Latest Articles
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Forecast Of The Day: Number of U.S. Best Buy Stores
What? Trefis expects the number of Best Buy (NYSE:BB) stores in the U.S. to gradually decline from 1009 in 2020 to about 990 in 2021 and 985 in 2022. Why? The decline is likely to be driven by an increasing pivot towards online sales, which ha...
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What’s Next After a 6% Rise in Best Buy’s Stock?
Best Buy’s stock (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has increased 6% over the last five trading days (one week) and currently stands at ...
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Which Stocks Can Offer Better Returns Compared To Best Buy?
We believe that there are two specialty retail stocks that are currently better valued than Best Buy (NYSE: BBY) . BBY’s current price to operating income ratio (P/EBIT) of 29x is much higher than levels of under 20x for Lithia Motors (LAD)...
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Will the Gains Continue For Best Buy Stock?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has more than doubled from the March 2020 lows of around $52 (when broader markets made a bottom ...
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Best Buy’s Stock To Rebound After A 12% Drop In Five Days?
Best Buy’s (NYSE: BBY) stock, a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, has declined by almost 12% over the last five trading days and currently stands at a...
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What To Expect From Best Buy’s Stock Post Q4 Release?
Best B uy (NYSE: BBY), a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services, is scheduled to report its fiscal fourth-quarter results on Thursday, February 25. We expect the ...
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Best Buy’s Stock To Likely Trade Higher Post Fiscal Q3 Earnings
Best Buy (NYSE: BBY) is scheduled to report its fiscal third-quarter results on Tuesday, November 24. We expect the consumer electronics retailer to likely beat the revenue and earnings expectations, driven by a major sales boost from the work fr...
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Best Buy’s Stock Still Attractive At $118?
Best Buy’s (NYSE: BBY) stock is up around 35% to around $118 levels year-to-date, compared to a 9% growth for the broader S&P 500. The retailer’s stock grew despite a 1% decline in revenues in the last 2 quarters. While Best Buy h...
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Can Best Buy Survive The Amazon Threat?
Best Buy’s stock (NYSE: BBY) has grown by a strong 113% (as of September 10) since the coronavirus low on March 23, pushing its market value close to $28 billion. Over the same time, Amazon’s stock (NASDAQ: AMZN) has gained about 70%...
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Why Is Best Buy’s Stock Up Over 90% Since 2017, Despite Only A Small Revenue Jump?
Best Buy stock (NYSE: BBY) has gained a large 93% in the last 3 years or so (as of May 26). What’s surprising is that its revenues have increased by only 11% between fiscal 2017 and 2020 (year ended January 2020). The large stock price gain...
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Buy, Sell, Or Hold Best Buy At $74?
Best Buy’s (NYSE: BBY) stock declined almost 15% from $87 levels at the beginning of this year to $74 levels (as of May 4th), compared to a 13% decline for the broader S&P 500. While Best Buy has underperformed the broader markets, we b...
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Could Best Buy’s Stock Rise Over 25% Post Covid-19 Crisis?
Comparing the trend in Best Buy ‘s (NYSE: BBY) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 25% once fears surrounding the coronavirus outbreak sub...
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Can Best Buy Online Power the Stock Despite Coronavirus?
Best Buy ‘s (NYSE: BBY) e-commerce sales could likely grow from $6 billion in 2017 (fiscal 2018) to around $8.7 billion in 2020 (fiscal 2021). While the coronavirus outbreak is likely to dampen sales growth in the near term, the electronics...
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Is Best Buy’s Stock Fairly Priced?
Best Buy ‘s (NYSE: BBY) stock price has fluctuated between $53 and $89 since the beginning of 2019. We have maintained our long-term price estimate for Best Buy at $83, which is around 6% below the current market price. We have summarized...
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How Much Does Best Buy Spend On Selling, General And Administrative Expenses?
Best Buy (NYSE: BBY) spent $8 billion on Selling, General and Administrative expenses in FY 2019 (ended January 2019) which was 18.7% of Total Revenues. Trefis estimates the expense to be around 17.7% of Total Revenue in 2020 (ended January 2020...
