Best Buy stock: buy or sell?

BBY stock price: $90.21 -0.21% At close on February 14th, 2020

Updated on:
February 14th, 2020

5

Best Buy shares remained stable -0.21% to $90.21 on February 14th.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.

Should I buy Best Buy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to choose your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Best Buy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BBY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Best Buy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for BBY stock for the last month.

Best Buy stock analysis

Daily outlook

Best Buy shares remained constant -0.21% to $90.21 on Feb 14th.

Best Buy remained steady an ugly -0.21% and closed at $90.21. From a daily perspective, BBY is in a short term uptrend after plotting its last bottom ($86.48, on Feb/7) higher than the previous bottom, and its last top ($91.31, on Thursday) also over the previous top. Now trading in between its last bottom and last top BBY might consolidate in a plain range, waiting to break out over $91.31 or down under $86.48. On October BBY price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On November, SMA50d and SMA100d crossed up triggering a rise of 20.96%. On January 14th, BBY hit a new all time high, pushing higher than on January/13 tops. Check different trading setups that use ATHs as triggers.

BBY stock chart (daily)

Weekly outlook

Shares of Best Buy soared an excellent 3.67% this week. Late January BBY collapsed a hair-raising -5.61% in just one week.

Observing the weekly chart, BBY marked an uptrend of rising tops and rising bottoms. Since its last top by mid January at $91.83, price slid and bounced up back from $84.53. Breaking down under $84.53 would cancel the current uptrend and it might test lower supports. Note that $91.83 might act as a resistance line. Not so far away is the last all-time high Best Buy marked by mid January. Since price and SMA40w lines crossed up early September, BBY climbed $27.40 (43.62%). Since SMA20d and SMA40w crossed up late May 2019, BBY price climbed $25.63 per share (39.69%).

BBY stock chart (weekly)

Best Buy stock price history

Best Buy stock went public on April 18th, 1985 with a price of $0.001. Since then, BBY stock surged a inf%, with a yearly average of inf%. If you had invested right after BBY's IPO a $1,000 in Best Buy stock in 1985, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

Best Buy stock historical price chart

BBY stock reached all-time highs on January 14th with a price of $91.83.

Best Buy stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not found any price target for Best Buy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Best Buy reported slightly good results for 2019-Q1 on February. Best Buy appreciated Earnings per Share (EPS) by 5.80%, beating experts consensus of $2.57. Best Buy posted $2.72.
BBY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.6n/a
2017-Q3-n/a0.68n/a
2017-Q42018-03-012.042.4218.6%
2018-Q12018-03-012.052.4218.0%
2018-Q22018-05-240.750.829.3%
2018-Q32018-08-280.830.919.6%
2018-Q42018-11-200.850.939.4%
2019-Q12019-02-272.572.725.8%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2018, last anual revenues report draw a slightly good gain of 1.73% to $42,879.00 M USD. Nonetheless, its profit margin (compared to revenues) grew to 3.41%, that is $1,464.00 million.

BBY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$42,410 M-$687 M1.6%-
2014$40,340 M-4.88%$1,250 M3.1%81.95%
2015$40,339 M0.00%$1,233 M3.1%-1.36%
2015$39,530 M-2.01%$807 M2.0%-34.55%
2016$39,528 M-0.01%$897 M2.3%11.15%
2016$39,400 M-0.32%$1,210 M3.1%34.89%
2017$39,403 M0.01%$1,228 M3.1%1.49%
2017$42,150 M6.97%$999 M2.4%-18.65%
2018$42,151 M0.00%$1,000 M2.4%0.10%
2019$42,879 M1.73%$1,464 M3.4%46.40%

Quarterly financial results

Best Buy reported $14,801.00 million in sales for 2019-Q1, a 54.34% up compared to previous quarter. Reported quarter income marked $735.00 M with a profit margin of 4.97%. Profit margin gained a 2.08% compared to previous quarter when profit margin was 2.89%. When comparing turnover to same quarter last year, Best Buy sales marked a bad correction and slightly fell a -3.66%. Looking back to recent quarterly results, Best Buy posted 3 negative quarters in a row.
BBY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$8,530 M-$188 M2.2%-
2017-Q3$8,940 M4.81%$209 M2.3%11.17%
2017-Q4$9,320 M4.25%$239 M2.6%14.35%
2018-Q1$15,363 M64.84%$364 M2.4%52.30%
2018-Q2$9,109 M-40.71%$208 M2.3%-42.86%
2018-Q3$9,379 M2.96%$244 M2.6%17.31%
2018-Q4$9,590 M2.25%$277 M2.9%13.52%
2019-Q1$14,801 M54.34%$735 M5.0%165.34%

Best Buy ownership

When you are planning to invest in shares of a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Best Buy, 14.74% of all outstanding shares are owned by its staff.

Bearish positions for BBY stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Best Buy:

BBY
Market cap$23.3 B
Total shares258.8 M
Float shares229.9 M
  - Institutional holdings (%)82.4%
  - Insider holdings (%)14.7%
Shares in short selling0.0%

Best Buy summary

Friday, February 14th, 2020
Open$91.00
Close$90.21
Day range$89.86 - $91.15
Previous close$90.40
Session gain-0.21%
Average true range$1.89
50d mov avg$87.40
100d mov avg$79.63
200d mov avg$73.80
Daily patternlt06a
Weekly pattern lb03a

Best Buy performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Best Buy to :
Stock3m6m12m
BBYBest Buy17.71%39.60%54.15%

Best Buy competitors

Unfortunately, we could not find any public company that could be defined as Best Buy competitor. This doesn't mean Best Buy does not have any competitor in the market, it's just we could not detected it.

    Latest Best Buy stock news