Best Buy Co.. with ticker code (BBY) have now 23 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 110 and 62 calculating the mean target price we have $83.09. Given that the stocks previous close was at $77.09 and the analysts are correct then there would likely be a percentage uptick in value of 7.8%. There is a 50 day moving average of $83.78 and the 200 day moving average is $76.32. The company has a market cap of $17,057m. Company Website: https://investors.bestbuy.com/investor-relations/overview/default.aspx
The potential market cap would be $18,385m based on the market consensus.
Best Buy Co.. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company’s stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.
The company has a dividend yield of 4.87% with the ex dividend date set at 22-3-2023 (DMY).
Other points of data to note are a P/E ratio of 12.01, revenue per share of 205.95 and a 7.29% return on assets.
