We rank companies based on fund manager, research analyst and news sentiment
BBY stock icon

Best Buy
BBY

$77.81
0.19%
 

About: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

Employees: 85,000

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 23 analysts
0
News positive %
of 18 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 83

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

15% more capital invested

Capital invested by funds: $11.8B [Q3] → $13.5B (+$1.71B) [Q4]

7% more funds holding

Funds holding: 678 [Q3] → 726 (+48) [Q4]

2.25% more ownership

Funds ownership: 77.91% [Q3] → 80.16% (+2.25%) [Q4]

0% more call options, than puts

Call options by funds: $478M | Put options by funds: $477M

6% less repeat investments, than reductions

Existing positions increased: 246 | Existing positions reduced: 262

Research analyst outlook

23 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$65
16%
downside
Avg. target
$81
4%
upside
High target
$101
30%
upside

23 analyst ratings

positive
22%
17 neutral
74%
negative
4%
JP Morgan
Christopher Horvers
30%upside
$101
Overweight
Upgraded
22 Mar 2024
Telsey Advisory Group
Joseph Feldman
22%upside
$95
Outperform
Upgraded
20 Mar 2024
Morgan Stanley
Simeon Gutman
5%upside
$82
Equal-Weight
Maintained
1 Mar 2024
Citigroup
Steven Zaccone
2%downside
$76
Sell
Maintained
1 Mar 2024
UBS
Michael Lasser
9%upside
$85
Neutral
Maintained
1 Mar 2024

Financial journalist opinion

Based on 18 articles about BBY published over the past 30 days