the advent of online shopping. Also, the founder has been talking off and on of buying back the company. More of a gamble than an investment.

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There are a couple of different dynamics on this. Fundamentals on electronic retailing have not been good for a while because of the advent of online shopping. Also, the founder has been talking off and on of buying back the company. More of a gamble than an investment.

DON'T BUY
DON'T BUY
December 6, 2012

The fundamentals keep changing and there is no new product out there, deciding earnings, down next year. Likes to see the growth in earnings. They are still profitable but there are better places long-term to put your money.

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The fundamentals keep changing and there is no new product out there, deciding earnings, down next year. Likes to see the growth in earnings. They are still profitable but there are better places long-term to put your money.

COMMENT
COMMENT
October 23, 2012

Has a massive presence online. Probably trading at 4 or 5 times earnings compared to Amazon at about 100 times. Thinks people are overly pessimistic about this company. No question their business is in decline but maybe they’ll turn it around.

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Has a massive presence online. Probably trading at 4 or 5 times earnings compared to Amazon at about 100 times. Thinks people are overly pessimistic about this company. No question their business is in decline but maybe they’ll turn it around.

DON'T BUY
DON'T BUY
October 10, 2012

The problem that this and all the other big box stores have is that their lunch is being eaten by Amazon (AMZN-Q). The question is, if you are a Best Buy or Future Shop, how can you compete with online services that have no bricks and mortar, salesmen, maintenance, etc.?

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The problem that this and all the other big box stores have is that their lunch is being eaten by Amazon (AMZN-Q). The question is, if you are a Best Buy or Future Shop, how can you compete with online services that have no bricks and mortar, salesmen, maintenance, etc.?

DON'T BUY
DON'T BUY
September 28, 2012

Has a very distinct downward trend and, as yet, has not indicated when this stock is going to bottom. Have had some financial difficulties. Changed their senior management a couple of times. Losing market share to Amazon (AMZN-Q) and the Internet providers.

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Best Buy Company Inc (BBY-N)
September 28, 2012

Has a very distinct downward trend and, as yet, has not indicated when this stock is going to bottom. Have had some financial difficulties. Changed their senior management a couple of times. Losing market share to Amazon (AMZN-Q) and the Internet providers.

DON'T BUY
DON'T BUY
June 20, 2012
Would stay on the sidelines a little longer. Would like to see the stock build a little bit better base. Company has been plagued by decreasing sales by consumers, but also by internal management problems.
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Would stay on the sidelines a little longer. Would like to see the stock build a little bit better base. Company has been plagued by decreasing sales by consumers, but also by internal management problems.
TOP PICK
TOP PICK
April 2, 2012
BestBuy.com is growing at 30%-40% and forecasting another double digit growth for this year. Growing in China. Shrinking back there big box stores.
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BestBuy.com is growing at 30%-40% and forecasting another double digit growth for this year. Growing in China. Shrinking back there big box stores.
DON'T BUY
DON'T BUY
March 6, 2012
Electronics merchandising is a very tough business. Their growth rate is maybe very low single digit. Earnings are deteriorating. (He is Short this stock.)
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Electronics merchandising is a very tough business. Their growth rate is maybe very low single digit. Earnings are deteriorating. (He is Short this stock.)
TOP PICK
TOP PICK
February 14, 2012
Walmarts of the world are dedicating less shelf space to electronics. Market share has gone up to over 50%. Trading at 6x free cash flow. Thinks it is ridiculously undervalued and is bottoming right here. Grown sales every year for the last 10 years. Margins are increasing due to moving into smart phones.
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Walmarts of the world are dedicating less shelf space to electronics. Market share has gone up to over 50%. Trading at 6x free cash flow. Thinks it is ridiculously undervalued and is bottoming right here. Grown sales every year for the last 10 years. Margins are increasing due to moving into smart phones.
DON'T BUY
DON'T BUY
May 18, 2011
Doesn’t seem to be a lot of catalysts here. 3D has not captured consumer as much as they thought it would. There are better places to put your money.
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Doesn’t seem to be a lot of catalysts here. 3D has not captured consumer as much as they thought it would. There are better places to put your money.
BUY
BUY
December 8, 2010
On his radar screen. Good multiple of only 11X next year’s earnings. With flat screens TVs and 3D TV coming it looks good.
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On his radar screen. Good multiple of only 11X next year’s earnings. With flat screens TVs and 3D TV coming it looks good.
COMMENT
COMMENT
October 1, 2010
Buying a Call at a Strike Price @ $1.90 and Selling a $45 Call and collecting $0.80. Thinks the holiday season should be good this year and this would be a good move.
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Buying a Call at a Strike Price @ $1.90 and Selling a $45 Call and collecting $0.80. Thinks the holiday season should be good this year and this would be a good move.
PARTIAL BUY
PARTIAL BUY
May 6, 2009
Has done extremely well over the last number of weeks. Likes it better than Wal-Mart (WMT-N). Would be a buyer but would not overload in this space.
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Has done extremely well over the last number of weeks. Likes it better than Wal-Mart (WMT-N). Would be a buyer but would not overload in this space.
DON'T BUY
DON'T BUY
December 6, 2007
Not a big fan of retailers because the competition can be awfully difficult for the long term. For the short-term, you really have to trade them.
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Not a big fan of retailers because the competition can be awfully difficult for the long term. For the short-term, you really have to trade them.
TOP PICK
TOP PICK
October 16, 2007
It has a global market. Sells consumer electronic devices. Services are good for consumers and therefore consumers are loyal to the company.
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It has a global market. Sells consumer electronic devices. Services are good for consumers and therefore consumers are loyal to the company.
TOP PICK
TOP PICK
April 30, 2007
The best retailer in the industry. Consistently make money but are constantly trying to make it even better. Apple (AAPL-Q) are creating stores in the Best Buy brand.
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The best retailer in the industry. Consistently make money but are constantly trying to make it even better. Apple (AAPL-Q) are creating stores in the Best Buy brand.
DON'T BUY
DON'T BUY
April 12, 2007
Trouble with this type of franchise is that they end up dealing with very large players who provide them with product and they can squeeze them. They are always playing catch-up as the products are always falling in price.
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Trouble with this type of franchise is that they end up dealing with very large players who provide them with product and they can squeeze them. They are always playing catch-up as the products are always falling in price.
DON'T BUY
DON'T BUY
January 17, 2007
The model price is $51.90, which is a 6% positive differential. You can find better value elsewhere. Would consider buying a $46.40.
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The model price is $51.90, which is a 6% positive differential. You can find better value elsewhere. Would consider buying a $46.40.
HOLD
HOLD
December 12, 2006
US retailers are into a downturn and are going to have a tough time. Sees spending slowing.
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US retailers are into a downturn and are going to have a tough time. Sees spending slowing.
DON'T BUY
DON'T BUY
May 31, 2006
Doesn't find the price that attractive. There is a legitimate concern that there has to be a slowdown in consumer spending in the US.
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Doesn't find the price that attractive. There is a legitimate concern that there has to be a slowdown in consumer spending in the US.
BUY
BUY
February 14, 2006
This stock looks good and recommends going long. This is not a harmful sector .
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This stock looks good and recommends going long. This is not a harmful sector .
BUY
BUY
February 14, 2006
This stock looks good and recommends going long. This is not a harmful sector .
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This stock looks good and recommends going long. This is not a harmful sector .
DON'T BUY
DON'T BUY
February 19, 2004
A consumer driven stock. Getting a little expensive. May be a little bit of money left to make, but be cautious.
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A consumer driven stock. Getting a little expensive. May be a little bit of money left to make, but be cautious.
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Best Buy Company Inc(BBY-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Best Buy Company Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 1 stock analyst published opinions about BBY-N. 1 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Lorne Steinberg on 2020-04-21. 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?

1 stock analyst 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 2020-05-29, Best Buy Company Inc (BBY-N) stock closed at a price of $78.09.